Unclaimed-Funds.com

There’s currently a battle between judges and state employees in California over whether or not the state should be seizing unclaimed property and whether or not they’re making their best efforts to notify citizens that the state has their found money.

The LA Times breaks down the unclaimed cash mess:

SACRAMENTO — A federal judge Thursday cleared the way for the state to once again seize people’s inactive bank accounts, stock shares and the contents of safe-deposit boxes.

The order from U.S. District Court Judge William B. Shubb lifted his June 1 ruling that stopped the state from seizing “unclaimed property” whose possible owners or heirs were not being properly notified ahead of time.

The judge’s action came in response to a new California law and increased efforts to contact owners of “unclaimed property” before it is taken.

The new law “appears to provide notice reasonably calculated to inform property owners of the impending seizure of their property and significantly lessens the likelihood of irreparable harm to plaintiffs,” Shubb said.

The article goes on to quote people on both sides of the issue. Some think the new law largely solves the problem of folks not being notified that the state is holding their missing money. Others think it doesn’t go far enough and this constitutes an abuse of CA citizens. It’s tough to tell who’s right, but one thing is for sure… don’t rely on the state to return your unclaimed money to you!

If there’s one thing I can’t stress enough, it’s that most people don’t know how to property search for their unclaimed funds in the first place, and most web sites out there aren’t teaching you how to exhaust all methods of searching for your money. But if you’re going to rely on the state to find you, then you can forget about seeing that money.

The article goes on to explain that $87 million will be returned to people this fiscal year. Yeah, that’s great, but how about the other $5.013 BILLION!!!???

That’s right, not even 2% of the money will be returned. Do you need any more proof that locating your unclaimed money is up to YOU, because clearly the state is incapable of returning your cash to it’s proper owners.

Take control and learn how to search like a pro at http://www.unclaimedmoney.net