FHA loan application


If you have ever wondered about the intelligence level of government
bureaucrat this will resolve your quandary!!! This is an actual case.
Found this on the net,
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... 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 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 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 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, Isabella. 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 hell you find His original claim to be satisfactory.

Now, may we have our loan?"

They got it.

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