Forester v. Young

This case involves the validity of a sale under power contained in a security deed.

The appellant, G. M. Forester, executed first and second deeds to secure debt on his property. The first was executed on November 1, 1951, to the Piedmont College Endowment Fund ("Piedmont”) to secure a loan of $3,250, due November 1, 1959. The second was executed to Louis M. Young on August 20, 1954. The second deed and underlying note both recited that they had been given for a consideration of $1,947.52 and were due August 20, 1955. Forester defaulted on both debts.

On May 15, 1962, Piedmont assigned its…