If she owns the property free and clear you'd file a lien and then the title would become a trust deed with you as the lien holder. But you'd still have to comply with truth in lending. If she defaults, or you fail to make the payments she could sue your pants off for breach of contract. If you stand "second", which I think this is the case, then you'd better be very careful. Depending on the mortgage you could be left out in the cold if the first files a default before you do.
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