Please confirm that you did not give your daughter $200k to give to the mortgage company.
The mortgage company doesn't get the money, the seller(s) of the property do.
she cannot sell her 1/3rd separate from you
She can sue to partition and sell her 1/3 share.
If you parents die together in a plane crash, she is responsible for a debt.
Nope, not personally responsible since she didn't sign the note. The mortgage lender can foreclose on the property though.
if she moves out under the cover of darkness one night - you and your hubby on on the hook for a debt.
They are anyway since they signed the note. You do know that a mortgage consists of a note that is a personal promise to repay combined with a lien against the property right?
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.
Yeah, that's is definitely NOT a possibility given these facts.
