Funding a family member's purchase

[Tawny Bloom]

I might entering new territory and need some guidance.  My husband and I might be the primary lender to my mom to help her purchase a property  as her primary residence.  We want this to be a formal loan and make sure that it is set up correctly and is also easy to manage.  Are there any tools out there to help?

[JD Martin]

OK, another question: why not just buy it outright, in your name, and require her to refinance within X years? If she is throwing money into the mix, have it titled in your name and give her X time to refinance, within which time if she does not/cannot you can sell and return her investment to her, minus any losses. 

You really need the services of an attorney on something like this. You don't want to use Legal Zoom.