Local Media is Helping Spread the Word on Unclaimed Property
Stories on unclaimed money or property can be seen on local news stations around the country. As a part of the recent initiatives launched by the state agencies, to deal with the growing problem of unclaimed money, the state agencies are now using local news stations to locate the real owners of the properties by vocal advertisements.
The state agencies that are dealing with the increasing pile of unclaimed assets for over the years believe that introducing new means in educating the people can work wonders. Apart from organizing state fairs in different regions, advertisements in local newspaper have also assisted by motivating people in standing up for their rights and make successful claims. The high authorities of the state treasuries are already working in coordination with the federal agencies to tackle issues of unclaimed property arising from sources like returned tax refunds, unremitted pension refunds and unclosed bank accounts.
State agencies believe that introduction of unclaimed money on local news stations is a good idea as they can play a very important role in areas where people have less access to audio-visual media. The local news stations have been spreading information on the right procedure of making successful claims and about searching for lost property scattered in the region. Other sources include the private firms that are assisting the federal agencies in spreading awareness among people about the importance of lost money and its impact on the state treasuries.
The state agencies believe that the average pile up with the treasuries come to be more than $100 billion, out of which insurance refunds are the primary contributors. The previous efforts of the state agencies using the local newspapers are something to talk about as the records used by them to publish information and to send notices are outdated. The local news stations also provide information about the databases that every other maintains across the U.S. and important contact numbers for the public to use when searching for their unclaimed money.
