BSE PAYMENTS FOR DEBTS RELATED TO PROPERTIES
July 8, 2022
BSE INTERNATIONAL LLC (“BSE”) purchases properties through normal real estate contracts, and provides full payment with one or several https://www.change2100.com/IBOE/iboe.html (“HOWSE IBOE”).
However, if law (such as may be the case with tax liens) requires another form of payment, BSE may make the payment as required, or may decline to buy the property.
A property owner selling property, once the real estate contract has been signed and all related HOWSE IBOE are issued, has de facto accepted the transfer of ownership to BSE and de facto agreed to cooperate fully with BSE in the CLEARING of related HOWSE IBOE.
Whether or not an entity receiving a HOWSE IBOE, lawfully submitted, accepts it or not, BSE shall undertake to execute the CLEARING ADDENDUM of the HOWSE IBOE.
If an entity being paid does not accept a HOWSE IBOE presented as payment, because that would impact the ability of BSE to receive free and clear title, BSE will follow the law, as per https://www.change2100.com/THIBMART/DIRECTORY-1/contents/en-us/d106_94.-UNIFORM-COMMERCIAL-CODE.html, specifically UCC 3-603-b, which clearly states the debt has been discharged through the non-acceptance, and BSE may place a lien against the property for the full amount of the real estate contract; plus, BSE may provide the funding from CLEARING to the property owner that sold the property to BSE.
Thus, non-acceptance of a payment may provide a seller additional income from the transaction!
For more information send an email to non-acceptance-of-bse-payment@change2100.com