Priority of Security Interests in Fixtures

The video tutorial explains the priority of purchase money security interests in fixtures, which are personal goods that become part of real estate. It discusses the priority issues that arise during defaults, particularly who gets paid from sale proceeds. The tutorial emphasizes the importance of making a fixture filing before the fixture becomes a permanent part of the property to maintain priority over real estate holders. If the filing is not done, the security interest in the fixture is subordinated to the mortgage holder's interest.

How does the attachment of a fixture affect the priority of security interests?

What are the consequences if a secured party fails to make a fixture filing?