Unclaimed Property Blog

You may have seen legal notices in local newspapers, your mail box may hold a letter of invitation and the internet entices you to do it. What is it? It is a search for unclaimed property or money. Some research was done and here follows basic information on unclaimed property.

Well, it is true! There are billions of unclaimed dollars sitting in state coffers waiting for rightful owners to be found.

Are you thinking, it’s probably a scam or highly unlikely that any amount of the billions could be yours?

It seems as if there isn’t enough money to go around sometimes. The flip side to this is that there is money sitting waiting to be claimed. Read on to find out how the Capitol is uniting the people with money.

For over 25 years, the district has accumulated $250 million in unclaimed property. About one-fifth of the owners are found each year.

Locked in an electronically secured vault on K Street are mounds of items that are now handled by the District of Columbia Department of Unclaimed Property. The property has come from banks, corporations, trading companies, hospitals and nursing homes, all required by law to send the city items whose owners have left behind and not come forward to claim.

The Canton Illinois police tried to give the $267.00 back to its owner. They attempted to return the money for about 17 years.

Brian Campbell was arrested on Feb. 27, 1989. He was convicted on charges of unlawful use of a weapon and unlawful possession of marijuana.

During the arrest police confiscated all his property, which is standard procedure. Campbell was also wanted on a burglary warrant in Indiana, where he had lived at the time. When Canton police sent him to Indiana to faces charges there, they forwarded all his property except the $267 he had been carrying in cash.

The three major consumer credit reporting agencies have designed a new credit scoring system.

Equifax, Experian and TransUnion announced that the new credit scoring system called “VantageScore” was a direct result of market demand for a more consistent and objective approach to credit scoring. VantageScore is aimed at simplifying the loan process for both lenders and borrowers.

Until this agreement the agencies used their own proprietary formulas to create their own scores. This complicated scoring as each lender dealing with a consumer’s application for a credit card or a mortgage might have to reconcile three widely different scores.

Florida is currently promoting giving away $1 billion. Is this for real?

Are you one that seeks lost treasure? Ever comb the beaches for lost money? In Florida there are people looking for and finding lost treasure.

Florida’s Chief Financial Officer Tom Gallagher, who oversees the Department of Financial Services’ Bureau of Unclaimed Property department, has returned nearly $300 million, since 2003, in cash and property to current or former Floridians.

The bureau is currently holding accounts valued at more than $1 billion, and the owners or heirs can claim it for free by logging on to www.fltreasurehunt.org or by calling 1-88-VALUABLE (1-888-258-2253.)

New York has money to give it’s residents. Read on to find out how much and where the money is and even how you can claim yours.

This fiscal year New York is expected to recover about $150 million in unclaimed property, state Comptroller Alan Hevesi said recently. Unclaimed funds currently total $7.2 billion.

What is this unclaimed property? It is funds which have not been claimed or are considered abandoned. The sources include old bank accounts, telephone or utility deposits, uncashed checks, insurance benefits and policies and wages. These assets are sent to the comptroller’s office, which then searches for the rightful owner.

With today’s economy, people struggle for their money. Then you read about a state with unclaimed money and unclaimed property wanting to give it back. Colorado just announced that it found $40 million this year

It is true an additional $40 million in lost and forgotten property is waiting to be claimed through the Great Colorado Payback program. This was announced by Colorado State Treasurer Mark Hillman.

Nearly 50,000 people now have assets with the state. The largest amounts of unclaimed money for this year range from $140,000 to more than $289,000. That would make a money search profitable.

There are some subjects that you know you should discuss with your parents but just do not want to. Finances is one of them. There are some things you do need to know. Read on for useful information regarding this subject.

First is to find a comfortable time in which to talk to your parents and then approach the subject in your best unemotional manner. Here is the information you want to find out:

Young America has responded to the State of Iowa lawsuit.

As posted on February 9th, the State of Iowa filed a lawsuit against Young America claiming that they are not refunding money to consumers who fill out rebate forms. Young America is now responding to that complaint.

Young America’s Vice President for Shareholder Relations, Roger Anderson , says a company called Affiliated Computer Systems (ACS) has been trying to find companies that are withholding rebates. He says ACS has represented about 45 states that have sought to audit Young America’s records. Anderson says his company has filed a lawsuit in federal court to try and stop the action of the states, saying they’re not a holder of unclaimed property.

Have you seen an increase in your household debt? More bills in the mail and less checks going out for payment? You are not alone.

Household debt grew at the fastest rate since 1987, the Federal Reserve said. The brighter side of this is that the net wealth of American households rose in the third quarter of 2005 as real estate and financial assets gained value.

Household debt grew at an annual rate of 11.6 percent, the steepest climb since the second quarter of 1987, when it rose 12.2 percent, the Federal Reserve said. Household real estate assets grew by $615 billion in the third quarter, while financial assets rose by $959.3 billion.