what would the tax ramifications be and how would be the best way to do it?1> At what price? fair market price?If so the tax ramifications would be the same as if it were unrelated parties. (ex: likely cap gains for the seller, mortgage points and interest deductions for the buyer)2> Why purchase it? Is this DIY estate planning? If so - DON'T. Find out what's the best way to keep the most money in the family after she dies. (which may be to just have the house willed to him - ASK A LAWYER) It'll cost you a few hundred to have the lawyer explain the options, but if you make a mistake it can cost you thousands.
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