Tax/finance recommendations for selling property to family

[Taylor Rouse]

They spoke to a real estate attorney who wasn't much help other than pointing out that the seller would have to pay a gift tax if the property was sold at below FMV.

Would appreciate any input on the best way for the buyer and seller to come out of this as cost effectively as possible. Can/should the buyer assume the loan? Does she need to put 20% down if that's the case? Can she avoid putting down 20% and still assume the loan?