Priority of Security Interests in Fixtures vs Mortgage Holder

The video tutorial discusses the priority of security interests in fixtures versus real estate. It explains the conflict between the security interest of a mortgage holder and that of an individual in a fixture. To maintain priority over a mortgage holder, the debtor must have a recorded interest or possession of the property, the secured party must hold a purchase money security interest, and a financing statement must be filed within 20 days of the fixture attaching. If these conditions are met, the holder of a purchase money security interest in a fixture can maintain priority over the mortgage holder.

What is a fixture filing and when must it be filed?

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What happens if all elements for maintaining priority are met?

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