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Updated over 1 year ago,
Buyer wants to change buyer name to an LLC last minute
Selling a property and went under contract in early July scheduled to close in two weeks.
So far all contingencies have been met and suddenly the buyer wants to sign an addendum for a name change from "John Doe" to "whatever LLC".
Since the buyer is seeking financing from a conventional lender, and I think most residential lenders do not lend to LLCs, I am thinking the name change will cause the loan to be denied, and my attorney suspects this may be a way for the buyer to seek to exit without any penalty.
It seems unusual to do a name change like that in the last minute, any thoughts on the best way to navigate this