September 28, 2008

Searching For Unclaimed Property in CA – Part 2 of 2

(Part 2 of 2)

The total amount of unclaimed money in California averages $5 billion annually – imagine the amount of interest that earns for the state! Bill Palmer, an attorney in Sacramento who has fought in a number of cases involving CA unclaimed funds, said the state’s department was intended to be a lost and found for California residents. Instead, it was turned into a profit making ‘business’ in the past few years.

The ban on the taking of property by CA has now been removed and the new California State Controller, John Chiang, is making greater efforts in the form of sweeping reforms in improving how his office deals with California missing money. There is still a great need though for residents of California and the other 49 states across the U.S. to be informed about the presence of these funds and on how to do a thorough search for them.

Unclaimed funds in Hamilton County (FOX 19 Cincinnati)
CINCINNATI, OH (FOX19) – Hamilton County has over $57 million in unclaimed funds owed to people in Hamilton County. They come from dormant bank accounts, unreturned deposits on rent and utilities or uncashed travelers’ checks.

State Departments Have Unclaimed Money – WSMV

State Departments Have Unclaimed Money
WSMV, TN - Sep 3, 2008
The Channel 4 I-Team has learned that the state owes itself money but hasn't transferred the money to the correct departments. The unclaimed property
Do You Have Unclaimed Property? UC Daily News
all 2 news articles

Action Line: California is holding $5.1 billion in unclaimed money … – San Jose Mercury News

Action Line: California is holding $5.1 billion in unclaimed money
San Jose Mercury News,  USA - Sep 7, 2008
Typically the money is held by the state controller. California's Unclaimed Property Division offers a free, searchable database that currently holds $5.1

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