Q: I have 1 buyer on the purchase contract. The lender just told me the buyer's spouse would like to be on title but not
the loan. Do I need an addendum to the purchase contract adding the spouse on as a Buyer even though they are not on the loan?
A:
You should confirm with the title/escrow company, but basically you can have the contract reflect anything you want, such as title owners, lenders, etc.
In essence if you are just selling the property, you just want it to go to somebody else, no matter if it is one owner or two in the title.
For safety you should make an amendment, referring to the clause where the owner is listed.
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