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Archive for May, 2010

Lost Funds Now Open for the Public to Claim

Thursday, May 27th, 2010

Maryland Comptroller’s office has released a 144 page list containing 60,000 names of identified owners with a worth of $42 million in unclaimed cash. This massive reserve comprises of security deposits, insurance benefits, bank accounts, wages and even valuable contents of safe deposit boxes.

The deputy director of communications, Christine Feldmann of Maryland said their office had obtained more than 1340 calls for unclaimed property. It was estimated during this time that more than 400 people had their unclaimed fund recovered.

California Uses Unclaimed Money to Fix Budget Deficit

Wednesday, May 26th, 2010

California tops the chart in unclaimed money laying with the state treasurer. The state is trying its best to get the unclaimed cash to the rightful owners; A Sacramento resident recently claimed $145 paycheck owed to him; A Rancho Cordova resident has a state pension savings account of $199 unclaimed.

California government is sending more than 9,000 memos every week to citizens who have unclaimed cash. The reminders are being sent week after week to businesses to inform them about any unclaimed cash or property in their name, aside from individuals.

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