1. Home
  2. Browse Decisions
  3. S.E.2d
  4. 286 S.E.2d
  5. 286 S.E.2d 215 (1982)
 

LIPPS v. FIRST AMERICAN SERVICE CORP.

Record No. 800908.

286 S.E.2d 215 (1982)

Albert B. LIPPS, et al. v. FIRST AMERICAN SERVICE CORPORATION, et al.

Supreme Court of Virginia.

January 22, 1982.

Attorney(s) appearing for the Case

Joseph E. Bankert, Alexandria, Robert E. Swan, Oakton (Brock & Bankert, Alexandria, on brief), for appellants.

Richard R. Nageotte, Woodbridge (Carol L. Hill, Robert J. Zelnick, Nageotte, Borinsky & Zelnick, Woodbridge, on brief), for appellees.

A. J. Brent; Lee F. Davis, Jr.; Peter E. Broadbent, Jr.; Christian, Barton, Epps, Brent & Chappell, Richmond, on brief, amicus curiae Virginia Savings and Loan League, for appellee.

Before CARRICO, C. J., COCHRAN, POFF, COMPTON, THOMPSON and STEPHENSON, JJ., and HARRISON, Retired Justice.

THOMPSON, Justice.

In this appeal we determine the validity of a "due-on sale" acceleration clause in a deed of trust. The trial court upheld the validity of the clause, and we affirm that judgment.

On July 27, 1976, Albert B. Lipps and Judith W. Lipps (Borrowers) executed a deed of trust conveying residential real estate in Prince William County to secure First American Savings and Loan Association (Lender) the payment of a promissory note for $31,500 with...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases