Charleston · Finance
Who pays for title insurance on Summerville?
Who pays for title insurance on a Summerville purchase is a term negotiated in the contract, though local custom often has the buyer pay for their own owner's policy while also covering the lender's required policy on a purchase loan. That custom can be negotiated differently, so the actual party responsible depends on what the specific contract says. A buyer's attorney reviews and confirms this line item before closing so there are no surprises. Brian Beatty can point a Summerville buyer to that section of the contract before it is signed.
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