Thorp Consumer Discount Co. v. Fleet Mortgage Corp.

By Judge James W. Haley, Jr.

In this cause, Complainant Thorp Consumer Discount Company seeks to set aside a substitute trustee’s foreclosure sale at which Respondent Khalid Khadduri purchased residential real estate titled in the name of Fred Battle, Jr., and Deloris A. Battle, his wife, and located in Stafford County. Thorp contends a substitute trustee was improperly appointed and that the sale price was inadequate.

Thorp was a second trust noteholder in the principal sum of $54,500.00. The first trust was held by Fleet Mortgage Corporation in (he principal amount of $38,000.00. On March 17,…