Unclaimed Property Blog

Unclaimed property in Florida has recently hit the $1.6 Billion mark and the money and items flowing into the state’s Treasury show no signs of slowing. This wouldn’t be an issue if the Treasury office had the manpower and resources to count and manage all that loot. Instead, the cash and items are stored away in a Treasury vault until such time as the rightful owners step forward to claim them. With hardly anyone stepping forward, officials are worried that Florida unclaimed property could grow to be completely unmanageable in the near future.

New Number, Old News

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< ![endif]-->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 find unclaimed property on eBay.

EBay Unclaimed Property Auctions

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.

What do you think of when you hear people speaking about the term unclaimed property? Some people might think of actual physical property, such as a plot of land or a farm. If you are one of the individuals who think this then you are actually correct. Unclaimed property can certainly be a plot of land or even a whole farm. It can also be a house that is built on that land or include all the barns and stables that a farm would have. It could even be a mansion along with all of the original furniture inside.

State Treasury officials across the country are baffled by a growing unclaimed property problem. In all 50 States, it appears that unclaimed property is flowing in at alarming rates and there doesn’t appear to be any slow down anytime soon. While officials have some ideas how to stop the problem, most of those ideas cost even more money that the States in question just do not have. In the end, it is going to be up to the citizens who are owed unclaimed property to come forward and claim the property before the problem as we know it gets any worse.

Most people who search for Illinois unclaimed property never expect to find much. Can you imagine the surprise, then, when officials at a certain Illinois company were handed a check for $8.1 Million from the Illinois unclaimed property program? Who knew there was that much money in the program to begin with? According to state officials, it’s the largest asset returned since the state began the Illinois unclaimed property program. Who did the check go to and why was there so much money unaccounted for?

Illinois Unclaimed Property Program

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