American Small Business Investment Co. v. Frenzel

On April 4, 1962, Frank E. Saunders and his wife conveyed to Thomas R. Rees two separate but adjoining parcels of land in Loudoun County, parcels A and B. On the same day, Rees and his wife placed a deed of trust on parcel A, conveying it in trust to Wilbur C. Hall, Trustee to secure a debt. Parcel A consisted of approximately 20.25 acres while parcel B consisted of approximately 5 acres. Both parcels were bounded on the northeast by state route 7 and parcel B was bounded on the southeast by state route 654.

On August 6, 1965, the Commonwealth, by condemnation proceedings, took title to…