Base lines, meridians, and townships are elements of which system of property description?1/30/2024 ![]() On this page we have tried to give you commonly used definitions used in land surveying. Not only Land Surveying, but also code authorities have specific definitions assigned to terms. Getting all paperwork in order – The escrow agent will prepare the final settlement statements for the closing meeting.Every Profession has terms specific to the profession. ![]() Obtaining property insurance – The escrow agent will verify that the property is insured up to its replacement value.Ordering the complete title search and title insurance – As we mentioned earlier, the escrow agent will order a preliminary report, which will be sent to the lender and the buyers for approval. ![]() The lender will send all of the documents to the escrow agent who will set up a time with the buyers to review and sign the documents, which will then go back to the lender to arrange the funding. The lender will also give the buyers an estimate of their closing costs using the Loan Estimate Form.
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