more red tape

Discussion in 'Fred's House of Pancakes' started by barbaram, Jan 27, 2007.

  1. barbaram

    barbaram Active Member

    Joined:
    Jan 24, 2006
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    Location:
    Trenton, NJ
    Vehicle:
    2010 Prius
    Model:
    IV
    I did not bother to check this out to see if it might be true or not- it's just a good laugh, and yet sad if true!

    Part of rebuilding New Orleans causes residents to often 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.
    >

    >> 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 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 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 damn loan?"
    >> The loan was approved