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The video tutorial discusses how to make a name change on a contract. If the change is due to marriage or divorce, a name affidavit can be prepared by the title company. It is important for the lender to be informed about the name change, as it may affect the loan underwriting process. The ID used at closing must match the new name, so it is necessary to update state-issued ID or passport before closing. If the change is not just a change of name but of buyers, an addendum to the contract may be needed.