Unclaimed-Funds.com

An increasing number of states having lost money coffers totaling over a billion dollars, and North Carolina isn’t far behind with a pile of $700 Million currently being held by the NC Office of the State Treasurer. Give it a couple more years of more money coming in than being returned to citizens, and N. Carolina will pass that billion dollar mark.

WRAL recently covered the story, and zeroed in on the found money success of one lucky North Carolina unclaimed money searcher:

Cary - Do you know where all your money is? A lot of us think we do, but North Carolina is holding $700 million in unclaimed cash. That means a lot of people are wrong when they think they’ve kept tabs on all their cash.

Bill O’Connor didn’t know he had more than $4,000 in unclaimed cash until WRAL’s 5 On Your Side called him. The money came to be after he invested in the stock market.

Poor Bill was skeptical of NC unclaimed money due to the hearing about so many internet scams. Sadly, with every success story you almost always have the person who found money saying they were hesitant at first:

“The first thing is I didn’t know if it was real or not. I’ve heard of different Internet scams and things like that, so I just wanted to make sure the source was, you know, really who it was,” he said.

Some people will use their slice of the Carolina cash pie to splurge on something, go on vacation or pay off bills. It seems that the money couldn’t have come at a more important time for Mr. O’Connor:

“It was a shock. Especially at a time when I could use the money,” he said.

With unclaimed funds in N. Carolina literally approaching $1 billion, there’s a good chance you’re due a claim… but if you don’t know how to search for unclaimed money the right way, you could wind up chasing your tail. UnclaimedMoney.net is here to help!

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KSPR reporter Joe Daues is latest to become hip to the heaps of Missouri unclaimed money:

They call it Missouri’s largest lost and found. A half billion dollars in money that belongs to people like me and you. It’s being held by the state of Missouri until the rightful owners or heirs claim it.

Scott Harper is the director of Missouri’s Unclaimed Property Division. His staff keeps track of nearly $500-million that Missourians have lost track of.

“It could be life insurance, uncashed payroll checks, utility deposits,” he says. “The fastest growing area of unclaimed property is securtities- mutual funds, stocks, and securities related property.”

The article also explains a bit about how MO unclaimed money works:

The state gets the money after 5 years if a bank or a company hasn’t paid you the money it owes you or can’t locate you… the law requires them to hand it over to the state.

To sum up, we’re talking about HALF OF A BILLION DOLLARS in missing money, that most Missourians are simply unaware of, and those that are owed a claim generally lack the knowhow to find it.

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As if the HALF A BILLION DOLLARS in Washington unclaimed money wasn’t enough, the state is about to take in another $100 Million, according to a recent article on the website of NBC affiliate KHQ.

This first excerpt from the article is a perfect example of why I can’t stress the search tip “search often”, enough:

Businesses are required to report unclaimed paychecks, deposits, refunds, escrow proceeds and similar items to the Department by Nov. 1 of each year, and the Department received a substantial amount this year, Unclaimed Property Manager Patti Wilson said.

Now, what if you’d searched at any point this year before Nov. 1. Even October 31. The State of Washington would have no record of your missing money. Worse, they’re so buried by accounts being turned over, that even today, November 21, your claim wouldn’t be reflected in the state’s records. And of course if your account hasn’t been dormant long enough, it may not be added to the database until next year. Again, “search often” is rule #1 in this game.

Now for the juicy stuff:

“We’re still processing it all, but we expect it to total close to $100 million involving 500,000 or more names,” she said.

And that’s on top of $500 million owed to more than 3 million people already in the searchable online database.

Essentially this means that unclaimed money in Washington will total $600 MILLION!!! And the best part is, with a population of less than 6.5 million, the odds are more likely that you’re owed money than not!!! (Especially when you consider that only 4.8 million are adults, and we’re looking at roughly 3.5 million being owed unclaimed property!!!)

If somehow those odds don’t motivate you, perhaps some unclaimed money success stories from regular folks will wake you up:

It pays to keep checking. Bruce Bleckert of Tacoma recently received $4,035 on two claims. He had checked for unclaimed property previously under his name, but these claims were under his wife’s name. Virginia Hanson of Woodinville received $2,226 from a Midwestern financial bank related to an escrow for a home, and Kymberlee Elliott of Vancouver got $188 from a company where she had once worked.

The article closes with a record return stat - “$39.4 million to more than 82,000 claimants in fiscal year 2007“.

There’s no reason you won’t be part of the stat for 2008, especially given the odds!

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