when wholesaling a reo is it possible to get the bank to pay for the title insurance policy? or will that just be incuded in the closing cost? (on an all cash deal)…
it is negotiable per the contract terms.
Standardly, at least here in Michigan, the SELLER pays for the Owner’s Policy of Title Insurance and the Buyer pays the lender policy, if they are getting a loan.
If you are a cash buyer, then there is only the Owner’s Policy, which is usually paid for by the seller, as I said.
Hope that helps.