Breeder backing out of deal

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Savannah1986

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Hi I placed a large deposit on a foal in June I’m meant to be picking him up middle of November they have just contacted me saying they no longer want to go through with the sale . I’ve become very attached to the foal is there anything I can do
 
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Savannah1986

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They are but I’ve helped out a lot with him . I would prefer the foal to the money . However if I was to get the deposit back they’ve had my money sat in there bank earning interest I’ve lost that and the foal. Feels like they used me for a short term loan when they had no intention of selling .
 
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PatchyBabyHorse

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That’s really really crap of them. Especially as they were having you help with him! You’ve now also probably missed out on other foals.
Might be worth a call to an equine solicitor if your interested in seeing where you stand, but probably one to put down to experience.
Awful people to do this!! Why have they backed out?

I have three foals under deposit at the moment, supposed to be coming to me in a few weeks. I’m terrified something like this will happen, feel so sorry for you :(
 
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TPO

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That's really rubbish but I don't think you can do anything to make them sell the foal.

If it helps any the interest rate has been something like 0.1% so unless you've put down £1m deposit they havent gained anything out of holding your money for less than 4mths.

Everything happens for a reason and with this being a pretty awful year you might find something really special hits the market before the end of the year ??
 
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Pearlsacarolsinger

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There could be all sorts of reasons for their decision.

I would just accept the deposit back and them maybe ask if their reason was something to do with the set-up that you intended to take the foal to - you never know, it might be a learning opportunity.

As above, they certainly won't have earned much interest on your deposit. And I must admit that i don't really understand what you have been doing with an unweaned foal that has taken up much of your time.
 
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cumbriamax

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I think I'd just accept the deposit back and chalk it up to experience. Whether or not you can force them to sell is a different matter but I think as presumably they still have the foal, they could make it awkward and difficult for you to proceed even if you can force them.

Are they are stud/established breeders or one off breeders? They may changet their minds again or it may come up for sale in future.

Wouldn't worry about interest rates, they probably won't have gained much.

I understand that you now have an emotional investment in this foal and I'm sure I would be disheartened too. Also if you have bought a superbly bred foal with specific future discipline in mind I understand it may be difficult to find another such foal.

In your position I think I would politely say that I was disappointed and let down but leave it on reasonable terms with the owners.
 
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Savannah1986

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She tired weaning him early I said no I think he’s been gone for a while I got my deposit back yesterday it’s not worth the hassle and I don’t have the fight in me I’ve got £3000 now sat in the bank I’m going to keep saving till I find mr right . It annoys this woman has wasted 5 months of my time
 
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Savannah1986

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cumbriamax said:
I think I'd just accept the deposit back and chalk it up to experience. Whether or not you can force them to sell is a different matter but I think as presumably they still have the foal, they could make it awkward and difficult for you to proceed even if you can force them.

Are they are stud/established breeders or one off breeders? They may changet their minds again or it may come up for sale in future.

Wouldn't worry about interest rates, they probably won't have gained much.

I understand that you now have an emotional investment in this foal and I'm sure I would be disheartened too. Also if you have bought a superbly bred foal with specific future discipline in mind I understand it may be difficult to find another such foal.

In your position I think I would politely say that I was disappointed and let down but leave it on reasonable terms with the owners.
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TPO

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