Escrow & Title
In Michigan, a 'buyer's title policy' (owner's policy) is typically paid by:
AThe buyer's lender
BCustom varies by region but is often negotiated; in some Michigan counties it is customary for the seller to pay✓ Correct
CThe title company
DThe county government
Explanation
In Michigan, who pays for the owner's title insurance policy varies by local custom. In some areas the seller traditionally pays, in others the buyer pays, and it is always negotiable as part of the purchase agreement.
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