Maryland has a successful auction of unclaimed property
Every now and then even a state wants to do some “spring cleaning”. In Maryland it was a bit early, but definitely beneficial to the state.
State Comptroller William Donald Schaefer announced that auction sales from 423 unclaimed property items, from abandoned safe deposit boxes, generated $86,500 on Saturday, February 4th.
The total appraised value of all items in the auction was $52,131. The single most valuable item purchased was a $3,400 diamond ring.
Proceeds from the auction go directly to the state’s general fund, which last year generated $24,232.03.
Contents of a safe deposit box are turned over to the Comptroller’s Office only after the box has been abandoned for three years and rent has not been paid. If at anytime after the auction, a rightful owner of auctioned property surfaces, any money raised is turned over to the rightful owner.
Every state has unclaimed property waiting to be claimed. Cash Unclaimed Money Search has simplified the search because it has pulled together state and federal databases for one comprehensive database to locate your unclaimed money.
