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Updated over 14 years ago,

User Stats

86
Posts
39
Votes
Scott Nachatilo
  • Real Estate Investor
  • Oklahoma City, OK
39
Votes |
86
Posts

Bank Forgot About This Property?

Scott Nachatilo
  • Real Estate Investor
  • Oklahoma City, OK
Posted

An individual has a house he'd like to sell me in which he obtained money to purchase the property through a Argent Mortgage. He stopped making payments on his mortgage shortly after that, and more or less just let the property sit.

When I do a google search for Argent, I come up with: "Argent Mortgage was a wholesale lending company that was purchased from ACC Capital Holdings by Citigroup in the summer of 2007. Citigroup has essentially re-branded Argent Mortgage as Citi Residential Lending."

It seems Argent was a subprime lender that got taken out.

I have searched court records and do not see any foreclosure actions in regard to the owners of the property.

My question is, what is my next-best move in working out something with the mortgage holder? Is there an easy way to find out who I can contact?

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