Who pays for Title insurance at closing in Florida: buyer or seller?

11 Answers

  • 11 months ago

    Seller doesn't care about title insurance, but a contract can dictate who actually pays for it.

    Technically, title insurance is not a requirement for a transfer of ownership...but banks require it as they don't want any encumbrances...

  • 11 months ago

    I don't know the standard practice in Florida but I can pretty well guess at what the law says. Whatever is written in the contract is who pays the title insurance. If nothing is written in the contract then the buyer is going to have to pay for it because its their title insurance and the seller could care less if they get it.

    If the contract isn't signed yet then you need to get this negotiated in advance (probably by writing into that the other party pays and then see if they complain).

    If you are the buyer and there is a title problem or evena perceived title problem (even if its from 50 years ago or whatever) and your aren't buying the place as-is then you can ask the seller to pay for it (or part of it) as they are now unable to give good title. This isn't really true but its a decent bargaining position and may get them to split it with you (assuming you neglected to include it in the original contract).

  • 11 months ago

    In Florida, the seller generally pays, but this can be negotiable.


  • 11 months ago

    In all states either can pay.. When the contract is written it is decided on it.

    Source(s): Mortgage lender 33 years.
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  • 11 months ago

    Generally the seller, but that is an negotiable item. If it is a VA loan, the seller always pay because it is required by VA.

  • Eva
    Lv 5
    11 months ago

    Buyer pays for title insurance as the policy insures them.

  • 11 months ago

    Buyer would pay for title insurance typically, it's an insurance policy for them.

  • 11 months ago

    If you are using the FARBAR contract the seller pays unless changed by the contract.

  • 11 months ago

    Unless otherwise contracted, the buyer.

  • Anonymous
    11 months ago

    That's up to the seller and buyer to figure out. The purchase and sale agreement should specify.

    Generally speaking, the buyer pays for the lender's title insurance and the seller pays for the buyer's title insurance.

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