Escrow & Title
In South Carolina, who is typically responsible for paying for the owner's title insurance policy?
AThe buyer, as it protects their ownership interest
BThe seller, as part of their obligation to deliver marketable title✓ Correct
CThe lender, as they require it for loan approval
DIt is split equally between buyer and seller
Explanation
In South Carolina, it is customary for the seller to pay for the owner's title insurance policy, as it is part of the seller's obligation to deliver clear, marketable title. However, this is negotiable and can be specified otherwise in the purchase contract.
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