Motorola RAZR I hard reset
Before
you buy a new cell phone or new tablet, please try the following
procedure to repair your device. First charge your battery, backup your
important data if possible and in most cases take out SIM and SD card.
It is impossible to recover your data after doing a hard reset, so
online backup is always important. For all of your data, a backup should
be done on an external device, hard drive, raid system or media.
Reset Motorola RAZR I
Motorola Razr i hard reset using buttons
Please note! After Update use the following method. (Older method see Older version below.) (Thanks for feedback!)
Turn off phone.
Hold power + volume DOWN only
While phone vibrates, release power. [you have ~1s to release power]
(release power before it stops vibrating)
From the Droid triage screen, simultaneously press Volume Up and Down.
Select wipe data / factory reset then press the Power button.
Use Volume keys to navigate options.
Select Yes -- delete all user data then press the Power button.
Use Volume keys to navigate options.
After wiping data select reboot system now and press the Power button.
Older version:
Power the device off.From the Droid triage screen, simultaneously press Volume Up and Down.
Select wipe data / factory reset then press the Power button.
Use Volume keys to navigate options.
Select Yes -- delete all user data then press the Power button.
Use Volume keys to navigate options.
After wiping data select reboot system now and press the Power button.
Older version:
Press and hold both Volume Up + Down then press and hold Power button. When the device screen goes blank release the Power button while keep holding both Volume Up + Down.
Press and hold the Volume Up + Down then press the Power button.
When presented with the Boot Mode Selection Menu release all buttons.
Press Volume Down to select Recovery then press Volume Up.
From the Droid triage screen, simultaneously press Volume Up and Down.
Select wipe data / factory reset then press the Power button.
Use Volume keys to navigate options.
Select Yes -- delete all user data then press the Power button.
Use Volume keys to navigate options.
After wiping data select reboot system now and press the Power button.

or reset Razr I via menu option
Android 4.0
Select Settings → Back up and reset→ Factory data reset → Reset device→ Delete all.