In Illinois by convention, the seller is responsible for the title policy. Just like by convention 105% is the estimated tax proration for unknown taxes. That can go up or down. Clear title and insurance that the title is not clouded is really important and as a buyer you dont want a titile policy with a lot of conditions on it. Your lender wont like it either and might not underwrite the loan. Attorneys are agents for the title company and betweeen the two attorneys this matter should be handled to protect your best interests.
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