FRIDAY FUNNIES --- Property Attorney VS. FHA

Reblogger Bill Jones
Real Estate Agent with Discovery Real Estate Ltd. - "Homes By Jones"

This is hilarious a big thanks to Clint for bring this to us.

Bill

Original content by Clint Miller

I dont care who you are....this is funny!

 

A New Orleans lawyer sought an 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:

"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:

"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 U.S., 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 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'm 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?"

The loan was approved.

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Rainer
125,171
Sandra White
John L Scott Real Estate - Port Townsend, WA
Experienced Residential Resale Broker

That was a good one! Thanks.

Jan 30, 2010 08:46 AM #1
Rainer
232,345
Sara Woolford & Steve Golson, ALHS
iTexas Realty Co. - San Antonio, TX

Hi Bill-

I had missed this.  It's a wonderful item to re-blog as our industry and those poor souls trying to finance a HOME have truly had their patience tried.

-Sara in San Antonio

Jan 30, 2010 08:54 AM #2
Rainmaker
189,766
Clint Miller
Real Estate Pipeline, Inc. - Missoula, MT

Thanks for the reblog, Bill! Much appreciated!

Jan 31, 2010 11:13 PM #3
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Bill Jones

Realtor (403-701-1739) Airdrie & Calgary Area Homes and Condos
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