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Updated almost 5 years ago on .

User Stats

22
Posts
16
Votes
Brice Burns
  • Investor
  • Macon, GA
16
Votes |
22
Posts

Mortgage Company Converts to Stocks?

Brice Burns
  • Investor
  • Macon, GA
Posted

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!