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Updated almost 5 years ago,
Mortgage Company Converts to Stocks?
Long story short, I found two duplexes that have been vacant for 14 years. The owner got a mortgage through a company that has since dissolved and the mortgage company put all of its assets into the stock market. Sorry if I completely fudged that up, but I don't quite understand how this works.
My problem is I can't get in touch with the owners of the duplexes. They've owned the 2 duplexes for 14 years. The back taxes equal about $10,000 for both properties combined.
Why hasn't my county (Bibb/Macon, GA) or the holder of the mortgage done anything about the property or owner?
How can I find the current owner(s) of said mortgage if it's in the stock market?
Should I just have my attorney run a title search on the property and see what comes up?
Where in the world do I go from here?
Thanks for any and all help!