Do you have unclaimed property? Find out today!
Perhaps you will have a nice, unexpected year end cash bump? Check out the State website below to see if they’re holding some long forgotten cash of yours.
The following excerpt as provided by the Small Property Owners of San Francisco Institute September 2009 newsletter has all the details. As an aside, this is a great organization to join if you own rental property or want to stay on top of the latest wacky, rental related laws that are perpetually being proposed which more frequently than not can negatively impact both property owners and tenants.
The State of California currently holds more than $5.1 billion in unclaimed property belonging to some 8.2 million individuals and organizations.
This property was acquired through California’s Unclaimed Property Law, which requires “holders” such as corporations, business associations, financial
institutions, and insurance companies to annually report and deliver property to the Controller’s Office after there has been no customer contact for three years. Often the owner forgets that the account exists, or moves with no forwarding address, or the forwarding order expires. In some cases, the owner dies and the heirs have no knowledge of the property.
To find out if any of this property belongs to you, go online to: http://scoweb.sco.ca.gov/UCP
The database will search for property associated with the information you provide, and if any money is due you, instructions and claim forms are provided. Or
you may call 1-800-992-4647 for more information.
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