$25 Billion in Unclaimed Money owed to Americans

    /24-7PressRelease/ - SANTA ANA, CA, November 22, 2005 - It is reported that 8 out of 9 people have unclaimed money. The nationwide total of unclaimed money is estimated as high as $25 billion dollars owed to millions of people! Chances are most Americans or someone in their immediate family has money waiting to be claimed.

Most people have put a deposit down for a gas, electric or telephone account at some time. They may have moved and forgot about the deposit? The money is theirs, but now the electric company doesn't know where to send it. The money is placed in state's treasury department fund for unclaimed property. This is one of hundreds of places missing money may come from.

The most common types of Unclaimed Property are:

· Savings/checking accounts, safe deposit box contents
· Stocks, mutual funds, bonds, dividends
· Uncashed cashier's checks/money orders
· IRS refunds
· Wages, child support payments
· Matured or terminated insurance policies
· Estates
· Trust funds, escrow accounts
· The list goes on...

There are 2 ways to search for unclaimed money.

Option One: Search 50 state and the many federal databases trying all possible name variations (William Smith may be listed as W. Smith or Bill Smith). The government has not created a single database to search for unclaimed money.

Even if a person has only lived in one state they may have money in other states databases. An insurance company in New York that owed someone money on a policy may place the unclaimed money in the state of New York's database, regardless of the state of residency of the beneficiary.

Option Two: Utilize an all in one database. Searching in a quality, single source database will search all state and federal databases, all possible name variations and provide the instructions and forms for submitting a claim once money has been found.

The reason the amount of unclaimed money is growing billions year after year is people are not searching to see if any is owed to them. It may be money that was forgotten about or an inheritance the person never knew existed. People will never know until they look. A simple search may mean a check in the mailbox.

CashUnclaimed.com. is the largest unclaimed money database, including all state and federal databases. CashUnclaimed.com was founded to assist owners in easily locating and claiming their lost funds. The site offers more information on unclaimed money and free unclaimed money search at www.CashUnclaimed.com.

Contact Nicole Anderson at 714-277-3040 extension 707 for an interview or any media questions. Or contact her by email at: [email protected]

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