Escrow & Title
Which party typically purchases the owner's title insurance policy in a Mississippi residential transaction?
AIt is always the buyer's responsibility
BIt is always the seller's responsibility
CIt is negotiated between buyer and seller, often paid by the seller as part of local custom✓ Correct
DIt is paid by the mortgage lender
Explanation
In Mississippi, who pays for the owner's title insurance policy is a negotiable item in the purchase contract. Local custom may favor the seller paying, but it is ultimately a matter of negotiation.
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