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UNITED STATES v. UNITED SERVICES AUTO. ASS'N

Civ. A. No. 82-112-N.

552 F.Supp. 547 (1982)

UNITED STATES of America, Plaintiff, v. UNITED SERVICES AUTOMOBILE ASSOCIATION, Defendant.

United States District Court, E.D. Virginia, Norfolk Division.

October 5, 1982.

Attorney(s) appearing for the Case

James A. Metcalf, Asst. U.S. Atty., Norfolk, Va., for plaintiff.

Terry H. Davis, Jr., Taylor, Gustin, Harris, Fears & Davis, Norfolk, Va., for defendant.

MEMORANDUM ORDER

MacKENZIE, Chief Judge.

The above-styled case is presently before the Court for decision on the merits. The facts are undisputed.

In 1978, Haywood acquired title to residential property in Chesapeake, Virginia. He assumed the obligations of a promissory note and deed of trust executed by the previous owners to the original lender, Virginia Investment and Mortgage Corporation (VIMC). The original mortgage loan had been guaranteed...

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