January 23, 2010, Los Angeles, CA, USA – Thankfully, the question where can I find unclaimed money is finally answered. There are various online sites that are offering help in searching your unclaimed money and property. All you need to do is enter your name in the box provided for the purpose. It is as simple as that.
Donna Adams-Halloran of Oklahoma, Charlene of Louisiana, DuWayne of Wisconsin, Virginia Selley of MO, Cara Duncan of NC, Tanya Revette of Florida… the list is unending. These people could get back the money they rightfully owned but never knew about it. It was the online search by them or their relatives that exposed them to the treasure that was unclaimed for long.
It is estimated that 9 out of 10 Americans have some amount of unclaimed money that is waiting to be claimed. National Association of Unclaimed Property Administrators (NAUPA) claims that $1.754 billion returned to the rightful owners in Fiscal Year 2006 from 1.929 million accounts.
Total of at least $32.877 billion is currently being safeguarded by state treasurers and other agencies for 117 million accounts. The US states and other private agencies are trying their best to trace the rightful owners of the unclaimed cash by sending notices to them and providing online services. In spite of the economic crises and recession that has impacted the US economy, billions of dollars of Federal and State unclaimed money has been staggering and lying unclaimed.
The state of California alone holds close to $5.7 billion of unclaimed money & property. This happens as people change their residences and towns without informing their banks about the change. They forget or neglect to inform their insurance companies, finance managers, agents and post offices about the change in address. This leads in undelivered mails, checks and payment orders. A lot of property is unclaimed as their heirs have shifted away or are not aware about it altogether.
There is no government recognized centralized information service or database available for reference on unclaimed government assets. Each individual state federal agency maintains separate state owned records making these searches a very complicated procedure.
There are private companies and experts offering help and also give tips that are useful in raising a claim, and do not charge any fees or seek any commission out of the recovered amount. Additionally, some of them also offer a guarantee that if you do not get your unclaimed money back even after being a rightful owner, you get 100% refund of your processing fees. Check them out.