I'm getting more comfortable with my "No Gift" diagnosis...you paid $200,000 to a mortgage company, right? Please confirm that you did not give your daughter $200k to give to the mortgage company. Moreover, she cannot sell her 1/3rd separate from you, the parents everyone is on the hook for the debt in a shared debt situation. If you parents die together in a plane crash, she is responsible for a debt. Moreover, if she moves out under the cover of darkness one night - you and your hubby on on the hook for a debt. I think about this like the 3 of you bought a rental property that she happens to partially own and occupies as renter. If y'all wanted to get really fancy about it you could even have a lease where she pays you $1400 per month (less than $17,000 per year) and all three of you be depreciating the property.
