01-21-2012, 11:36 AM
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In those situations, it is always the middle man that gets stuck. In case the sale is voided by litigation, the vet would get the horse back and the seller has your $2,500, and you are stuck with trying to sue the seller separately to get your money back.
If it were me, I would not buy the horse until the seller could provide some form of unquestionable documentation that they were the legal owner of the horse and therefore had the right to sell it.
I would also add that unless the horse is extremely successful at whatever it is he does, $2,500 is a bit much to pay for an unregistered Quarterhorse....