A New Orleans lawyer sought an FHA loan for a client who lost his
house in hurricane Katrina and wanted to rebuild. He was told the loan would be
granted if he could prove satisfactory title to the parcel of property granted
if he could prove satisfactory title to the 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."
Annoyed, 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 the194 years
covered by the present application. I was unaware that any educated person in
this area, would not know that Louisiana was purchased, by the U.S., from
France in 1803, the year of origin identified in our application.
(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."
Annoyed, 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
For the
edification of uninformed FHA bureaucrats, the title to the land prior to U.S.
ownership was obtained from France, which had acquired it by Right of Conquest
from Spain. The land came into the 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 Spanish monarch,
Isabella.
The good queen, Isabella, being a pious woman and almost as careful
about titles as the FHA, took the precaution of securing the blessing of the
Pope before she sold her jewels to finance Columbus' expedition. Now the Pope,
as I am sure you may 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 God also made that part of the world called Louisiana.
God, therefore, would be the owner of origin and His origins date back to before
the beginning of time, the world as we know it AND the FHA. I hope you find
God's original claim to be satisfactory.
Now, may we have our loan?"
He got the loan.
Now, may we have our loan?"
He got the loan.
http://www.snopes.com/humor/letters/landgrab.asp
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