There are billions of dollars in lost funds and property floating around the United States. It includes forgotten checking and savings accounts, security deposits, uncashed paychecks, stocks, FHA mortgage insurance refunds, customer overpayments and even tax refunds from the IRS. If the rightful owner can't be located, the property or funds are turned over to the state for safekeeping. You can find unclaimed money through your state's treasury department. 1. Search the Government Databases Many people have forgotten about money from a former bank account or a 401(k) from a previous employer. The companies are required to report this dormant money to the state, which holds the funds until claimed by the owner. New York, for example, returns more than $1 million every day to residents searching its database of lost funds. Ward warns against "treasure hunters" who contact people out of the blue and offer to search for unclaimed money on their behalf — usually for a fee. ...
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