RECR's Blog: FRIDAY FUNNIES --- Property Attorney VS. FHA

FRIDAY FUNNIES --- Property Attorney VS. FHA

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.

25 commentsClint Miller • January 29 2010 12:57PM

Comments

That is hilarious!!  I would have loved to hear the other end of that response!!

Posted by Donna Harris, REALTORĀ® & ASP - Hill Country Austin Lakeway Homes (RE/MAX Austin Skyline) about 1 month ago

Donna -- I know!! :-) I was literally LOLing at my office reading this.

Posted by Clint Miller (Real Estate Client Referrals, LLC (RECR)) about 1 month ago

Now that is funny! :)

Posted by Roger Johnson, Realtor - Hickory NC Real Estate (CENTURY 21 American Homes) about 1 month ago

Roger -- Amen!

Posted by Clint Miller (Real Estate Client Referrals, LLC (RECR)) about 1 month ago

This is the best thing I've read all week.  Nice find Clint.  #YouDaMan

Posted by Austin Smith - Goomzee.com (Goomzee) about 1 month ago

Austin -- Thanks, homie! Loved it!

Posted by Clint Miller (Real Estate Client Referrals, LLC (RECR)) about 1 month ago

Sure, but did God execute a Warranty or Quitclaim Deed?  Makes a difference, ya know. :)

Good stuff, Clint!

Posted by Derek Massey (Mid-Atlantic Settlement Services) about 1 month ago

Derek -- LOLing again!! Leave it to a lawyer to come up with a retort...LMAO!

Posted by Clint Miller (Real Estate Client Referrals, LLC (RECR)) about 1 month ago

Well he covered ALL his bases. He went over and above for the sak of his client.

Posted by Robert L. Brown~Grand Rapids Real Estate Bellabay Realty, West Michigan (www.mrbrownsellsgr.com) about 1 month ago

Robert -- That is for certain. :-)

Posted by Clint Miller (Real Estate Client Referrals, LLC (RECR)) about 1 month ago

This is awesome!  What a great way to end a tough week!  Thanks, Clint!

 

 

Posted by Marcy Eastham (Town & Country Realty Corvallis Oregon) about 1 month ago

Unbelievable!  I think FHA picked the wrong guy to give a hard time to.  I loved his explanation.  And I love your sense of humor.  Thanks for the post! :-)

Posted by Dawn Fabiszak, CRS, GRI, CNE (Keller Williams Real Estate) about 1 month ago

Very funny! Talk about due diligence :)

Posted by Diane Guercio (TQI Consulting ) about 1 month ago

Now that is a great and funny story...thanks for sharing with us.

Posted by Rebecca Gaujot Lewisburg WV Realtor (Coldwell Banker Stuart & Watts Real Estate) about 1 month ago

A good one indeed.

Posted by Steve Kappre, Gloucester - Camden County NJ Mortgage Loan Officer | 856-419-3561 (Treasury Mortgage | Mortgage Company - New Jersey) about 1 month ago

Hi Clint:  Our managing broker closed out an office meeting some months ago by reading this and it was a hit!  If you haven't already, read it out loud to somebody.  It's a great story.

Posted by Kirsten Lindquist (Sotheby's International Realty-Wine Country Brokerage) about 1 month ago

This is hillarious.

Loan approved.

Gee, at least she read it.

Posted by Missy Caulk-Ann Arbor- Realtor(R)- Ann Arbor Real Estate (Keller Williams-Ann Arbor) about 1 month ago

A lawyer with a sense of humor. I love it. I'd like to see the expression on the face of the FHA guy who first opened the letter. 

Posted by J. Philip Faranda (J. Philip LLC) Westchester County NY about 1 month ago

Very Funny Clint, Thanks for brinig this one to us.

Bill

Posted by Bill Jones - RealtorĀ® (403-701-1739) Airdrie & Calgary Area Homes and Condos (Century21 Castlewood Agencies - "Homes By Jones") about 1 month ago

This has been floating around for awhile but it is still funny!

Posted by Cindy Jones-Northern Virginia Real Estate & Military Relocation Services (RE/MAX Allegiance #1 RE/MAX Company in the World) about 1 month ago

Marcy -- Glad you liked it!

Dawn -- Thank you so much for your kind words! Very appreciated!

Diane -- Yeah, that is going above and beyond, I think. ;-)

Rebecca -- You are welcome!

Steve -- I thought so!

Kristin -- Read it to the office already. :-)

Missy -- Yeah...I dont think you can even argue with the guy...

Philip -- Im sure the FHA dude had to remove his jaw from this desk...lol

Bill -- Youre welcome

Cindy -- Yeah, I found it on a TruliaVoices thread from about 3 years ago. Thought it was worth resurrecting.

Posted by Clint Miller (Real Estate Client Referrals, LLC (RECR)) about 1 month ago

That's a great story. Leave it to the government agencies.

 

Jeff

Posted by Jeff Dowler ~ Carlsbad Real Estate ~ 760-840-1360 (RE/MAX Moonlight Beach (CA DRE Lic. # 01490977)) about 1 month ago

Jeff -- I know, right? :-)

Posted by Clint Miller (Real Estate Client Referrals, LLC (RECR)) about 1 month ago

This is great!  Thanks for "resurrecting" it (and I'm sure that comment had nothing to do with God being the original owner...)!

Posted by Monica Murphy, ASP, IAHSP, RESA (Preferred Staging, LLC) about 1 month ago

Monica...not sure if I should laugh or groan. :-) TY for the kind words! :-)

Posted by Clint Miller (Real Estate Client Referrals, LLC (RECR)) about 1 month ago

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