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Subject:
Unclaimed property letters or agreements
Category: Business and Money Asked by: bizlawyer-ga List Price: $30.00 |
Posted:
16 Jan 2006 20:40 PST
Expires: 15 Feb 2006 20:40 PST Question ID: 434349 |
I'm searching for samples of letters people have received from finders (aka heir finders, investigators, locators) notifying them of the existince of unclaimed property. I also would like to see any agreement the finder may have asked the property owner to sign before assisting in the recovery of property. Please scan and post the documents, with all personal information redacted (blacked out with marker, or blurred with an image editing tool), but with a brief note as to the redacted content's meaning if it isn't obvious. Also, please don't post any documents that are marked as "confidential", "private", or indicate that sharing them is not allowed. Thanks. |
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There is no answer at this time. |
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Subject:
Re: Unclaimed property letters or agreements
From: myoarin-ga on 17 Jan 2006 14:18 PST |
I wonder if there are any blogs on the subject. If you know the names of some "finders", perhaps they could lead you to sites where someone would have received such a letter. |
Subject:
Re: Unclaimed property letters or agreements
From: kbrowntx47-ga on 08 Feb 2006 19:19 PST |
The first thing for anyone to do is throw the solicitation letter in the trash. Then contact your state's treasurer or cognizant official, and ask him/her if you have any unclaimed property. In many states you can do it online; certainly by phone. Once you have found some money/property, follow their procedure for getting it. You'll get 100% of whatever you have coming, versus 50-70% or worse. |
Subject:
Re: Unclaimed property letters or agreements
From: elukas-ga on 13 Feb 2006 22:40 PST |
Yes, of course you can do that but as someone who has worked as a finder, I see why this ke The only thing you're really doing is keeping other people from being notified that they have unclaimed funds because the finder can't stay in business contacting people unless they're paid :) There are over $3b in unclaimed funds just in the state of california because people can't make a living as finders (people are skeptical of reasonable fees and go straight to the state, which they're entitled to) and the state won't do the searching and locate people. This leaves lots of money on the table which everyone who "stiffs" a finder is not helping. If you would never have heard about it (and be honest here) the finder deserves to be paid a reasonable fee for letting you know of this money's existence and whereabouts. I know what you (the original question asker) are looking for and being that this is such a hard business, it's going to be hard getting someone to give up their own letters. Asking for copies of letters received it a better idea like you suggested. Obviously, I'm not talking about some shyster company getting granny to sign over her power of attorney and 50% of bank accounts that she already knew existed. I'm talking about 10-20% fees on long past accounts that people would never hear about without a finder tracking them down (accounts that often they were too irresponsible or unorganized to keep track of). |
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