(Part 2 of 2)

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

Further, residents of Illinois might be owed unclaimed property in other states even if they've never lived in or even set foot in them. Items like insurance overpayments when an employer uses an out of state insurance company can cause found money to wind up in other states. Also, issues often arise when corporations are incorporated in another state.

The bottom line is that the state of Illinois is currently holding a massive amount of cash that is owed to its residents who just need to learn the right ways to search, how often to search, and where to search. Learning these search tips from experienced funds locators in this field can give you a boost in your abilities to track down your money.

–

County to keep $516,149 in unclaimed money – San Diego Union-Tribune
SAN DIEGO COUNTY — The deadline has run out for citizens to file a claim for money owed to them by the county government, and $516,149 will be transferred to the general fund, said Treasurer-Tax Collector Dan McAllister. In October, the county …

State comptroller urges El Pasoans to check database for unclaimed … – El Paso Times
EL PASO – Texas Comptroller Susan Combs today handed out ceremonial checks worth more than $115,000 to a dozen government agencies and companies. The state has more than $2 billion in unclaimed accounts – often money from long-forgotten bank accounts …

Civic group spurs Greenburgh effort to return unclaimed funds – LoHud.com
GREENBURGH — The town may have to find another source of revenue next year after some residents say they were never told of unclaimed money the town plans to use to balance the tentative 2010 budget. The town plans to use $836,000 of unclaimed …

County to keep $516,149 in unclaimed money (San Diego Union-Tribune)
The deadline has run out for citizens to file a claim for money owed to them by the county government, and $516,149 will be transferred to the general fund, said Treasurer-Tax Collector Dan McAllister.