Unclaimed Property Blog

Maybe you bought a lottery ticket for the Powerball and because the odds of winning are so small, never checked to see if you have won. Maybe you bought a lottery ticket for an instant game or draw game and promptly lost the ticket. How do you know you are not someone who is due unclaimed lottery money? There are always news stories about lottery winnings that are never claimed, sometimes in the millions of dollars.Just last year, a Powerball ticket purchased in West Georgia worth $77 million dollars went unclaimed. It’s painful to think that someone could be sitting on that kind of money and just carelessly let it go, but it happens all the time. So, what does happen to all of that money? The answer depends on the state in which the unclaimed lottery ticket was purchased.

Are you short on cash? You may be entitled to money from lost 2010 tax refunds, better yet, you may be able to locate money that you accidentally left behind in a previously owned checking or savings account. If you moved to a new location, you may have an unclaimed tax refund or unclaimed check issued to you from a previous job, from a utility or rent deposit, or even from an inheritance. CashUnclaimed.com’s data base has millions of unclaimed funds listed, from over 60 different sources. All you need are previous addresses, names of employers and other sources where your unclaimed checks were issued, and, if you happen to be successful in locating your funds, proper identification.

With the rise of web based information society, legal, financial institution and insurance company record are now available to the public from any point of internet access. Unclaimed money databases make searching for assets and property easier than before.

If you are conducting an unclaimed search process, the most precise method of initiating and informing your research is by way of an unclaimed money database. Unclaimed money searches utilizing web based database platforms stand a better chance of resulting in multiple claims. Internet searches may just be the beginning, yet more and more claimants attest to the critical value of unclaimed money databases in searching for assets.

It’s not hard to turn on the news or read in the paper that people are finding cash they didn’t know was theirs. While originally I was skeptical, because I watch my money down to the penny, I was really curious if there was money out there for me. I mean, I am a hard working citizen, I pay my taxes and I have had a bank account, some of the criteria for those who could have money laying out there somewhere. This money and come from anywhere or anyone. Any funds that have not been claimed have to be turned into the state to hold as unclaimed funds.

Unclaimed property can be auctioned off by your state. Unlike unclaimed funds, unclaimed property can be auctioned off at e-commerce stores online. Prices for goods auctioned off are exceptionally affordable. Many states are now partnering with established auction sites to increase traffic and bidding interest in items put up for sale. Repossessed items offered by police auction websites, for instance, include everything from autos, to computer technology to fine art paintings. As states make an attempt to shore up reserves with property confiscated in due process, government sales have become more visible as a solution to cash-strapped treasuries around the United States.