Escrow & Title
In New York, who typically pays for the owner's title insurance policy?
AThe seller, as it is customary in most New York counties✓ Correct
BThe buyer, as required by New York law
CThe lender
DIt is always split 50/50 between buyer and seller
Explanation
In most New York counties, it is customary for the seller to pay for the owner's title insurance policy. However, in New York City, it is generally the buyer who pays.
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