Posts Tagged ‘unclaimed money in Oregon’

Crater Lake, located in the Hazelnut State, is the deepest lake in the United States and rests on the remnants of an ancient volcano. Unknown to most residents another substance sits en masse inside the State’s Unclaimed Property Division- a quarter of a billion dollars in Oregon unclaimed money.

According to Cyndi Wickham of Oregon’s Department of State Lands in a report by local tv station KGW, “We’re holding money for one in four Oregonians. You have better chances at [getting] this money than winning the lottery.”

Here’s part of an interesting article on Oregon unclaimed funds:

Each year, the state of Oregon receives between $30 and $40 million in unclaimed property, but only returns about $10 million to the rightful owners. Since the owners of the other $20 to $30 million weren’t located, that money gets added to the total, so that $250 million on stands to grow. While it may be tough to believe that 1 in 3 Oregon residents are due a claim, these monies really come from sources that we all use everyday. The OR Department of State Lands describes some of the most common sources as follows:“Unclaimed property includes savings accounts, checking accounts, unpaid wages or commissions, stocks, dividends proceeds, refunds, money orders, paid-up life insurance policies, utility deposits and contents of safe deposit boxes.”

With the fall of the financial giants at Wall Street and threat of another recession, learning how to do an online unclaimed money search can be your best bet of getting extra spending cash in people’s hands. Watch this unclaimed money video- Unbelievable and fun to watch as Tiki Barber gives back $823,000 to one family and $525,000 to another on Dateline NBC!