Puzzled why no responses to my unclaimed funds post? (New York: lease, insurance)

[new jersey mike]

I wondering why no one responded to my unclaimed funds post. Over 170 view but no responses, do people not believe or think it's a leading spam post?

I can't be the only one who has found money. Especially now with the new federal bank regulations, if you don't have any activity in an account for 3 years and earning interest in not considered activity, you must have a minimum of 1 dollar credit or debit. After that the bank starts a dormant account process and a year later poof your money is sent to your states comptrollers office.

Oh well, I just thought I would do something nice.

njmike

[Chava61]

I saw it and I checked and found nothing. It was a waste of my time.

[new jersey mike]

Was it a waste of time or now you know you don't have any unclaimed funds. Isn't that good?


I didn't have any either but I found money for family and friends.

Originally Posted by Chava61

I saw it and I checked and found nothing. It was a waste of my time.

[MovesAlot]

Originally Posted by Chava61

I saw it and I checked and found nothing. It was a waste of my time.

So nice of people to be rude in their replies here.

I also checked out the site....I personally did not have any unclaimed funds, however I found quite a few family and friends names and passed the information on. I find it so strange how thousands and thousands of people have no clue that the government is holding money for them.

[new jersey mike]

That's great, I'm sure they were surprised and grateful.

I think there are a variety of reasons the government has the money;
1. you did forget about it, and I think very often it could be a senior or a deceased relative. I have had to go through the "discovery process" 3 times now and currently helping my wife with her moms estate. He mom was meticulous but still she missed listing 10k annuity and 3k cd. I discovered these accounts by mulling though stacks of paper. If I had not found them in no short time it would have been passed to the state.

2. Think about all of the mergers and acquisitions that happened in the last decade, a fully functional person has a hard time keeping up with it. Now with all the scam check that come in the mail, and if you deposit them you are automatically signing up for some thing, so we now though out unfamiliar mail and checks. When you look at the listing for people may are from vendors for things like rebates, deposits, interest on your money. Even if you cash a life insurance policy, if it was due for an interest payment it may go into the account after your check was received.

3. Then the type-o's was you name missed spelled at some point or did your house # change ?

4. Do you rent? check where you use to live. The payer is not going to chase you down and the postal forwarding process may have expired, so the payer just sends the money to the state.

The reasons I'm sure are limit less so just looking every now and then is worth it, I think.

Did you know the FDIC also has a listing of unclaimed funds.

How about if you own a company do you think you employees are as diligent as you would want or expect. Just for fun the name section "the Town" or two letter like A A and see all the listing for companies, townships, cities and other government entities that come up.

It is unbelievable how much money is there.

For me this is my little "pay-forward" deed. I can't imaging to many bad ripples in the pond of life being created from my original post.

Treasures in life may not be monetary but rewards of thanks and such.

Originally Posted by MovesAlot

So nice of people to be rude in their replies here.

I also checked out the site....I personally did not have any unclaimed funds, however I found quite a few family and friends names and passed the information on. I find it so strange how thousands and thousands of people have no clue that the government is holding money for them.

[mgt04]

Where's the link from the original post? I never saw your original post so I have no idea what you're even talking about:P

[new jersey mike]

Although my login is new jersey mike I posted in New York State main section.

NYS Unclaimed Funds it's Deffinitely Worth a Look


That was probably the confusion. But where ever you are just google your state and unclaimed funds. That should get you started or even better try this
Missing Money Free Search for Unclaimed Property - Officially endorsed By The States

and click on the map. New jersey and other states use the "missing money" site.
click on NY and it will direct you.

Originally Posted by mgt04

Where's the link from the original post? I never saw your original post so I have no idea what you're even talking about:P

[Gunluvver2]

NJMike,
I found out about unclaimed funds about ten years ago. Ironically I found out about it when I was called in to the IRS for an audit. Many years ago I had a trucking business and I had several trucks leased to various companies. My trucks operated in 49 states plus Canada. I closed the business down in 1982 and went to a single truck operation. About fifteen years later was when I got the call for the IRS audit. During that audit the auditor asked me why I hadn't declared interest income from a certain credit union? I told him I had never heard of that credit union. He gave me the name and contact information so I could check it out. I called the number and immediately I recognized the voice of the phone receptionist. The credit union was one that was set up for a company that I had trucks leased to when I had a fleet. That company had sold to another company and changed names. I had changed addresses and they did not know how to contact me. After so many years they turned that money back to the State Treasurer. By that time the annual interest was enough that when I didn't report it on my IRS-1099(?) it got their attention. I cashed out a pretty substantial amount of money from that credit union and sent the IRS their share, with a thank you note LOL.
GL2

[Gunluvver2]

A good place to start a search for "unclaimed funds" is a 50states.com

I think their is a listing for each state for "unclaimed funds".
After the IRS audit and finding unclaimed money, that I mentioned in my earlier response to NJMike,
I did a State by State search for unclaimed funds that I might have in all the states that I had operated a truck in. I found several thousand dollars in over payments on road use taxes, fuel taxes etc. It was a nice surprise to get these checks after being out of the business for over ten years.

GL2

[new jersey mike]

That's great GL2

I may have just found another for my uncle, a payment from a hospital.

I see after submitting the paperwork and if the ID verifies with SSN.