In a real estate transaction, who is typically responsible for providing title insurance?

In a real estate transaction, the seller is typically responsible for providing title insurance. This insurance protects the buyer and the lender from any issues that may arise related to the title of the property, such as liens, encumbrances, or ownership disputes that were not disclosed before the sale.

The seller usually procures the title insurance policy as part of their obligation to deliver clear and marketable title to the buyer upon closing. This ensures that the buyer receives the property free of any legal claims or potential disputes that could affect ownership rights.

While buyers often buy their own title insurance policies to provide additional protection, particularly for their lenders, the seller's role in providing the initial title insurance policy is a customary practice in many real estate transactions. This arrangement also aids in smoothing the closing process, clarifying ownership, and setting expectations for both parties involved in the transaction.