Unclaimed Property Blog

The 2013 search for money is underway and every single US citizen is being invited to participate. With billions of dollars to return, this year is undoubtedly going to become a huge success placing it back with it’s rightful owners. This ongoing search that is pouring over into 2013 as well as future years to come is quickly becoming a type of annual treasure hunt.

When a person searches for lost money, what exactly are they searching for? This is the question most people want to know when confronted with the lost money problem. Many people have heard of lost money. They may not know where it comes from, but they’ve probably heard success stories of people finding a hundred here or a thousand there. We’ve all heard those really big fish stories of the person who received a $1M or more inheritance from a long lost relative they didn’t even know they had. While many of are aware that unclaimed money exists, most of us have no idea where it is or how to claim it once we do find it. This is where an Internet search for lost money comes in handy.

Current and former Arizona residents seem to be in the dark about the state’s unclaimed money problem. With over $400 million in lost funds and with more flowing in all the time, one would assume that current and former residents would be lining up to collect some of that money that could be rightfully theirs. Yet very few people ever step up to claim Arizona lost funds, which is why the state is in its current predicament. If residents don’t start stepping up soon, the amount could reach half a billion dollars in just a year or two.

Every year around 200,000 current and former residents contribute to the state of Ohio’s missing money account. Josh Mandel, the State Treasurer of Ohio, is urging residents to track down missing money in Ohio. With over a billion dollars to content with, Mandel is up to his ears in dollar bills that don’t even belong to him. He wants all of the missing money in Ohio to go back to the rightful owners. Until those residents come forward, he may never get his wish.

The Steps to Track Down Missing Money in Ohio

The state of Pennsylvania is sitting on $1.5 billion in unclaimed property. That’s a lot of scratch and it’s too much for state Treasury officials to manage. It’s the Treasury department’s job to return all of that money to the rightful owners. With all of that money to account for, calling and sending letters to all of the rightful owners of that money is going to be a pretty tough job. And that’s why it’s up to all the current and former citizens of this great state to invest in their future and find money and Pennsylvania unclaimed property today.

Cash Unclaimed is launching a nation and state-wide campaign to urge all current and former residents of New York to search for unclaimed money. The state is currently holding onto millions of dollars in unclaimed funds and that money does not look like it will be going anywhere anytime soon. Until more people, everyone matter of fact, comes forward to search for and find the funds that rightfully belong to them or their loved ones, the money will continue to sit as well as continue to grow.

It’s a little known fact that unclaimed money and lost cash have reached unprecedented amounts across the country. Right now state officials in New York, Michigan, Texas, Louisiana, Mississippi, Oregon and Florida are scrambling to find ways to return the billions of collective dollars to the rightful owners. The problem is that many of the names on the list have moved, making the addresses and oftentimes phone numbers incorrect. With no way to get a hold of the rightful owners, officials are at a standstill and yet the money continues to pile in month after month. This means that it is up to the citizens of this great country to conduct a search for lost cash on their own. Luckily, this search only takes a moment.

Your 401K account is designed to keep you solvent in your retirement years for those days when you can no longer work so hard. By adding to your 401K when you’re young, virile and working, you can be sure that you’ll have a hefty sum left over when the time comes to cash those chips in. In some cases, your employer will even add to your 401K account, providing you with an even bigger nest egg for when you reach retirement age. However, with job turnover rates so high, we are seeing an increase in lost funds originated from these very accounts. If you changed jobs and you fear you may have lost funds from your 401K account, it’s time to do something about it.

If you live in Texas or you used to live there, you may have a Texas tax refund coming to you from the State Controller’s office. Every year the state sees an influx of tax refunds in Texas and the Controller’s office is at odds about what to do. Officials are baffled that more Texans aren’t coming forward. With many living paycheck to paycheck and many more than in debt, officials expected more people to step forward to claim that the money belongs to them. Until those people come forward, the billions in unclaimed funds will continue to gather dust in bank vaults across the state.

The United States recently avoided going over a fiscal cliff, but the country is facing another fiscal crisis not often talked about. The US Treasury is currently reporting a balance of nearly $60 billion dollars. While that number may sound great, it’s not when you consider the balance sheet comes from the country’s unclaimed money account.

With almost $60 billion in unclaimed funds to contend with, Treasury officials have a major job ahead of them if they hope to contact and alert the millions of people on the unclaimed registry list. This is why the country is urging all Americans to find your unclaimed funds on your own. The quicker you search, the faster you’ll find your share of all of that money currently stacked to the walls in Treasury vaults all across the country.