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FIRST AMER. TITLE INS. v. SEABOARD SAV. & L.

Record No. 811989.

315 S.E.2d 842 (1984)

FIRST AMERICAN TITLE INSURANCE COMPANY v. SEABOARD SAVINGS AND LOAN ASSOCIATION.

Supreme Court of Virginia.

April 27, 1984.

Attorney(s) appearing for the Case

David Y. Faggert, Norfolk (Elwood C. Isley, Jr., Scanelli & Shapiro, Norfolk, on briefs), for appellant.

Joseph L. Lyle, Jr., Virginia Beach (Jonathan L. Hauser, Pickett, Lyle, Siegel, Drescher & Croshaw, P.C., Virginia Beach, on brief), for appellee.

Present: All the Justices.

THOMAS, Justice.

This is an insurance contract dispute. In 1979, James W. Wright contacted Seaboard Savings and Loan Association in an effort to secure a $60,000.00 construction loan. Wright was represented by Jay H. Zimmerman, an attorney who had represented him in previous loan transactions involving Seaboard. Seaboard approved the loan subject to the requirements, set forth in its closing instructions, that Seaboard would have a first deed of trust on the property...

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