|
A recorded lien against the property is generally going to have to be in a dollar amount.
You could set up a partnership, wherein you are a partner, and then transfer the property to the partnership. But that's way more complicated then simply recording a deed of trust against the property.
You are resistant to record a deed of trust against the property, but have not given any good reasons for not doing it. It will not disrupt any potential sale of the property, doesn't really "complicate" title and won't disrupt his current financing (it would be junior to his current financing). It wouldn't even necessarily disrupt *future* financing, as you could, if you wanted, simply subordinate your lien to any future lender.
The lien/trust deed really is no big deal, and is the easiest way to fully protect yourself (assuming there currently is equity in the property, and enough equity to survive any downturn in prices that may occur).
|