Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: SATURDAY, March 16, 1991                   TAG: 9103160371
SECTION: VIRGINIA                    PAGE: A-5   EDITION: BEDFORD/FRANKLIN 
SOURCE: David M. Poole
DATELINE:                                 LENGTH: Short

SPEEDWAY OWNER KEEPS HIS HOUSE

Although the house was advertised to be sold Friday on the steps of the Roanoke County courthouse, trustee Charles Dorsey appeared at the auction and said that "the deed of trust holder has instructed me not to proceed with the sale."

But Dorsey did auction a second property on U.S. 220 that Taylor also owned. That property was bought by Crestar Bank - the only bidder - for $50,000.

Dorsey said he could not discuss any agreement that may have been reached between Taylor and Crestar Bank on the sale of his house.

Taylor had said Thursday that Crestar Bank would call off the auction at the last minute. He could not be reached for comment Friday.

Taylor said the Hunting Hills home had been sold for $240,000 to pay off a $170,000 mortgage and that the payments were up to date on the U.S. 220 property.

"They're just trying to pull a fast one," Taylor said of Crestar Bank.

In November, Taylor petitioned the U.S. Bankrutcy Court for protection from creditors to block a foreclosure auction of the Franklin County Speedway property in Callaway.

Taylor later worked out a plan to repay loans totaling $170,000 on the property. The bankruptcy petition was released on Jan. 14.