[2088] in Humor

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HUMOR: Property title

daemon@ATHENA.MIT.EDU (abennett@MIT.EDU)
Tue May 27 09:49:46 1997

From: <abennett@MIT.EDU>
To: humor@MIT.EDU
Date: Tue, 27 May 1997 09:40:08 EDT


Date: Mon, 26 May 1997 20:25:38 -0700
From: Connie Kleinjans <connie@interserve.com>
From: Christopher Hapka <Christopher_Hapka@next.com>
From: Tony Frey <tfrey>

 A New Orleans lawyer sought an FHA (Federal Housing Administration)
 loan  for a client.  He was told that 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:
 "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 prepared and presented the
 application, we must point out that you have only cleared the Title
 to the proposed collateral property back to the year 1803.  Before final
 approval can be accorded, it will be necessary to clear the title
 back to it's origin."

 Annoyed, the lawyer responded as follows:
 "Your letter regarding Titles in Case No. 189156 has been received. I
 note that you wish to have Titles 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
 arena, 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. I hope you are satisfied. Now, may we have our Title?"

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