Jeff396
Veteran Member
Having bought more houses than I care to remember I found this particularly funny./w3tcompact/icons/smile.gif
Subject: FHA loan
A New Orleans lawyer sought a FHA loan for a client. He was told the
loan would be granted if he could prove satisfactory title to a parcel
of property being offered as collateral. The title to the property dated
back to 1803, which took the lawyer three months to track down.
After sending the information to the FHA, he received the following
reply (actual letter):
"Upon review of your letter adjoining your client's loan application, we
note that the request is supported by an Abstract of Title. While we
compliment the able manner in which you have prepared and presented the
application, we must point out that you have only cleared title to the
proposed collateral property back to 1803. Before final approval can be
accorded, it will be necessary to clear the title back to its origin."
The lawyer responded as follows (actual letter):
"Your letter regarding title in Case No. 189156 has been received. I
note that you wish to have title extended further than the 194 years
covered by the present application. I was unaware that any educated
person in this country, particularly those working in the property area,
would not know that Louisiana was purchased by the US from France in
1803, the year of origin identified in our application. For the
edification of uninformed FHA bureaucrats, the title to the land prior
to US ownership was obtained from France, which had acquired it by Right
of Conquest from Spain. The land came into possession of Spain by Right
of Discovery made in the year 1492 by a sea captain named Christopher
Columbus, who had been granted the privilege of seeking a new route to
India by the then Reigning monarch, Isabelle.
The good queen, being a pious woman and careful about titles, almost as
much as the FHA, took the precaution of securing the blessing of the
Pope before she sold her jewels to fund Columbus'expedition.
Now the Pope, as I'm sure you know, is the emissary of Jesus Christ, the
Son of God. And God, it is commonly accepted, created this world.
Therefore, I believe it is safe to presume that He also made that part
of the world called Louisiana. He, therefore, would be the owner of
origin. I hope to heck you find His original claim to be satisfactory.
Now, may we have our darn loan?"
They received the loan.
Jeff
Subject: FHA loan
A New Orleans lawyer sought a FHA loan for a client. He was told the
loan would be granted if he could prove satisfactory title to a parcel
of property being offered as collateral. The title to the property dated
back to 1803, which took the lawyer three months to track down.
After sending the information to the FHA, he received the following
reply (actual letter):
"Upon review of your letter adjoining your client's loan application, we
note that the request is supported by an Abstract of Title. While we
compliment the able manner in which you have prepared and presented the
application, we must point out that you have only cleared title to the
proposed collateral property back to 1803. Before final approval can be
accorded, it will be necessary to clear the title back to its origin."
The lawyer responded as follows (actual letter):
"Your letter regarding title in Case No. 189156 has been received. I
note that you wish to have title extended further than the 194 years
covered by the present application. I was unaware that any educated
person in this country, particularly those working in the property area,
would not know that Louisiana was purchased by the US from France in
1803, the year of origin identified in our application. For the
edification of uninformed FHA bureaucrats, the title to the land prior
to US ownership was obtained from France, which had acquired it by Right
of Conquest from Spain. The land came into possession of Spain by Right
of Discovery made in the year 1492 by a sea captain named Christopher
Columbus, who had been granted the privilege of seeking a new route to
India by the then Reigning monarch, Isabelle.
The good queen, being a pious woman and careful about titles, almost as
much as the FHA, took the precaution of securing the blessing of the
Pope before she sold her jewels to fund Columbus'expedition.
Now the Pope, as I'm sure you know, is the emissary of Jesus Christ, the
Son of God. And God, it is commonly accepted, created this world.
Therefore, I believe it is safe to presume that He also made that part
of the world called Louisiana. He, therefore, would be the owner of
origin. I hope to heck you find His original claim to be satisfactory.
Now, may we have our darn loan?"
They received the loan.
Jeff
