You need a WRITTEN agreement as to how the parties are hit with the results.
Everything is negotiable.
A foreclosure on your daughters credit will be worse.
This is terrible. As a mom, I can't fathom having my child on the hook for my debts - it is usually the other way around. How could this come to be? I am not trying to make you feel guilty, but I just don't get it. I can not imagine facing an issue where my daughter would have to pay for my financial sins.
I wish the very best for you and especially your daughter.