Escrow & Title
In Arizona, the seller typically pays for which of the following title insurance policies?
AThe lender's title insurance policy (ALTA loan policy)
BThe owner's title insurance policy (ALTA owner's policy)✓ Correct
CBoth the lender's and owner's policies
DNeither; the buyer pays for all title insurance in Arizona
Explanation
In Arizona, by custom the seller typically pays for the owner's title insurance policy, while the buyer pays for the lender's title insurance policy. However, this is negotiable and varies by county and transaction.
Related Arizona Escrow & Title Questions
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