(Part 2 of 2) Because money is always being added to the fund, it's very important to check regularly, not just once. (...)" />

August 25, 2009

Find IL Missing Money – Part 2 of 2

(Part 2 of 2)

Because money is always being added to the fund, it's very important to check regularly, not just once. Money owed to you could be added tomorrow, or next week, or next month, or depending on the type of property in 5 years if that is the proper dormancy period. Each type of asset has its own dormancy period within each state, after which state laws make the holder hand it over to the state who will then hold on to it until the true owner comes forward to claim it.

Additionally, residents of IL may be owed unclaimed property in other states even if they've never lived in or even been to them. Items like insurance overpayments when an employer utilizes an out of state insurance company can cause found money to wind up in other states. Also, issues often come up corporations are incorporated in another state.

The bottom line is that the state of IL is currently holding a massive amount of money that belongs to its residents who simply need to learn the proper ways to search, where to search, and how often to search. Learning these search tips from locators with years of experience in this field can give you a boost in your abilities to find your money.

Mortgage surplus money: $18 million waiting for homeowners to claim – Chicago Tribune
Lose your home to foreclosure in the last two decades? You may be in for some surprisingly good news, said Cook County Circuit Clerk Dorothy Brown. "I have $18 million in mortgage surplus money that is sitting there waiting" to be claimed, Brown said …

Ohio owes 6% interest on unclaimed funds – Cincinnati.com
This week's decision from Franklin County Common Pleas Judge Richard Frye is retroactive to Aug. 4, 2000. Anyone who claimed forgotten funds after that date is eligible to receive interest for the time the state had the money, going back to 1991 …

'Cash Dash:' Treasurer's official helps citizens find unclaimed money – Telegraph
ALTON – One of the state's "money men" came to town Tuesday and likely made at least 35 people happy, if their claims with the State Treasurer's Office go through. "I know Ed McMahon is dead, but I always say I feel like Ed McMahon without the …

$259 Million Jackpot Remains Unclaimed – FOX Carolina
COLUMBIA, S.C. — The person holding a lottery ticket worth $259 million has not come forward yet to claim the largest jackpot ever won in South Carolina. According to the South Carolina Education Lottery, the ticket that matched all five white balls …

Lottery: $10,000 winning Powerball ticket at large – The Daily Advertiser
BATON ROUGE (AP) — A $10,000 Powerball prize won in March remains up for grabs. The winning March 28 Powerball ticket was purchased at Sunshine Grocery ‥7 on Highway 190 in DeRidder. The ticket matched four of the five first numbers drawn and the …

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