Just had to share: FHA wants title traced back prior to 1803

By
Real Estate Agent with Alain Pinel BRE 01367196

Part of rebuilding New Orleans caused residents often to be challenged with the task of tracing home titles back potentially hundreds of years. With a community rich with history stretching back over two centuries, houses have been passed along through generations of family, sometimes making it quite difficult to establish ownership. Here's a great letter an attorney wrote to the FHA on behalf of a client:

You have to love this lawyer...

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:

(Actual reply from FHA):


"Upon review of your letter adjoining your client's loan application, we note 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 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 response):
"Your letter regarding title in Case No.189156 has been received.
I note you wish to have title extended further than the 206 years covered by the present application. I was unaware any educated person in this country, particularly those working in the property area, would not know Louisiana was purchased by the United States 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, Queen 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 's 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 God also made the 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 immediately approved.

And you want Government running health care?

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Rainmaker
647,093
Kathy Sheehan
Bay Equity, LLC 770-634-4021 - Atlanta, GA
Senior Loan Officer

Pacita, I have seen this before and must say I still shake my head in disbelief.

Jun 19, 2013 10:48 AM #1
Rainmaker
503,000
Jim Patton
Aspire Home Real Estate 209-404-0816 - Modesto, CA
Realtor - Stanislaus ,Merced, San Joaquin Counties

Pacita - Now that's an attorney that has earned his paycheck.  I'm sure the government will do just as fine of a job running health care as it does the FHA...

Jun 19, 2013 11:05 AM #2
Rainer
288,099
John M. Scott
BRE # 01442690, Scott Keys Properties - San Francisco, CA
Broker / Owner San Francisco Bay Area

I love this lawyer Pacita. A great story - Thanks!

Jun 19, 2013 11:42 AM #3
Ambassador
2,363,740
Fred Griffin, on leave of absence from ActiveRain
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Pacita, I first heard this from John Lewis, Real Estate Professor at Florida State University.   Love it!

Jun 19, 2013 12:46 PM #4
Rainmaker
3,983,713
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Love it!  I only wondser who Pi$$ed in the Post Toasties of the FhA agent who turned down the loan!

Jun 19, 2013 01:13 PM #5
Rainmaker
592,740
Than Maynard
Coldwell Banker Heart of Oklahoma - Purcell, OK
Broker - Licensed to List & Sell - 405-990-8862

I don't want the government running anything except our military and there are times I wonder about that. (Especially after visiting with member and former members of the armed services!)

Jun 21, 2013 04:40 AM #6
Rainmaker
3,300,717
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

oh geeeez...truth IS stranger than fiction !

Jun 21, 2013 12:53 PM #7
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Rainmaker
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Pacita Dimacali

Alameda/Contra Costa Counties CA
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