Are You Owed Interest On Unclaimed Property?
Monday, May 13th, 2013
Many Americans are surprised to find that they are paying unclaimed property interest on property that they didn’t even know they owned. Confused yet? So are these individuals who are just now finding out how enormous the unclaimed property conundrum is in this country. Unlike finding buried treasure, you actually have to pay interest for how the property was serviced while it was not in your possession.

Most states in the union are holding regular eBay unclaimed property auctions. Do you know when your state’s last auction was? In case you’re not aware, state treasurers across the nation have taken to eBay to help them unload the millions of dollars in unclaimed property that go missing every year. That means you can actually search for and buy unclaimed property on eBay right now. Let’s examine how states have the right to hold eBay unclaimed property auctions and how you can
Utah is not out of the loop when it comes to states holding onto massive amounts of unclaimed property and lost cash. The state’s Treasurer recently uncovered a massive amount of checks that belong to the hardworking former and current residents of this great state. In addition to lost cash, the treasury also discovered unclaimed property valued into the millions of dollars. The treasury simply can’t manage all of those assets on its own. The announcement was designed to get the residents to take action to find unclaimed property and lost cash in Utah. Whether or not the problem will work remains to be seen.