Go to the
(Part 1 of 2)
Of the literally tens of billions of dollars in unclaimed funds across the country, over a billion of it is in the state Massachusetts alone. Massachusetts unclaimed money continues to roll in at a rate of more than $200 million every year, which far exceeds the amount returned to its owners, so it is clear that the $1 billion will just keep on growing.
Despite recent efforts to reunite the citizens with their cash, the Massachusetts Dept. of the State Treasurer keeps on taking in more abandoned assets than it returns every year. The reason? There are a handful of them, but first and foremost it's because most people still have not accepted that these monies are real. For starters, many have never even heard of unclaimed funds, and a huge portion of those who have often quickly dismiss the phenomenon as a scam because they cannot believe that their fellow citizens would really forget about tens of billions of dollars. Of the select few who do realize that this cash is out there, only a small percentage are educated enough to perform a full search and take back all of what is rightfully theirs'.
The people who've never even heard of unclaimed funds will eventually come around, but for the time being they're on their own. For those people who take the "too good to be true" position, and assume this is all a scam, all they have to do is contact their state's treasury dept. and inquire. They will be pleasantly surprised and anxious to search. Those people who are are hoping to get their unclaimed property search started ought to learn tips from an expert before spending a lot of time and possibly not getting anywhere.
Massachusetts residents often try to find Massachusetts unclaimed funds by just searching their name on the first site they come to. Operating this way could not be more incorrect. For starters, a lot of these sites are claiming to have a "database" when in fact they're using bogus databases filled with name combinations to produce results showing a claim is owed for just about every name, even when there is not. Aside from these bogus databases, even the state's unclaimed listings are often very out of date.
(to be continued)
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Unclaimed Idaho Lottery prizes really add up
BOISE — With the recent $650 million Mega Millions jackpot a lot of us started dreaming about what we'd do with all that money. But every year in Idaho some people just need to wake-up to realize that they are winners. For whatever reason, they never claim their prizes. That unclaimed money really adds up. "Over the last two years we've had about $6 million go unclaimed from lottery tickets …
Unclaimed Idaho Lottery prizes add up to millions
With the recent $650 million Mega Millions jackpot a lot of us started dreaming about what we'd do with all that money. But every year in Idaho some people just need to wake up to realize that they are winners. For whatever reason, they never claim their prizes. That unclaimed money really adds up.
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Go to the
(Part 2 of 2)
Mass. citizens often try to find Mass. unclaimed funds by just entering their name on the first web site they stumble upon. Operating this way could not be more incorrect. For starters, a lot of these web sites are claiming to have a "database" when in fact they're using bogus databases stuffed with name combinations to produce results that will show a claim is owed for just about every name, even when there is not. Beyond these bogus databases, even the state's unclaimed listings are often very out of date.
The State Treasurer has stated that unclaimed funds in Mass. come in a variety of types including the following: checking accounts, unpaid wages or commissions, savings accounts, stocks, underlying shares, uncashed dividends, customer deposits or overpayments, certificates of deposit, credit balances, refunds, paid-up life insurance policies, money orders, gift certificates, uncashed benefit checks, and safe deposit boxes. These are considered unclaimed after a certain number of years of dormancy (usually 3, but up to fifteen depending on the type).
Until a property is considered "abandoned", it is not handed over to the state, and that is why a search may not return any records for a given name. Additionally, the state does not instantly add records in the database the minute they take control of them. It's just a matter of when the state finds the time to have an employee physically add the information to their list. What this means is that you need to search regularly. A one time search will not cut it if you intend to be confident you've explored all potential sources.
On top of the issues raised above, there are many other missteps that often make the difference in whether a resident of the Bay State tracks down their missing money or not. It would behoove anyone who is serious about tracking down real cash to seek the assistance of someone with experience in this area before getting started.
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Target 11: Local schools receive unclaimed cash
As Pennsylvania schools deal with cuts to school funding, the state is returning unclaimed money to many school districts. Target 11 uncovered that several schools in Allegheny County are set to receive $89,000. "We found almost $13,000 from some old accounts from some credit balances from Verizon and from Sprint," said Pam Capretta, director of finance for Pittsburgh Public Schools. "I guess we …
IMPORTANT: Bing News RSS feed has moved!
Go to the
(Part 1 of 2)
Of the tens of billions of dollars in unclaimed funds across the nation, over a billion of it is in the state Mass. alone. Massachusetts unclaimed money continues to roll in at an average of more than $200 million per year, which easily exceeds the amount of money returned to the rightful owners, so that 1 billion dollars will just keep on growing.
