12-01-2009, 11:50 PM
If B's credit is good and he's got the money, why not do it as a purchase of the home by B with the loan solely in B's name, followed by a lease of the premises to A with rent sufficient to cover B's loan payments, taxes and insurance?
Consult an attorney for the fine-points, but the lease agreement can be structured to mimic the effects of one of those other arrangements with rules for assigning the burden of maintenance and the results of improvements, automatically renewing on the same terms (or making amendments) and giving A the right of first refusal if B decides to sell the place.
Consult an attorney for the fine-points, but the lease agreement can be structured to mimic the effects of one of those other arrangements with rules for assigning the burden of maintenance and the results of improvements, automatically renewing on the same terms (or making amendments) and giving A the right of first refusal if B decides to sell the place.