YAFFE v. HERITAGE SAV. & LOAN ASS'N

Record No. 850763.

369 S.E.2d 404 (1988)

Ronald H. YAFFE v. HERITAGE SAVINGS & LOAN ASSOCIATION, et al.

Supreme Court of Virginia.

June 10, 1988.


Attorney(s) appearing for the Case

Hugh T. Antrim, Christopher M. Malone; Perkins Wilson; Thompson & McMullan, Richmond, on briefs, for appellant.

William S. Smithers, Jr., R. Paul Childress, Jr.; Kimberly S. Wright; Thompson, Smithers, Newman & Wade, Richmond, on brief, for appellees.

Present: All the Justices.


RUSSELL, Justice.

This appeal raises questions concerning the finality of an auction sale, the binding nature of the contract formed by its completion, and whether a trustee, personally conducting a foreclosure sale under a deed of trust, has authority to bind the highest bidder by making a written memorandum which will satisfy the statute of frauds.

I. Facts

Heritage Savings and Loan Association (Heritage...

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