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OTTB Transfer of Ownership

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  • OTTB Transfer of Ownership

    Hello all!

    I'm an old cother who took a break and forgot her username Decided to start over anew and I already have a question that I'm a bit stumped on. I'll try to make the story as short as possible

    6 years ago, bought an OTTB at auction, being underage at the time the horse was put in my step fathers name. (As said on the bill of sale) Then the horse was "sold" to my real dad, as he was the one helping me pay for the horse and he required the horse being in his name until I was of age. We have bills of sale for all of these things. Two years ago I "bought" the horse from my real dad. Had the bill of sale notorized and the whole bit. The horse has been in Montana the past two years (while I've been in school) and I'm now ready to move him down to Colorado with me.

    I have all of his traveling papers in order (coggins, brand inspection etc) but I'm a bit stumped on the bill of sale/proof of ownership. Somehow didn't notice until just know that he has the amount of sale at "$0.00", which is not true, and I'm not sure if that invalidates the sale?

    I never put his jockey club papers in my name, because my parents wanted to wait until I was of age (I was 17 at the time, two months away from my birthday) and it somehow got away from me. If my stepfather were to sign the horse to me on his papers, would that count? (thereby removing the disfunctional family middle man?

    I'm not trying to deceive anyone, just trying to make the situation somewhat simple.

    Bottomline, what do I do?
    ~Over or Through~

    A Blog of Percy's Journey!

  • #2
    Is there a point or somewhere you need to go w/ this?
    $0.00 on bill of sale means Free and does not invalidate anything.It is even notorized..You have his JC papers the Coggins in your name and the horse, what other proof would you need??
    JC papers will never be changed you can call them and have your name added @ JC but its reallly kind of pointless...

    Comment


    • #3
      Sport horse people rarely get the JC papers in their names. (In fact, many/most OTTBs from the track are sold without papers anyway.)

      What are you concerned about? Signing as owner? Selling him in the future? Or that your dad or stepdad will try to take him back? You sound fine on all counts, I think.

      Comment


      • #4
        Originally posted by Beam Me Up View Post
        Sport horse people rarely get the JC papers in their names. (In fact, many/most OTTBs from the track are sold without papers anyway.)

        What are you concerned about? Signing as owner? Selling him in the future? Or that your dad or stepdad will try to take him back? You sound fine on all counts, I think.
        I've gotten the JC papers on every OTTB that I've ever bought. If they are mares....it is very important.

        Basically, you don't get the issued in your name...but I did always have them signed over to me.

        OP--have your step dad sign the papers over to you as you are now the current owner....and keep all the documents that you have. You should be fine.
        Last edited by bornfreenowexpensive; May. 7, 2012, 06:52 AM.
        ** Tact is the ability to tell someone to go to hell in such a way that they look forward to the trip. ~Winston Churchill? **

        Comment

        • Original Poster

          #5
          Thank you bornfreenowexpensive! That's exactly what I needed to know

          I'll never sell him as he is my soul horse, so that is not the concern. I just want to make sure that everything is straight forward and to the book since I am hauling him across state lines. People in Montana can be WEIRD about ownership of horses and I don't want to have any reason that I could get in trouble with brand inspectors/state officials.

          I don't really have a lot of experience with Sport Horses/bill of sale/transfer of ownership. QH's are a much different story in my opinion

          I'll have the JC papers signed over to me, coggins and brand inspection in my name.

          Thanks all
          ~Over or Through~

          A Blog of Percy's Journey!

          Comment


          • #6
            In Colorado, the brand inspection proves ownership. Generally the inspectors at the (other) state lines know Colorado is a brand inspection state. As long as the brand inspection is in your name, you will be fine. Do you have a permanent card?

            Comment


            • #7
              It is far too easy to change ownership with the JC. Just sign in at www.equineline.com and follow your nose to the JC area, then to the change of ownership area (or whatever it is called) and put in the information.

              You have to click a box saying that you are the owner or authorized agent and, boom, ownership change is complete.

              If you want to becomne his official owner with the JC, that is all fine, but a bill of sale would be all you need to cross any state lines.

              (If he were a rachorse still and you need to submit the papers to the racing office so he can race in your name, you need the last owner on the back of his papers to sign off on him and then you sign as the new owner. -- Not to worry about getting the actual owner to sign off. You (or someone else) can sign off as "agent".

              So, both transferring his papers and doing the ownership change with the JC can be accomplished within 10 minutes.
              "He lives in a cocoon of solipsism"

              Charles Krauthammer speaking about Trump

              Comment


              • #8
                You do not need to have the actual papers even, just the horse in your possession. (You would only need them to race the horse, and even then it is just having the previous owner sign.) And I don't know why the papers were not signed to you in the first place, anyone can own a horse (under age or not).

                What to do? Nothing imho.
                I.D.E.A. yoda

                Comment


                • #9
                  Basically, you don't get the issued in your name...but I did always have them signed over to me.

                  If the Seller to her stepfather..did Not...sign them over than its a motte point..

                  Comment


                  • #10
                    Originally posted by judybigredpony View Post
                    If the Seller to her stepfather..did Not...sign them over than its a motte point..
                    I think the Seller did.....it sounds like the seller signed them over to her step father but her step father didn't sign them over to her father. Her father technically bought the horse from her step father but since she now has bought him from her father....her step father can just sign the papers to her and skip the step of signing them over to her father and then having her father sign them over to her.

                    LOL welcome to my world as a lawyer...but increase the complexity by 10X.
                    ** Tact is the ability to tell someone to go to hell in such a way that they look forward to the trip. ~Winston Churchill? **

                    Comment

                    • Original Poster

                      #11
                      Hahah yep, that's exactly right bornfreenowexpensive.

                      It's such a muddled disfunctional family mess! Drives me nuts, but I'm so happy to know it's a relatively easy fix. Read father is a bit of a douchebag, so I don't want to give him any opportunity to make me look like the bad guy. Tomorrow we get the Coggins, Brand Inspection, etc, so it should all be in order soon!
                      ~Over or Through~

                      A Blog of Percy's Journey!

                      Comment


                      • #12
                        Originally posted by RedxHandedxJill View Post

                        It's such a muddled disfunctional family mess! Drives me nuts, but I'm so happy to know it's a relatively easy fix. Read father is a bit of a douchebag, so I don't want to give him any opportunity to make me look like the bad guy. Tomorrow we get the Coggins, Brand Inspection, etc, so it should all be in order soon!
                        Grew up in one of those too and turned out just fine. As you get older....you begin to realize that it is almost more normal to be in a disfunctional family than not Teaches good people skills
                        ** Tact is the ability to tell someone to go to hell in such a way that they look forward to the trip. ~Winston Churchill? **

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