My entities: ( the PersonModel should have an address on type AddressOne or AddressTwo (and maybe others) so the PersonModel has an object type for the address field. )
public class Person
{
    public int PersonId { get; set; }
    public string Name { get; set; }
    public string Surname { get; set; }
    public object Address { get; set; }
}
public class AddressOne
{
    public string Street { get; set; }
    public string City { get; set; }
}
public class AddressTwo
{
    public string Province { get; set; }
    public string State { get; set; }
}
the models: (I pass an hidden field in typeOfAddress to match the correct address after the form submit)
public class PersonModel
{
    private System.Type _typeOfAddress;
    private object _address;
    [Required]
    public int PersonId { get; set; }
    [Required]
    public string Name { get; set; }
    [Required]
    public string Surname { get; set; }
    public System.Type typeOfAddress
    {
        get { return _typeOfAddress; }
        set { _typeOfAddress = value; }
    }
    public object Address
    { 
        get {
            return _address;
        } 
        set {
            _address = value;
            _typeOfAddress = _address.GetType(); 
        } 
    }
}
public class AddressOneModel
{
    [Required]
    public string Street { get; set; }
    [Required]
    public string City { get; set; }
}
public class AddressTwoModel
{
    [Required]
    public string Province { get; set; }
    [Required]
    public string State { get; set; }
}
My view (for address field I have ad Editor Template that is omitted in this code):
@using (Html.BeginForm()) {
<ul>
<li> 
    PersonId: @Html.EditorFor(model => model.PersonId)
</li>
<li>
    Name: @Html.EditorFor(model => model.Name)
</li>
<li>
    Surname: @Html.EditorFor(model => model.Surname)
</li>
<li>
    Address:
</li>
<li>
    @Html.HiddenFor(model => model.typeOfAddress)
    @Html.EditorFor(model => model.Address)
</li>
</ul>
<button type="submit">Submit</button>
}
and then my controller: (in this example I load AddressOne in the model but should be One or Two depends at the run time...)
    [HttpGet]
    public ActionResult Index()
    {
        PersonModel myPerson = new PersonModel();
        myPerson.PersonId = 1;
        myPerson.Name = "Michael";
        myPerson.Surname = "Douglas";
        AddressOneModel Address = new AddressOneModel();
        Address.Street = "5th Avenue";
        Address.City = "New York";
        myPerson.Address = Address;
        return View(myPerson);
    }
    [HttpPost]
    public ActionResult Index([ModelBinder(typeof(PersonModelBinder))]PersonModel myPerson)
    {
        if (ModelState.IsValid) { 
            // some things here
        }
        return View();
    }
then there is the Model Binder for PersonModel:
public class PersonModelBinder : IModelBinder
{
    public object BindModel(ControllerContext controllerContext, ModelBindingContext bindingContext)
    {
        PersonModel bindedModel = new PersonModel();
        foreach (var Property in typeof(PersonModel).GetProperties())
        {
            PropertyInfo info = bindedModel.GetType().GetProperty(Property.Name); 
            object castedInfo = new object();
            var uType = info.PropertyType;
            if (uType == typeof(string))
            {
                castedInfo = bindingContext.ValueProvider.GetValue(Property.Name).AttemptedValue.ToString();
            }
            else if (uType == typeof(Type))
            {
                castedInfo = Type.GetType(bindingContext.ValueProvider.GetValue(Property.Name).AttemptedValue.ToString());
            }
            else if (uType == typeof(object))
            {
                string objType = bindingContext.ValueProvider.GetValue("typeOfAddress").AttemptedValue; 
                object address = (object)Activator.CreateInstance(Type.GetType(objType));
                // another foreach as previous
            }
            else
            {
                object uCasted = (object)Activator.CreateInstance(info.PropertyType);
                uCasted = Convert.ChangeType(bindingContext.ValueProvider.GetValue(Property.Name).AttemptedValue, Property.PropertyType);
                castedInfo = uCasted;
            }
            info.SetValue(bindedModel, castedInfo, null);
        }
        return bindedModel;
    }
Is this the correct way to implement the binding of PersonModel? And what about validation in [Post] controller?
I seen also a way to use DefaultBinder in a way like this:
[ModelBinderType(typeof(PersonModel))]
public class PersonModelBinder : DefaultModelBinder
{
     //...
}
but i don't find any reference of ModelBinderType in MVC3!! Any suggestion?