Escrow & Title
In an Oregon real estate transaction, a 'buyer's closing costs' typically include which of the following?
ATitle insurance owner's policy (always paid by seller)
BLoan origination fees, appraisal, title insurance (lender's policy), prepaid interest, and escrow fees✓ Correct
COnly the real estate commission
DProperty transfer taxes and commission
Explanation
Oregon buyers' closing costs typically include: loan origination and processing fees, appraisal, lender's title insurance, prepaid interest, property taxes and insurance impounds, escrow/settlement fees, recording fees, and homeowner's insurance. In Oregon, there is no state transfer tax.
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