Which party is primarily responsible for purchasing title insurance in a transaction?

The property buyer is primarily responsible for purchasing title insurance in a transaction because title insurance safeguards the buyer's interests in the property being purchased. When a buyer acquires a property, they want to ensure that the title is clear and free of any liens or encumbrances that could impair their ownership rights.

Title insurance provides protection against potential issues that may arise, such as undiscovered claims on the title, fraud, or other defects that were not identified during the title search process. By obtaining title insurance, the buyer gains peace of mind and the assurance that they will be financially protected in the event of any disputes regarding the title.

While mortgage lenders do often require borrowers to obtain title insurance to protect their investment in case of title issues, it still primarily falls under the buyer's responsibility to secure this insurance as part of the overall transaction. The seller and the real estate agent do not typically bear the responsibility of purchasing title insurance; their roles focus more on the negotiations and transfers within the transaction rather than the title protection itself.