Posted by RealmKnight on July 19, 2005 at 07:26:29:
I would structure this deal with a “wrap”. Say the home is worth $240K, she has $40K for downpay, balance of $200K. You give her a mort. for $200K, do everything through escrow (including your current loan), payments are made on time, no one is “unsecure”. Talk to you local title company, escrow company, and a real estate attorney. They should be able to give you the details.