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The video tutorial addresses how to make a name change on a contract. The approach varies depending on whether it is a change of the original buyer's name or a complete replacement of the buyer. In the case of a simple name change due to marriage or divorce, a name affidavit can be prepared by the title company. It is crucial to inform the lender about the change, as it may impact the loan underwriting process. Furthermore, the ID used at closing must match the new name, emphasizing the need to update state-issued IDs or passports beforehand.
