Bank of Commerce v. Waddell

MATHERNE, Retired Judge.

The issue is whether, under the facts, a security interest noted on a certificate of title as first lien on a mobile home prevails over a lien created by a subsequent deed of trust which conveyed the realty upon which the mobile home was located. The chancellor held that the mobile home became a part of the realty and that the security interest noted on the certificate of title became unperfected because the holder failed to file a continuation statement as required by Section 47-9-403, Tennessee Code Annotated. Judgment was entered in favor of the holder of the lien…