Escrow & Title
A Wisconsin buyer's lender requires title insurance. Who typically pays for the lender's title policy?
AThe seller, by Wisconsin custom
BThe buyer, as it protects the lender's interest✓ Correct
CDSPS from the state trust fund
DThe title company absorbs the cost
Explanation
The lender's title insurance policy protects the lender's mortgage interest. By custom and lender requirement, the buyer pays for the lender's title policy as a closing cost.
Related Wisconsin Escrow & Title Questions
- A 'cloud on title' in Wisconsin refers to:
- Under Wisconsin law, a homebuyer's closing costs are typically paid:
- A Wisconsin property with a tax lien for delinquent property taxes has a lien that is:
- In Wisconsin, real estate closings are typically conducted by:
- A Wisconsin 'insured closing letter' (also called a 'closing protection letter') from a title company protects the lender from:
- A Wisconsin title insurance policy that covers against 'forgery' in the chain of title means the insurer will:
- A Wisconsin title search examines public records to determine:
- A Wisconsin 'commitment for title insurance' is issued after the title search and:
Practice More Wisconsin Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wisconsin Quiz →