Escrow & Title
In Maine, which party typically pays for the owner's title insurance policy in a residential transaction?
AThe buyer's lender
BTypically the buyer, though it is negotiable in Maine✓ Correct
CAlways the seller
DThe title insurance company
Explanation
In Maine, who pays for the owner's title insurance policy is negotiable between buyer and seller. Unlike some states where custom dictates one party always pays, Maine transactions vary by local custom and contract negotiation.
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