and another 'given these 2 options, which would you choose?'

[ManxMum]

BEH (barsteward ex-husband)lives in house that is still jointl owned by us. He is no good with money, is in debt and owes approx £7k in mortgage arrears. I have a house with DH.
BEH has approached a compoan who can bu the mortgage of the both of us and he says we will get approx £10k each. Now, £10k will come in very handy atm and with the way the market is going, it could be the time to get out.
Haven't spoken to DH yet about this, but, if I don't sell, and BEH defaults, I will be liable for quite a sum of money I haven't got.
I will get legal advice before doing anything definate, but just wanted opinions first.
TIA

I'd go for it! Apart from anything else - it's one less tie to the ex.

It's very tempting, I must admit.
Pay off credit card,bits need doing in the house, could spend it easily.
Home improvements now and then split the profits on current house when the kids need a deposit etc.

Go for it. As hecate says it's one less tie to him - especially if he is a financial nitemare (she speaks from recent experience {sad}. 310k is better than a repossession....

what equity would there be if you sold it normally?

probably minus equity, BEH has £7k mortgage arrears and many other debts.

hum, if it is ligit then I would say go for it - you would be in a much better position.
BUT I would question it - why is the company prepared to buy it if they are effectively losing out?