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Home Based Business Opportunities - Unclaimed Money


Number of Customer Reviews for Unclaimed Money: 0

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There are people all over the world who are in desperate need for money, but thousands of persons in the US are unaware of money that rightfully belongs to them and that they can claim this money and get hold of it within days. There are estimates that over US$30 billion is being held in federal and state accounts, which means that 7 of every 10 Americans have money owed to them and is being held by the government.

There are some listed methods to help ensure that you find your unclaimed money. Search for all possible variations of the name; look in all possible state and federal databases, preferably a quality database that contains all the relevant information in one place. It is important to know the past addresses of the person, and try to keep track of payments, refunds etc as far as possible. Once you locate money owed to you print the necessary forms and make the copies of the IDs or documents needed to process the claim.

Some forms of unclaimed assets include stocks, bonds, utility deposits, FHA insurance refunds, paychecks, safe deposit box contents, IRS refunds, wages, child support payments, estates, mineral interests and royalty payments, trust funds, and escrow accounts.

The vast majority of this unclaimed money and property originates from banks, insurance companies, utility companies, and many other institutions. The law holds that any unclaimed money and property can be held in suspension for anywhere between 2 to 5 years before being turned over to the state.

The government does put “tracers” on jobs to find the people to whom money is owed, but they do not try hard enough. Tax records and social security records can be tapped to find out exact information of the individuals, but is rarely done. The money goes into the government coffers. Many unruly individuals abuse this opportunity and con people in the name of assistance to get their money-back.


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