NYC > Q&A > Buyers > Miscellaneous > Purchasing Title Insurance - Buyer Responsibility

Who is responsible for purchasing title insurance, the buyer or the seller?

Typically in NYC transactions, the buyer is responsible for purchasing title insurance to protect his / her interests in the property to be purchased. As a buyer, your attorney will select a title company and work with a representative to purchase title insurance in time for the closing.

Categories:

Buyers | Miscellaneous

Keywords:

title, title companies, title insurance

What are the main differences between title companies and how should I base my decision for which to use?

Who are the largest U.S. title insurance underwriter companies?

Real Estate Q&A Search

Disclosure (please Read): All material presented herein is intended for information purposes only and solely to help you obtain answers to general questions regarding real estate topics. It is not a substitute for or intended to be legal or financial advice. While, this information is believed to be correct, it is represented subject to errors, omissions, changes or withdrawal without notice, and Where To Live Next, Inc. (Parent of Method Properties) and its related entities and affiliates shall not be liable for any damages, losses or other claims arising out of the use of this service. As each situation presents unique circumstances, you should consult with an attorney or financial services advisor to obtain professional advice.

Who is responsible for purchasing title insurance, the buyer or the seller?

Related Q&A

Real Estate Q&A Search

Lipsum Lorem Text

Featured Q&A

What is a sponsor unit in a co-op building and what are the benefits and drawbacks of purchasing one compared with a standard resale unit?

Are broker fees for a rental apartment negotiable?

What should I look for when selecting a real estate agent to help find an apartment rental?

Have a Question?

About Ground IQ

Contact Us