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VNB MORTG. CORP. v. LONE STAR INDUSTRIES, INC.

209 S.E.2d 909 (1974)

VNB MORTGAGE CORPORATION (formerly Mortgage Investment Corporation) et al. v. LONE STAR INDUSTRIES, INC., et al.

Supreme Court of Virginia.

December 2, 1974.

Attorney(s) appearing for the Case

James C. Howell, Norfolk (William P. Dickson, Jr., Willcox, Savage, Lawrence, Dickson & Spindle, Norfolk, on brief), for appellants.

Victor A. Altman, Washington, D. C., Robert E. Gillette, Suffolk, Allan D. Zaleski, William E. McCardell, Jr., Norfolk, Robert C. Barclay, III, Portsmouth, William A. Cox, III, Norfolk (V. Alfred Etheridge, Jr., Virginia Beach, Stuart L. Nachman, George J. Viertel, Norfolk, Joshua Pretlow, Suffolk, Charles E. Jenkins, II, S. Beryl Adler, Edwin C. Kellam, Norfolk, H. Thomas Fennell, Jr., Portsmouth, E. Everett Bagnell, Suffolk, Walkley E. Johnson, Jr., Geoffrey F. Birkhead, Norfolk, William S. Tennant, J. H. Krug, Krooth & Altman, Washington, D. C., Crenshaw, Ware & Johnson, Kellam, Pickrell & Lawler, Goldblatt, Lipkin, Cohen, Anderson, Levy & Jenkins, Adler & Kantor, Norfolk, Shapiro & Gillespie, on briefs), for appellees.

Before I'ANSON, C. J., and CARRICO, COCHRAN, HARMAN, POFF and COMPTON, JJ.

COCHRAN, Justice.

Spring Construction Co., Inc. (Spring), one of the appellees herein, was general contractor under contracts with appellees Cogic Homes, Inc., and Parker-Riddick Village, Inc. (collectively, the Owners), for the construction of two housing developments in the City of Nansemond. The construction was financed by appellant, VNB Mortgage Corporation (formerly Mortgage Investment Corporation) (VNB), which held deeds of trust on each of the properties to...

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