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  1. #1

    Exclamation Changing a Real Estate Contract During Escrow

    Hello,

    Have a quick question, hopefully someone can shine some light on this.

    Can a Real-estate purchase contract that has been signed and is in escrow be changed to add an additional buyer by adding an addendum?

    The house is already in escrow, however the buyer "Jane Doe" wants to add her son "John Doe" as a Buyer. Can a addendum be added something along the lines of

    " Jane Doe will be known as (Jane Doe and John Doe) All other terms remain the same."

    Is this a legal way to add an additional buyer or would a new contract need to be issued?

    What is the proper and legal way to do this?

    This pertains to the state of AZ .

  2. #2
    Join Date
    Sep 2005
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    Default Re: Changing a Real Estate Contract During Escrow

    Why complicate things? Why can't mom simply add junior as a co-owner after she completes the purchase?

    Given that you chose not to follow the instruction to identify the state involved, we're not in a position of being able to direct you to your state's laws.

  3. #3
    Join Date
    Oct 2009
    Posts
    158

    Default Re: Changing a Real Estate Contract During Escrow

    Quote Quoting Mr. Knowitall
    View Post
    Why complicate things? Why can't mom simply add junior as a co-owner after she completes the purchase?

    Given that you chose not to follow the instruction to identify the state involved, we're not in a position of being able to direct you to your state's laws.
    (It's in Arizona.)

    I was thinking the same.

    Is there a real estate brokerage involved in the transaction? If so, they should know the proper addendum to accomplish this task.

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