Priority: Fixtures

Question 1

SI Fixtures vs. Real Property Interest

Answer 1

SI in fixtures has priority over interest in real property IF SECURED PARTY FILES FIXTURE FILING before real property interest recorded

Question 2

Fixture Filing

Answer 2

Financing statement filed in LOCAL REAL PROPERTY RECORDS

Question 3

PMSI in Fixtures vs. Real Property Interest

Answer 3

PMSI in fixtures has priority over a real property interest if:

(1) Perfected by fixture filing before goods become fixtures; or
(2) Perfected by fixture filing, within 20 days after the goods become fixtures

Question 4

Perfected SI in Fixtures vs. Subsequent Judicial Lien

Answer 4

Perfected SI in fixtures has priority

Question 5

SI in Fixtures vs. Construction Mortgage

Answer 5

Prior construction mortgage has priority if recorded BEFORE goods become fixtures