Prairie State Bank v. Superior Housing, Inc.

Green, J.:

Prairie State Bank (Prairie State) appeals from the trial court’s judgment determining that Deutsche Financial Services Corporation’s (DFS) prior perfected security interest in a modular home was superior to the real estate mortgage of Prairie State Bank. On appeal, we must determine the issue of priority. We conclude that DFS’s prior perfected security interest in the modular home takes precedence over Prairie State’s real estate mortgage. As a result, we affirm.

Superior Housing, Inc., (SHI) is in the business of selling mobile homes, manufactured homes, and modular homes. In 1991,…