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Okay. What is the priority of the holder of a purchase money security interest or any security interests for that matter in a fixture? Well a fixture abouts very nature is a personal good that is going to attach to and become a permanent part of the real estate. So when you have real estate that is subject to a security interest a mortgage. And then you have this personal property the fixture that attaches to it it creates priority issues to what happens in the default, who has priority to payment from the proceeds of sale. Well now that the fixture is attached to the property and non movable it becomes one with the property so unless the secured party that is the party with the security interest in the fixture makes a fixture filing in the appropriate government office prior to the fixture becoming a permanent attachment to the property. If they do that before it becomes a permanent attachment to the property they maintain priority that is they will be paid the value of their fixture
