Definition of Settlement:
Settlement/Closing in Orange County:
A term used to mean the close or end of a real estate transaction in Orange County. Settlement (closing) occurs when the buyers, sellers and their corresponding listing and selling agent’s sign the respective closing documents of a transaction and exchange keys and money has transferred. Settlement procedures are pretty standard in Orange County; the closing papers are signed separately by the buyers and sellers and the owner takes possession of the property after the deed has been recorded at the Orange County Recorder’s Office.