Florida is facing financial overload and it’s calling on the state’s citizenry for help. While a financial overload may sound like a great problem to have, it’s not such a great problem when you consider that all the cash is missing and that it belongs to people who, for the most part, don’t even know it exists. Further compounding the problem is that all the missing cash in Florida is typically years old, which makes locating the rightful owners even more difficult for the state’s treasurers. For this reason, the treasury is calling on everyone to help. Help relief missing cash in Florida. Don’t worry, you don’t even have to leave your chair.
Archive for the 'State Unclaimed Money' Category
Every year people flock to Nevada to try their hand at the latest table and slot games in the state’s infamous Las Vegas. Yet people seem to forget that the state is currently sitting on millions, if not billions, in found money. Instead of trying your hand at blackjack or Texas Hold-em, you could be searching for thousands or more in lost or missing money that is just sitting in the state’s treasury office.
Why Everyone Has Forgotten Nevada Found Money
The state of Florida could use an economic boost and according to Florida missing funds managers, that boost could come from the unlikeliest of sources. The Florida state treasury is holding onto billions of dollars in unclaimed or missing funds. This money could come from any number of sources – abandoned bank accounts, unclaimed payroll checks, tax refunds – and unless the owner comes forward, the money will rest in the Treasury, where it is kept and managed. The Florida State Treasurer’s office hopes that more people come forward to search for and claim the Florida missing funds that may belong to them. If more people come forward, the state will get the economic boost it needs and Floridians everywhere will have more cash to spend and save.
Despite the efforts of most state governments, the amount of unclaimed money continues to grow. There are many reasons for the existence of unclaimed money. In fact, most Americans have some form of unclaimed money, somewhere.
The best way to search for unclaimed money is with CashUnclaimed.com, the largest unclaimed money database in the world. CashUnclaimed.com offers the easiest, cheapest solution to finding all forms of unclaimed money in the shortest amount of time possible.
The truth is you may have state unclaimed money just waiting for you to claim. The lie is the financial institute or company which owes you the money worked hard to find you. Yes, a bank or business has three years to look for you before handing your money to the state as unclaimed property. Do they really try to track you down? They may, but if you move or change your phone number they aren’t going to hire a private investigator to find you.
Unclaimed property can be auctioned off by your state. Unlike unclaimed funds, unclaimed property can be auctioned off at e-commerce stores online. Prices for goods auctioned off are exceptionally affordable. Many states are now partnering with established auction sites to increase traffic and bidding interest in items put up for sale. Repossessed items offered by police auction websites, for instance, include everything from autos, to computer technology to fine art paintings. As states make an attempt to shore up reserves with property confiscated in due process, government sales have become more visible as a solution to cash-strapped treasuries around the United States.
The unclaimed money amount is major cause of concern for the state treasuries. With the number of inquiries for the lost funds not very encouraging, state governments across the nation are leaving no stone unturned to locate the rightful owners of the lost funds. Every state is facing the similar dilemma of increasing pile of unclaimed funds and very few reclaim inquiries in contrast.
The unclaimed money fund in California is going through the roof with almost 12 million people still losing out on their unclaimed funds. This pile continues to grow at an alarming rate, in spite of many initiatives being taken by the state treasury.
As one of the proactive steps towards these issues, the state of California has enacted Unclaimed Property Law that requires property holders such as corporations, business associations, financial institutions, and insurance companies to submit an annual report and return dormant property to the State Controller’s Office. As of the last estimate, about $600 million are collected by the California state unclaimed funds division annually.
In a way, Florida can be called a rich state and growing richer by the day due to unclaimed money. The unclaimed money vault is increasing at a rapid pace,with the last figure at an astounding $2 billion. This pile is getting larger at a very rapid pace, with very few claimants coming forward to claim their lost funds. This money is a joint account of almost more than 8 million U.S. residents. This abandoned pile of money is still lying with the state treasury, waiting to be claimed.
State of California is inundated with its growing pile of unclaimed funds with almost 11.6 million individuals still unaware of their unclaimed cash or property. In responseto this unmanageable situation, the state of California has enacted Unclaimed Property Law that requires property holders such as corporations, business associations, financial institutions and insurance companies to annually report and return dormant property to the State Controller’s Office. By a rough estimate, about $600 million are collected by the California state unclaimed funds division annually.