Escrow & Title
In a Mississippi commercial real estate transaction, which party typically pays for the lender's title insurance policy?
AThe lender
BThe buyer/borrower✓ Correct
CThe seller
DThe title company
Explanation
The buyer/borrower typically pays the premium for the lender's title insurance policy as part of their closing costs, even though the policy protects only the lender's interests.
Related Mississippi Escrow & Title Questions
- A 'certificate of title' in Mississippi differs from a title insurance policy in that:
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