Click Here to see the latest posts! Ask any questions related to business / entrepreneurship / money-making / life NO BLATANT ADS PLEASE
Stay up to date! Get email notifications or |
|
SOWPub Business Forum Seeds of Wisdom Forum |
|
Thread Tools | Display Modes |
#5
|
|||
|
|||
Re: How I Made $15,000 From Unclaimed Funds and Why I Will Not Do It Again
Quote:
Hi Diem, you are right there are many pitfalls in this field. For example some states like Texas make it very difficult to get finders fees on State Unclaimed property, but that's only one type of unclaimed account. It would not affect items not in the state unclaimed property office. Basically you want to after money you can get quickly. Money held by a court, for example can usually be gotten in a week or two, but money held by the state unclaimed property office can take years. I mentioned the guy who went on Oprah and found unclaimed money for many people in the audience, (some of it in the thousands!) I got his book "Assets Unknown" His name is David Folsom. It is a little outdated but has extremely valuable info on this subject. I think the biggest problem in the field would be deciding where to start! Go after the millions in unclaimed stocks? Or bank accounts unclaimed. Heirs to unclaimed inheritances? Another area which is huge is real estate. A property is seized by the state for unpaid taxes and sold at auction. Any money that the state gets beyond the tax owed has to go the original owner who lost the property. as you can imagine a huge number of these owners have no idea they have this money coming to them. We are talking many thousands of people and thousands of dollars. |
Thread Tools | |
Display Modes | |
|
|
Other recent posts on the forum...
Get the report on Harvey Brody's Answers to a Question-Oriented-Person