Unclaimed-Funds.com

Each year the unclaimed property division of treasury departments in all 50 states receive millions of dollars in forgotten money, and Pennsylvania is no exception. In fact Pennsylvania stands out in that of the tens of billions in unclaimed money out there, PA alone is home to more than $1 billion.

On January 1, The Tribune Democrat tells us why PA residents should make “find my unclaimed money” their New Year’s resolutions:

According to Treasurer Robin Wiessmann, the annual letter campaign is just one of many methods the department uses to find the owners of more than $1 billion in unclaimed property.

Sadly, these letter campaigns and other efforts to give money back to the rightful owners are unsuccessful more often than not for a variety of reasons. The only true way to find ALL Pennsylvania unclaimed money owed to you, is to learn the proper way to search for yourself! The government isn’t good at much of anything, why would they be good at reuniting you with your lost cash?

The article in the Tribune Democrat goes on to list some of the more common types of unclaimed assets:

Each year, the department receives unclaimed property from abandoned bank accounts, forgotten stocks, uncashed checks, certificates of deposit, life insurance policies, safe deposit boxes and other sources.

The article also mentions how much has been returned to owners recently:

The department maintains custody of the property until it is returned to its rightful owners. As of Nov. 30, nearly 60,000 owners were reunited with unclaimed property totaling more than $80 million.

Not bad, but when you consider the fact that there is a BILLION in PA unclaimed money, $80 million is just a drop in the bucket, especially when more money is coming in all the time. Once again, the only way to be confident in a lost asset search is if you do your own, but you need to learn how to thoroughly search from experts before you waste time chasing ghosts.

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This entry was posted on Wednesday, January 9th, 2008 at 5:27 am and is filed under Found Money, Lost Money, Missing Money, Pennsylvania, Unclaimed Funds, Unclaimed Money, Unclaimed Payroll Check, Unclaimed Property, UnclaimedFunds, UnclaimedMoney, UnclaimedProperty. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.