Understanding How Property Becomes Unclaimed

If you were asked to take a mental stock of all the property that you own, how well do you think you’d do? You might consider your home, one or more vehicles, any land that you own, stocks and bonds, liquid cash deposits and maybe a boat or an RV. What if you were told that you might own property that you can’t immediately count for? According to recent reports, 8 in 10 Americans are owed property that went missing sometime in the past. Most of these Americans have no idea that the property went missing, nor do they know how to claim what rightfully belongs to them. To find out if you are one of those eight in ten Americans and to find out what types of property might be coming to you, it is important to further your understanding of unclaimed property by looking at a few of the ways property gets lost at all.

Unclaimed Property – A Few Real-Life Examples

Understanding unclaimed property becomes easy once you realize how hectic most Americans’ lives truly are. Most people have a job that takes up most of their day, a family to care for and social lives that take up the rest of their limited free time. Then there are hobbies, bills and general life problems that cause people to look the other way when, say, a check comes in the mail and ends up getting thrown away because the bill payer has opted for paper-free billing and just wasn’t expecting a paper check to come in. Or when a person changes jobs and betters their situation only to leave behind a 401K account and possibly even a bank account, a returnable security deposit and a final paycheck if they ended up moving out of state.

Incidentally, the same whirlwind lifestyle that causes the money to remain missing also contributes to Americans not knowing that the money exists, or even how to search for it. Thanks to a media blitz, more unclaimed property owners are becoming aware of the problem; and many are finding out that searching for unclaimed property is simple once you know how.

To help with understanding unclaimed property and to claim any loot that may be coming to you, just in case you may have left some behind thanks to your hectic day-to-day, visit one of the largest databases of its kind in the world, Cash Unclaimed. Just make sure you have enough room in your driveway for a car or boat, enough money to house a boat at a marina or, you never know, there may be cash waiting for you at the end of the unclaimed property tunnel. Search today and find out.