Escrow & Title
In a California real estate transaction, who typically pays for the owner's title insurance policy?
AAlways the buyer
BAlways the seller
CCustomarily the seller in Southern California and the buyer in Northern California, but it is negotiable✓ Correct
DThe lender, as a condition of the loan
Explanation
Title insurance customs vary by region in California. In Southern California, it is customary for the seller to pay for the owner's title insurance policy. In Northern California, it is typically the buyer who pays. However, this is always negotiable between the parties and may be specified in the purchase agreement.
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