[bluffparkbob]

My daughter's husband and I are on the mortgage of a residential property in Okaloosa County Florida. My daughter had other obligations that did not allow her to purchase the house with him. My good credit was the reason I bought the house with him. He could not demonstrate the necessary income to purchase it on his own. I would like to insure that my daughter has my interest in the house now. How do I do that, although there is a mortgage on the house? Thanks.

[ScottGem]

You have to refinance. Th lender will probably need to approve any change in title

[Fr_Chuck]

The names on the loan is not interest in the property, it is obligation to pay.

Whose names are on the deed ?

[AK lawyer]

Wow, I was in Destin and Niceville just a few minutes ago. Work for a law firm that litigates foreclosure there and in other counties all the time. Small world, isn't it?

Anyway, you would convey your interest by deed. But that is a bad idea; it could be a violation of the terms of the mortgage. In theory, the bank could foreclose.