I purchased a home for my daughter; I have a mortgage on the property and she makes the payment each month. The home is currently non-owner occupied; I called the bank to see if I could sell the home on a land contract and keep my current mortgage in place. I was told no. If the home was owner occupied, the property taxes could be under a homestead and less expensive which would mean more of their payments would go to principal instead of escrow. Would it be legal for me to just Quit Claim the house to her and leave my mortgage in place? In doing this, there would be no re-finance and she could homestead the property to reduce the property taxes.