Have you hired your Real Estate Attorney yet? I don't think Legal Advice from 'here' is a good idea. Someone needs to look at the Deed and such and give you advice worth paying for. He/She will know if 'it' is a good idea.
Sorry, and my best to ya and hope this helps.
Jay J -Moderator
PS: Everyone has good intentions (all around) but you need an Attorney. I don't think anyone 'here' wants a law suit ...