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Updated almost 13 years ago on . Most recent reply

Buyer name change addendum after contract execution
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
Most Popular Reply

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.