Although there have been recent efforts to reunite the citizens with their cash, the Mass. Dept. of the State Treasurer keeps on taking in more abandoned assets than it doles out each year. The reason? There are a handful of them, but the primary reason is because the majority of people still haven't accepted the reality of these monies. For starters, many have never even heard of unclaimed funds, and a large percentage of those who have often quickly dismiss the phenomenon as some kind of scam because they cannot believe that their fellow citizens would really forget about billions and billions of dollars. Of the very few who do realize that this money does exist, only a small percentage are informed enough to perform a full search and take back all of what is rightfully theirs'.
The people who have not even heard of unclaimed funds will eventually figure things out, but for now they're on their own. For those who hold the "too good to be true" position, and assume this is all a scam, all they need to do is call their state's treasury dept. to get confirmation. They will be pleasantly surprised and anxious to start searching. Those who are hoping to get their unclaimed asset search started should study tips from a professional before spending a lot of time and possibly getting nowhere.
(to be continued)
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Treasurer brings Cash Dash event to northern Illinois
Residents of Jo Daviess, Ogle, and DeKalb County could soon find out if the state is holding unclaimed money or property for them.
When nobody claims your body; chocolate concoctions in Salem County; $160 to sign up for Midget Football; BEN Column, April 27, first update
The seven
Need Money? Check Out Nevada's Unclaimed Property
Money could be coming your way. More than $400 million in unclaimed Nevada property is just sitting there.
Does MetLife owe your family
At least 15,000 Florida families whose elders long ago bought pennies-a-week life insurance may be owed roughly $9 million in never-paid benefits from MetLife, state officials say. Agents for the insurance giant went door-to-door until 1964 …
One out of 10 Massachusetts residents has some
(Part 2 of 2)
The people who have never even heard of unclaimed property will eventually figure things out, but for the time being they're on their own. For those people who take the "too good to be true" position, and assume this is all a scam, all they need to do is call their state's treasury department to get confirmation. They will be pleasantly surprised and anxious to search. Those people who are are hoping to get their unclaimed property search started should study tips from a professional before spending a lot of time and potentially getting nowhere.
MA residents often try to find MA unclaimed property by just searching their name on the first website they stumble upon. Operating this way could not be more wrong. For starters, a lot of these web sites are saying that they have a "database" when in reality they're using bogus databases stuffed with name combinations to produce results that will show a claim is owed for just about every name, even when there is not. Aside from these bogus databases, even the state's unclaimed listings are often very out of date.
According to the State Treasurer, unclaimed property in MA can come from the following sources: checking accounts, unpaid wages or commissions, savings accounts, underlying shares, stocks, customer deposits or overpayments, refunds, uncashed dividends, credit balances, certificates of deposit, paid-up life insurance policies, money orders, gift certificates, uncashed benefit checks, and safe deposit boxes. These are deemed abandoned after a number of years of inactivity (usually three, but up to fifteen depending on the type).
Until a property is deemed "abandoned", it isn't passed along to the state, and that is why a search might not return any records in your name. Further, the state does not immediately put records in the database the minute they take control of them. It's just a matter of when the state finds the time to have an employee physically add the data to their list. What this means is that you need to search frequently. A one time search won't do the trick if you want to be confident that you have explored all potential claims.
In addition to the issues noted above, there are many other obstacles that often make the difference in whether a resident of the Bay State locates their missing money or not. It would behoove anyone who is serious about locating real cash to seek the assistance of someone with experience in this area before getting started.
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Loose change: $1M cost for $400K donation
Jeff Miller (R-Fla.) that seeks to take about $400,000 annually in
Excellus looking for owners of
A complete list of names of people and companies with checks to claim is available on the company’s website Every year the state requires insurers to make a list of
MetLife Settles
MetLife Inc. has agreed to pay $40 million to settle a multistate regulatory probe, in a pact that calls for it to improve its system for identifying
(Part 1 of 2)
Of the tens of billions of dollars in unclaimed property across the nation, over one billion is in the state MA alone. Massachusetts unclaimed money continues to roll in at a rate of more than $200 million annually, which easily exceeds the amount returned to the rightful owners, so it is clear that the 1 billion dollars will just continue to grow.
Despite recent efforts to reunite residents with their assets, the MA Department of the State Treasurer keeps on taking in more forgotten funds than it returns every year. The reason? There are a handful of them, but first and foremost it's because most people still haven't accepted that these monies are real. For starters, many haven't even heard of unclaimed property, and a huge portion of those who have are quick to dismiss the phenomenon as a scam because they cannot believe that people could actually forget about billions and billions of dollars. Of the very few who are aware that this cash is out there, only a tiny percentage are educated enough to perform a proper search and take back all of what is owed to them.
(to be continued)
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State Treasurer Warns About Unclaimed Property Scams
The State Treasurer is sending out a consumer warning.
