The large claim for Maine unclaimed fund is in excess of $222,000!
By: Nicole Anderson | Posted: 14th August 2007
Proof that the problem of unclaimed money is a national problem is evident from the fact that the Maine Unclaimed Property Division owes 122 million dollars to more than 500,000 people spread all over the nation. The money is waiting to be claimed by its rightful owners.
To be more specific, a staggering 578,000 people are owed unclaimed money by the State of Maine.
There are some unclaimed funds checks that range from $50 to $100. However, some claims exceed even ten thousand dollars. Now, that is a lot of money.
Do not ignore unclaimed money in Maine. The single largest claim is worth $222,000 plus stock. What if this was owed to you?
Unclaimed money can come into existence from the most ordinary transactions. It may result due to the fact that an individual had deposited money in a savings or checking account and then had forgotten about the same. It could result from inheritances that the inheritor is not aware of. Bonds, stocks, dividends- all can result in unclaimed money.
If you have abandoned your money and if it has remained so for three years or more, your money must have become unclaimed money.
That $10.4 million of Maine’s unclaimed funds was repaid last year is touted as a major achievement. However, the truth is that $25 million got added as new unclaimed money last year. The net gain was of -$15 million in the last year.
The residents of this nation must find out whether they are owed Maine unclaimed funds or not.
A simple search, based on your name, is sufficient to determine whether lost fund is owed to you or not. The same can be done for your family and your friends as well. The unclaimed funds database of www.cashunclaimed.com covers the state databases as well as the federal databases.
Do find out whether your friends or family members are owed money or not. Simply searching for your money will not do.
To claim funds, documentary evidence is required. You will have to submit the proof of identification. You may have to submit proof of ownership of funds as well.
The states unclaimed assets division sees inflow of unclaimed cash throughout the year. Hence, you must check at least three to four times in a year for Maine unclaimed funds.
Visit www.cashunclaimed.com for information on how to claim your money. You will have to fill forms and provide information. The details have been made available on the searchable database website.
Do not restrict your search to unclaimed funds from Maine alone. You may be owed money from another state or from the federal base. Considering the fact that $35 billion is owed to millions in the nation today, you could still be owed unclaimed cash.
You or your immediate family members may be owed unclaimed money. Use the money wisely and enjoy the unexpected income.
About the Author
Occupation: VP Media Relations
Nicole Anderson offers more information about unclaimed money at www.cashunclaimed.com. Would you like to receive your lost funds check without searching 100+ individual databases? A simple unclaimed property search could mean a check in your mailbox. Click on www.cashunclaimed.com for a free money search, that includes all state and federal databases, and locate your missing money today!
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Tags: existence, thousand dollars, bonds, checking account, simple search, ten thousand, million dollars, family members, proof of identification, unclaimed money, documentary evidence, rightful owners, inheritances