Posted by Lorna on March 24, 2000 at 19:03:20:
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FHA WANTS TITLE FROM GOD (LONG) - Posted by Jonathan Rexford
Posted by Jonathan Rexford on March 24, 2000 at 11:01:52:
I found this letter at another website that deals with Mortgage Brokers and Mortgage Lenders here is a copy in Full Text, I do not the orgin of this letter but it sure got me to laugh this day of FRIDAY. ENJOY
Jonathan Rexford Mortgage Broker/Builder
Rexford Incorporated
P. O. Box 650099
Vero Beach, Florida 32965
Office (561) 569-4087
Fax (561) 569-0279
Cell (561) 532-0029
Pager (561)458-5658
This is a letter concerning a sale of some land and a loan
to obtain the land. I found it humorous since a lawyer
actually wrote it.
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 FHA, he received the following
reply:
(actual letter)
Dear Sir;
“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)
Dear Sir;
“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 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 you find His original
claim to be satisfactory.
Now, may we have our d**n loan?”
They got it.