a "gift" for tax purposes. i think you can gift like $14K/yr to a kid these days. anything over that may be taxable to them. i know that doesn't answer your question at all. i may be wrong on the gift thing but i'd talk to a tax dude. the deed would have to be re-recorded in their name to get a loan i would think so there's a paper trail too. OR, i may have totally misunderstood the situation.