Hi there... my son is buying his first home... he is a bachelor, just out of college. My husband and I are giving him $40,000 for a downpayment on this home. He is getting the loan in his name. All we want is to have our names on the deed; i.e. Tommy Jones, Harry Jones, Mary Jones so that if he sells it we will get our money back and he can have the remainder. He wants to establish credit and live in this house for about 10 years while he is working on a ph.d. degree and then possibly sell it. What are the ramifications of this putting our name on the deed... do we have to do anything special in order to have our names put on the deed? And, is it true that he cannot sell it without our agreement or get a second mortgage, etc? Please give me any thoughts and problems you see might come our way if we do this. Thanks! Xoxo