Taking over a mortgage for a relative in distress.

[Chaliyah Penick]

I have a relative that is up in age and no longer able to afford the mortgage and are falling behind. They have a balloon payment for the principal due in 10 years. How do I help them stay in the house, while getting the deed in my name? I would like to work out a payment plan whereby they pay me while I have control of the rights to the mortgage then in 10 years I pay off the principal. What are the steps to getting this accomplished? How do I protect myself in this situation, while also helping a relative? If anyone has experience with taking over a mortgage, I’d appreciate your insight. 
Thanks so much.