Legal Antics of the Federal Housing Authority
Some years ago, a New Orleans lawyer sought a direct Federal Housing
Authority loan for a client. He was told that the loan would be
approved if he could provide proof of clear title to the property
offered as collateral. The title for the property in question was
complicated and he spent a considerable amount of time reviewing
all pertinent documents back to 1803. Satisfied with the depth and
expanse of his examination, he submitted the information to the FHA.
He soon received a reply from the FHA.:
"We received your letter today enclosing application for a loan for
your client, supported by abstract of title. The application forms are
complete, but you have not cleared the title before the year 1803.
Therefore, before full review and possible approval can a be accorded
the application, it will be necessary that the title be cleared back
before that year."
Annoyed, the lawyer wrote the FHA.:
"Your letter regarding titles in case #9378329 received. I note
that you wish titles extended further back than I have presented.
Your attention is invited to the following information to update
your records for the property prior to 1803:
a) I was unaware that any educated person would not know that the
United States gained clear title to Louisiana from France in 1803.
This title transfer was a result of a real estate transaction known
as The Louisiana Purchase.
b) France gained clear title to Louisiana by right of conquest
from Spain under the Treaty of San Ildefonso (1800).
c) The land came into the possession of Spain by right of discovery
in 1492 by a sailor named Christopher Columbus. He was acting
on behalf of Isabella, Queen of Spain, and had her permission to
claim newly discovered lands for Spain.
d) The good Queen, being a pious woman and careful about titles -
almost as careful as the V.A.- took the precaution of securing the
blessing of the Pope before authorizing the voyage.
e) The Pope is a servant of God; God created the world.
f) Therefore, I believe that it is safe to presume that God created
title that part of the world called Louisiana and thus was the
original holder of the property in question.
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