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[J Davis]

My mother owns a very nice family home in Northern California (El Cerrito) that recently appraised for $1.3M. She owns the house free and clear and has owned it for about 20 years. She would like to sell her house and rent it back from the new owner at fair market value in order to continue living in the house. She is 87 years old and was diagnosed with terminal cancer a year ago. The house is in excellent condition, and my mom has phenomenal credit history for many many years.  

Questions:

Can my mom be appropriately protected by a stipulation in a purchase agreement that she may remain in the house? Or could her tenancy be incorporated as a condition of the sale? My mom has made it clear she'd like to die in her house. So I'd like to make sure her wishes can be ensured in any transaction. 

Have you heard of, or been part of, any similar scenario? Would love to hear how it transpired. 

Thank you!