St. Louis firm gets $118,000
ST. LOUIS • A St. Louis employer has received $118,000 in
Illinois state treasurer says
(AP) — State Treasurer Dan Rutherford is calling his office's online
Bipartisan Bill to Spend
According to the Transportation Security Administration (TSA), airline passengers have left behind roughly $400,000 in
(Part 2 of 2)
The State Treasurer has stated that unclaimed property in Massachusetts can come from the following sources: checking accounts, unpaid wages or commissions, savings accounts, underlying shares, stocks, customer deposits or overpayments, refunds, uncashed dividends, credit balances, certificates of deposit, paid-up life insurance policies, money orders, gift certificates, uncashed benefit checks, and safe deposit boxes. These are considered abandoned after a certain number of years of inactivity (usually 3, but up to 15 depending on the type).
Until a property is deemed "abandoned", it isn't passed along to the state, and that is why a search might not return any records for a given name. Beyond that, the state does not instantly add records in the database the second they take control of them. It's just a matter of when the state gets around to having an employee manually add the data to their system. For this reason you need to search frequently. A single search will not cut it if you hope to be confident you have explored all potential sources.
In addition to the issues noted above, there are countless other missteps that often make the difference in whether someone in the Bay State tracks down their missing money or not. It would behoove anyone who is serious about finding real cash to seek the assistance of someone with experience in this area before getting in the game.
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News-Post Staff
LET US KNOW – Did you have
Loose change: $1M cost for $400K donation
Jeff Miller (R-Fla.) that seeks to take about $400,000 annually in
Glendale assumes ownership of thousands of dollars in unclaimed money
Eighteen people got a collective $11,470 back from the city at the last minute Tuesday before about $157,000 in unclaimed checks got shuffled into the city’s General Fund, which pays for public services.
Bill to Take Away From TSA All
According to the Transportation Security Administration (TSA), airline passengers have left behind roughly $400,000 in
(Part 1 of 2)
Of the literally tens of billions of dollars in unclaimed property across the country, over a billion of it is in the state Massachusetts alone. Massachusetts unclaimed money continues to roll in at a rate of more than $200 million each year, which easily exceeds the amount returned to its owners, so that 1 billion dollars will just keep on growing.
Despite recent efforts to reunite residents with their cash, the Massachusetts Department of the State Treasurer continues to take in more abandoned assets than it doles out each year. What's the reason? There are a number of them, but the primary reason is because the majority of people still haven't accepted the reality of these monies. For starters, many have never even heard of unclaimed property, and a huge portion of those who have are quick to dismiss the phenomenon as some kind of scam because they cannot believe that people would really forget about tens of billions of dollars. Of the very few who do recognize that this money is out there, only a tiny percentage are informed enough to perform a thorough search and take back all of what is owed to them.
The people who've never even heard of unclaimed property will eventually figure things out, but for the time being they are on their own. For those who take the "too good to be true" position, and assume this can't be real, all they have to do is contact their state's treasury department and inquire. They will be pleasantly surprised and anxious to start searching. Those people who are are ready to get their unclaimed asset search started should learn tips from a professional before spending a lot of time and potentially getting nowhere.
Massachusetts residents often try to find Massachusetts unclaimed property by just searching their name on the first web site they stumble upon. Operating this way could not be more wrong. For starters, a lot of these websites are saying that they have a "database" when in reality they are using bogus databases stuffed with name combinations to produce results showing a claim is owed for just about every name, even when there is not. Beyond these bogus databases, even the state's unclaimed listings can be very out of date.
(to be continued)
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American Express, others yank gift cards from New Jersey
A fight has erupted in New Jersey over who should be able to hold onto unclaimed gift card money, and American Express and other companies say they're pulling their cards from distribution in the state …
PA Treasurer McCord: As Statutory Unclaimed Property Reporting Deadline Nears, Treasury Records Highest March …
HARRISBURG, Pa. — Treasury last month collected nearly $25.4 million, more unclaimed property than it had in any March in the past seven years, State Treasurer Rob McCord noted today as he announced Treasury …
REGION: Does the court owe you money?
There's a lot of unclaimed money at the local court, and if it isn't claimed soon, it's headed for the court's coffers. The court's website has a list of people who are owed money.
How to Find Your Missing Money
Is there money out there that's yours, just waiting for you to claim it? It's possible.
PA Treasury Settlement Agreement With Philadelphia Sheriff's Office Makes $23.4 Million in Unclaimed Property …
HARRISBURG, Pa. — Pennsylvania Treasurer Rob McCord and Philadelphia Sheriff Jewell Williams announced today that another $12 million in unclaimed property owed by the Philadelphia Sheriff's Office to …
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