You can use an addendum to change the identity of the buyer - but you must also notify your title company so that they can perform searches under that name.
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You can use an addendum to effect the change in the identity of the Buyer, however, it would probably be easier just to do an amended escrow instruction.
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Yes, the name of the buyer can be changed using an addendum to the purchase agreement, and an amendment to the escrow instructions so that the escrow company can prepare a new grant deed with the correct vesting information. It does not otherwise change the terms of the original contract.
Frank W. Chen has been licensed to practice law in California since 1988. The information presented here is general in nature and is not intended, nor should be construed, as legal advice for a particular case. This Avvo.com posting does not create any attorney-client relationship with the author. For specific advice about your particular situation, please consult with your own attorney.