Real Estate News
Unclaimed propert and money
Did You Know The State of California is Holding Over $6.1 Billion in Unclaimed Property? Some of it May Be Yours!
Eureka! The State of California is currently in possession of more than $6.1 billion in Unclaimed Property belonging to approximately 17.6 million individuals and organizations.
The State acquires unclaimed property 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 and does not leave a forwarding address or the forwarding order expires. In some cases, the owner dies and the heirs have no knowledge of the property.
Click the following link to read more: arc.asm.ca.gov/member/26/?p=custom&pid=276
