HorseClosings.com Gives Consumers Confidence in Troubled Economic Times
WELLINGTON, FL - January 12, 2009 - In these troubled economic times, consumers appreciate services that can provide them with confidence, protection, and transparency in business transactions. When it comes to horse sales, which have come under national scrutiny and two states have enacted legislature aimed at 'cleaning up' the business, it is reassuring to know that there is a company that has the interest of buyers, sellers and agents in mind. HorseClosings.com, the first known equine closing company, conducts horse sales similarly to a real estate transaction, with legal notarized documentation, an escrow account, and satisfaction for all parties concerned.
Nationally renowned horse trainer Bill Schaub of Over the Hill Farm in Sanford, Florida, is a new client at HorseClosings.com and is pleased to have found a service that protects the professional in not only horse sales, but other facets of the business including lease agreements.
"I realized how so many of us in the horse business are unprotected," said Schaub, a 30-year veteran in the horse industry. "There are a lot of measures in place to protect the amateurs and the owners and the horse shows, but not the professionals. For instance, if owners don't pay for their show entries, then they can't show at the next horse show. If I have someone walk out on board bills, I have no recourse. Clients can take advantage and default on transactions. We have to protect ourselves."
HorseClosings.com was launched by Krysia Nelson and Tamara Tucker, attorneys at Nelson & Tucker, PLC, who are also lifelong horsewomen and active hunter/jumper competitors. Schaub was especially thrilled to have found attorneys who are also horse people. "That was great. They understand," Schaub said. "They were awesome to work with and very efficient. I recommend that professionals call them. Once they explain how their company works, it's easy to see why you'd want to have them working with you. They know the horses, how things work, and they know the legal jargon. The whole thing protects everybody and makes everybody feel confident."
Schaub is currently working with Nelson & Tucker to create legal documents for his boarding and training business. He began his experience with them with a recent horse sale transaction that was settled by HorseClosings.com.
As one of the country's top trainers of ponies, juniors and amateurs, Schaub has conducted hundreds of sales, but for this particular deal he wanted protection. In this transaction, Schaub was the agent for the seller, who sent the horse to him, and at the same time he was the agent for the buyer, whose child trained with him periodically. "HorseClosings.com handled the sale as the neutral, middle party," he explained. "They handled all the money and it was full disclosure on price, commissions, warranties and non-warranties. That created a confidence for everybody. It was a no-brainer when it got down to it because HorseClosings.com not only protected the buyer and the seller, but it also protected me."
After seller and buyer agreed on price, the horse was vetted at Schaub's Over the Hill Farm, and then sent to the buyer's farm for a two-week trial and finally blood work testing. When the buyer was satisfied, HorseClosings.com settled the transaction by putting together the final paperwork for the sale and disbursing the money - the net proceeds were wired to the seller at the seller's request and Schaub and the child's at-home trainer received commission checks. Schaub noted that the buyer and seller both received documentation prior to completion of the sale about the commissions involved. "It's all disclosed," he affirmed. "Everybody knows what's going on, so there's no reason anybody would have a problem."
Schaub pointed out that the paperwork was completed in just two days because HorseClosings.com had prepared all the legal documentation at the outset, including the paperwork to make the horse ready for the new owners to register immediately with the USEF. "These are things that as professionals we don't always do, and some never do," Schaub said, adding, "But with all the things professionals do, if things go wrong, we need to have legal, notarized documentation."
Krysia Carmel Nelson, Esq. earned her B.A. from Dartmouth College and her law degree from Villanova University. In private practice, Ms. Nelson represents leading horse owners, trainers, riders, breeders, equestrian facilities, major farms, clubs and associations across all nationally and internationally recognized disciplines. A frequent speaker at industry conferences, including the National Equine Law Conference, she also teaches at the Washington & Lee University School of Law in Lexington, Virginia. A lifelong equestrian, she still competes regularly on the "A" show circuit in the amateur hunter divisions.
Tamara L. Tucker, Esq. earned her B.A. at Mary Washington College, graduating cum laude, and earned her J.D. from the University of South Carolina School of Law. In addition to her business and insurance law practice, Ms. Tucker handles dozens of equine law cases annually. In recent litigation, she received a verdict on behalf of a defendant farm owner in a $1 million premises liability action; a verdict on behalf of the plaintiff horse owner in a breach of contract claim; and a settlement on behalf of a policyholder in an equine mortality coverage case involving a $500,000 broodmare. Ms. Tucker regularly shows in the amateur hunter divisions with trainer Tommy Serio and has garnered tricolors at "A" and "AA" shows throughout the east coast.
PHOTO CAPTION: Krysia Carmel Nelson, Esq., HorseClosings.com PHOTO CREDIT: Lili Weik Photography. This photo may be used only in relation to this press release.
Be the first to submit a comment on this article!
Submit your comments
Link to this article
---------------------- It's easy! Just copy code below and paste into your webpage --------------------
<a href="http://www.equestrianmag.com/article/horseclosings-consumers-troubled-economic-times-01-09.html">HorseClosings.com Gives Consumers Confidence in Troubled Economic Times</a> ~ EquestrianMag.com
Your link will appear like this:
HorseClosings.com Gives Consumers Confidence in Troubled Economic Times ~ EquestrianMag.com