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Angie bought her first home in March of this year. Main Financial financed the purchase and holds the mortgage on the home, all fixtures now
Angie bought her first home in March of this year. Main Financial financed the purchase and holds the mortgage on the home, all fixtures now or hereafter affixed thereto and the underlying real estate. The mortgage which is not a development or construction mortgage was filed in the appropriate real property records in March On October Angie purchases new kitchen cabinets for her home on credit from Kraftmaid Cabinets, which retained an enforceable security interest in the kitchen cabinets as of that date. Kraftmaid Cabinets installed and securely fastened making the cabinets almost impossible to remove the cabinets in Angies home on October On what date do the cabinets become fixtures?
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The cabinets become fixtures on October 18th the date they were installed and securely fastened in Angies home Heres the reasoning Mortgage vs Securit...Get Instant Access to Expert-Tailored Solutions
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