Sal paid his annual homeowners insurance on January 10th. He eventually sells his property on March 27th. How will Sal's homeowners insurance be categorized on the settlement statement?

Sal will receive a credit for the homeowners insurance paid after March 27th.

The buyer will receive a credit for the homeowners insurance paid after March 27th.

The buyer will receive a debit for the homeowners insurance paid after March 27th.

Sal will receive a debit for the homeowners insurance paid after March 27th.