base lines, meridians, and townships are elements of which system of property description?

Its basic units of area are the township and section. Getting all paperwork in order – The escrow agent will prepare the final settlement statements for the closing meeting.The Public Land Survey System (PLSS) is a method used in the United States to survey and identify land parcels, particularly for titles and deeds of rural, wild or undeveloped land.

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. Arranging and approving financing – When the lender approves the buyers' loan, the lender will outline the exact terms of the loan and set an expiration date for the loan commitment.If the lender required any repairs, the sellers will have to prove to the lender they were made. If repairs are needed, the buyers and sellers may have to negotiate – as we discussed when we talked about contingencies in an earlier chapter. Ordering pest control and other inspection reports – Reports will be sent to the buyers through their agent, who may provide a copy to the lender.If the buyers or sellers want to know the results, their agents must contact the lender. Getting an appraisal – The appraisal report will be sent to the lender.

Base lines, meridians, and townships are elements of which system of property description?