That I agree with 100%

be careful who you defend. 

Anyone know the definition of consortium?

Consortium - an agreement, combination, or group (of companies) formed to undertake an enterprise beyond the resources of any one member.

There is a Ganter & Dufur Consortium, LLC.

Now common sense would tell us that if you know someone well enough to go into a business dealing with them, to the extent you form an LLC, you probably know more than you are admitting.

Ok your majesty, whatever you say. You're top dog on the planet, know everything about anything, I always seem to forget that 

I just hope they come to their senses. They have 170ish advertised on the website alone!!! So many nice ones and it's really horrific. I hope they consider a dispersal sale. I dont condone their actions and I'd guess some big risks were taken to get them into a hole this deep. I pray they sell some. I inquired.

He11 hath frozen over. I can't believe I've agreed with 1D Soon twice in one week. 

Update by Angela Festervan on facebook:

"The authorities found no evidence of starving horses at Dufur. There was evidence that trucks and trailers had been in and out of fields where it was apparent that horses had been recently contained and emptied. In other words, there was a major clean up and no one knows to where those animals have been moved. The horses that were found there were underweight but had been given hay.
The FBI will take it from here and they are fully aware that evidence has been intentionally hidden.
Local law enforcement has done all that they will do."

Absolutely shameful. I hope Teri Dufur and anyone who helped her move these horses rots in jail.

I read that this agreement basically is a way of formally partnering on a horse.

Also if you don't have facebook, it has been discovered that a large group of horses on the Dufur are mortgaged, and the bank holds their papers. Further complicating the efforts to purchase or move animals from there.

Plus the fact that they have all been moved from the farm yesterday.   

So they say on FB.  Which means anything can be true or fake. 

I'm thinking so far in debt that they have no money to purchase feed. Bank says what a horse's papers can be released for, but people are not willing to buy for that price. If a horse does sell, the money goes straight to the bank, so they still have no money to purchase feed. Now for the horses not up for collateral, I do not know. 

This is all, of course, speculating and still does not make the situation any less horrific. 

My thought, if they're not feeding the animals, I bet they're not making their payments to the bank. Makes me wonder, how far behind are they, why hasn't the bank stepped in and taken their collateral? 

It also shocked to me to know a bank took the horses as collateral.  

As a side conversation, I once had to repo about 30 hd of TB's from an old guy.  Luckily we had also just foreclosed on a 50 acre pasture, so we had a place to keep them and feed them.  We worked to sell the one's that were young enough to do something with, but most ended up going to the kill buyer.  It's a lose lose for everyone involved.  

So how does one file a lien on horse papers? I work for a bank and we can file on brands so with cattle this works great as when they go through the sale yard, the check has to be written to both the Bank and the cattle owner. We have taken horses as collateral, but if they aren't branded and if the sale is private, there is no way to stop the animal from being sold. This is why we rarely take them as collateral. A UCC will not stop a private sale or transfer of papers and some people don't care about the papers so don't care about them. The Bank probably doesn't want anything to do the the horses.

The bank would hold the registration papers with a signed(unprocessed) transfer, also file a UCC and CFS, at least here in Utah.  I've done quite a bit of it on higher dollar horses.  

https://medium.com/datadriveninvestor/does-bancorpsouth-bank-have-a-collateralized-horse-obligation-eb94b07a7c03

EVERYONE SHOULD READ THIS 

The writer of this article is Jud Little's son. He is an investigative journalist. Well done.

There is nothing in this article that wasn't already on FB.  What is the point of this article??

Everywhere on my facebook has been quiet about it for days until this article started circulating today. But the stuff I've seen was more on the Durfur's doings and less on the banks involved & their background. This article is mostly just about the banks & what they've got going on, so I think it's just trying to shed more light on that aspect than anything 

I guess I didnt see much about the banks on facebook. From what I gathered from the article is their financial status isnt great right now either. 

It sure is disappointing that nothing is being done. Nice horses who could have much better lives. I have tried calling, texting and emailing with no luck.