Can your daughter and her husband pay enough to pay off your mortgage? If so, you should not have a problem selling the house to them.
If you are wanting to negotiate a short sale with the bank, your family member may not be able to purchase the property. I am knowledgeable about short sales and would be happy to discuss that possibility with you if that is what you are considering.
If I can help you, please give me a call at 405-808-7922.
Keller Williams Northwest
Nothing will happen if you sell your home for less than it is worth to a family member.
Are you selling the home to a family member for less than your current mortgage on the property? If you are selling the home for less than you owe on the home than you will have to receive written agreement from the lender to sale the home short.
Hope this helps,
Josh Barnett, Realtor
Metro First Realty
If you would like a referral on these, please do not hesitate to contact me anytime.
Russell Benson, REALTORÂ®
Prudential Alliance Realty