The Oglethorpe Company, Peachtree-Chamblee Company and the Golf Club Company v. Robert Weaver, Charles L. Goodson and Beverly B. Bates

The complaint involved in this appeal was brought to set aside foreclosure sales. The foreclosures were made pursuant to powers of sale contained in security deeds which had been assigned to the Secretary of Housing and Urban Development. The properties in question were purchased at the sales by the Secretary.

Appellants, plaintiffs in the district court, contend that the bidding at the sales was chilled. The district court granted summary judgment in favor of the Secretary on the basis that appellants had neither paid nor tendered the principal and interest admitted to be due on the…