Helpful Tips

Missing Money Found. Could It Be Yours?

Would you be surprised to learn that Billions and Billions of dollars are missing…just waiting to be found by the rightful owners? What happens to this money…and how can you get it back if it’s yours? Here’s the scoop.

Why Is the Money Lost?

When individuals move and forget to change their address, companies or banking institutions cannot contact them. So any property left behind is turned over to the state as “unclaimed property.” The state then acts as a custodian of the property until the rightful owner claims it.

Where Does the Money Come From?

The most common types of unclaimed property include bank accounts and safe deposit box contents; stocks, mutual funds, bonds, and dividends; un-cashed checks and wages; insurance policies, CDs, trust funds; utility deposits and refunds; and escrow accounts on home loans.

Is Some of This Money Yours?

To determine if you have any unclaimed property with the state, jump on the web and visit Click on the state that you live in, and you will be directed to the appropriate website. You will either be able to perform a quick immediate search online, or a few states give you the information on how to just contact them directly to inquire. If you have lived in several states, do a quick search for each, since the funds will be held in the state they originated.

But Be Careful…

Be cautious of solicitations by mail or email that require you to pay a fee to obtain information about unclaimed property. You may end up paying a fee and receiving no information about unclaimed property, just the contact information for the state. Any unclaimed property information can be obtained free of charge by visiting the above listed website.

What about money in Canada, or Federal money such as IRS returns, Savings Bonds, or Federally insured Credit Union accounts? While you’re on, just hit “links” at the top of the page to search these resources as well.

By taking a minute to do a quick search, you may find out you’re a bit richer than you think. Pass this article on to your friends, family members, or colleagues…but be sure to remind them to include you in their celebration if they find their missing stash of cash!

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James K Barath, CMPS®

James K Barath is a Certified Mortgage Planning Specialist®, Certified FICO® Professional, Certified Military Housing Specialist® and your FHA Home Loan Expert. He is also a graduate of Purdue University, The CMPS Institute, Dale Carnegie Human Relations Course & Napoleon Hill Foundation's PMA Science of Success Class. It's your home and your future. It's his profession and his passion. He is ready to work for your best interest. Contact James for your FREE Home Loan Approval !  His Motto: I Facilitate the American Dream Through Responsible Mortgage Lending and Financial Literacy!

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