Discuss purchase the title insurance before the closing, Accounting Basics

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Discuss purchase the title insurance before the closing

Question: Brandon and Summer are purchasing a home for $160,000 that is valued at $185,000. Brandon plans to make home repairs to increase the value of the home. Brandon and Summer are obtaining a $120,000 mortgage loan from the lender. Brandon's parents gave them $20,000 toward the down payment. Brandon and Summer must purchase the title insurance before the closing. a. True b. False

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Accounting Basics: Discuss purchase the title insurance before the closing

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Accounting Basics: Discuss purchase the title insurance before the closing

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