Others have asked similar questions on trulia.....
If it sounds too good to be true, remember it probable is not to YOUR advantage....
The company must exist as there are others who have asked if this is legitimate.......but
DO NOT SIGN ANYTHING before a trusted Real Estate Attorney has overlooked the paperwork.

You may also want to make sure that you KNOW what your home should be worth in today's market
before making any kind of decision.

At this time and the the way the economy is and the markets are often very different you need to connect with
a trusted, experienced area Realtor (if you like I recommend a partner agent to you!) and you MUST have
a Real Estate Attorney ....... I encourage this strongly because you are saying in your question
"Offer was to take over payments until they sell it I THINK ..." the words 'I think' tell me that you are not even sure what the terms are going to be....

So be safe and get a really good Realtor and a good Real Estate attorney before making any kind of decision.
Hope this helps and good luck to you!
Edith
edithsellshomes@gmail.com

Teri
If it sounds too good to be true...it usually is.

I would ask a competent REaltor for advice. If you need a referral, let me know.

I agree with Anna. Be careful of anyone and everyone. I tried to look up Zenmd REI and didn't have much luck. Don't sign anything about handing over your house payment before you have a lawyer look it over. A helpful website is http://www.hud.gov/local/il/homeownership/foreclosure.cfm
Please, feel free tocontact me wth any questions I am a veteran of shortsales.

Tim
titzgerald@c21proteam.com
815-353-1901

Hi Teri,
This sounds very fishy. First you need to find out what your property is worth. I would ask for a copy of a contract, or any agreement, and let a real estate attorney take a look at it and make sure this is not a scam.
What is this Zenmd Investments group gaining from this transaction? Is your home worth much more than your existing mortgages???
Most lenders do not allow someone else to assume your mortgage, you can not transfer your note to a new owner. If they are looking to buy your property, let them get their own financing or buy cash!
Good Luck! Anna