(Part 2 of 2)

The total amount of unclaimed money in CA averages five billion dollars annually – imagine how much interest that generates for the state! Bill Palmer, an attorney in Sacramento who has battled in many cases involving CA unclaimed funds, sad that the state’s program was supposed to be a lost and found of sorts for Californians. Instead, it was turned into a profit generating ‘business’ in recent years.

The ban on the taking of property by CA has since been removed and the new CA State Controller, John Chiang, is making greater efforts in the form of widespread reforms in improving how his office handles CA unclaimed money. There’s still a dire need though for Californians and Americans in all states across the U.S. to learn about the presence of these funds and on how to perform a thorough search for them.

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State’s lost and found is bulging with billions – Inside Bay Area
It’s not like hitting the lottery, but it beats hunting for spare change in the couch cushions. When it comes to locating long-lost cash, one of the most overlooked places is the state controller’s office. Like a financial lost-and-found department …

Massive Underground Vault Holds Millions In Unclaimed Property – MSNBC
A huge, underground vault, just feet from the Pennsylvania state Capitol building holds diamonds, money, collectibles, art and Civil War relics — all of them unclaimed property waiting for their rightful owners to appear. Everything in the vault …

Lean times in L.A. County leave no money for the dead – CNN
(CNN) — Not even the dead can escape the recession’s sting. The Los Angeles County coroner’s office reports it has cremated an increasing number of unclaimed bodies this year for relatives who cannot afford to pick up or bury their deceased loved …