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Marc Cleverley
  • Homeowner
  • Houston, TX
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Buyer name change addendum after contract execution

Marc Cleverley
  • Homeowner
  • Houston, TX
Posted

Has anyone ever changed the name of the buyer from an individual to a company the individual owns after execution of the contract? All happening of course before closing.

Example:

John Smith is buying 123 Easy Street

Bank addendum is submitted before closing to change to

Investment Company LLC (which John Smith is a partner of) is buying 123 Easy Streeet

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J Scott
  • Investor
  • Sarasota, FL
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J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied

In my experience, it's unlikely the bank will agree. I've seen it happen, but it's more likely with a smaller bank and during a contingency period.

Also, it's not my experience that a bank would rather see an investor offer in a personal name vs an entity.

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