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Q: Unclaimed property letters or agreements ( No Answer,   3 Comments )
Question  
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.
Answer  
There is no answer at this time.

Comments  
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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