Archive for the “Missing Money” Category

As recently as May of this year, MD Comptroller Peter Franchot reported that his office is currently holding $580 million in Maryland unclaimed money, according to an article in The Examiner. The article also reported on one massive unclaimed property return:

“We were holding over $800,000 in stock” for one man, Franchot told one of the customers holding the 714,000 accounts that have been returned to the state. In fiscal 2006, the state handed over $50 million to about 42,000 individuals.

The article goes on to explain the success of a recent lost money outreach program:

“We do a lot of outreach,” said Lynn Hall, manager of the property unit. Since the inserts ran two weeks ago, the state has received more than 12,000 calls, with more than 8,700 making apparently legitimate claims.

Despite these successes, the citizens ought to take it upon themselves to locate their own MD unclaimed money, because if history teaches us anything, it’s that government is inefficient if it’s anything. To guarantee that a resident of The Old Line State find their unclaimed assets.

Learning to find your name on an unclaimed money list is often easier said than done, but assistance from an unclaimed funds expert can help beginners sidestep issues that get in between other people and their cash.

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Despite recent efforts to return missing money to citizens of SC that lead to a record monthly return of $900,000 in September, according to NBC Augusta, the state of South Carolina’s Palmetto Payback Program is still holding $200 million of the citizens hard earned dollars. It seems that no matter what efforts are made, the state still takes in more South Carolina unclaimed money each year than it pays out to the people.

Sadly, we consistently find that most people are simply unaware of the phenomenon of unclaimed property, and when many people are told, they believe it must be a scam. I mean, if you didn’t already know it was real, and someone tried to tell you that there are tens of billions of dollars sitting in government offices waiting to be discovered, you’d probably be skeptical too.

Lucky for you, if you’re reading this, then you’re probably aware of the beauty of SC unclaimed money already. Now the only thing standing between you and claiming your funds is the knowledge to thoroughly search for lost assets in S. Carolina, to ensure you’ve explored all possible claims owed to you.

Enter UnclaimedMoney.net. Put your mind at ease as you step in to the world of unclaimed money, by beginning your search with expert assistance so confident in your satisfaction, you’re backed by a fully money back guarantee.

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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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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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