Final answer:
The trustor is usually responsible for paying for title insurance when required by a lender in a deed of trust situation, as it ensures the title is clear for the lender's security.
Step-by-step explanation:
The most likely person to pay for title insurance when the lender under a deed of trust requires it is The trustor. Title insurance protects the lender and the buyer from any unforeseen title issues, such as liens or encumbrances, that may arise after the property is purchased. It ensures that the title to the property is clear and can be transferred without any legal complications.
While it is common for the trustor to pay for the title insurance, it is important to note that this can vary and may be negotiated between the parties involved.
When a lender under a deed of trust requires title insurance, the trustor is the most likely person to pay for it. In this scenario, the trustor, also known as the borrower, is responsible for ensuring that the title is clear and unencumbered, which protects the lender's interests in the property. Title insurance provides a safety net against any title defects that were not discovered during the initial title search and could potentially affect the lender's ability to foreclose on the property. As such, the costs are typically passed on to the borrower as part of the closing costs.