UNCLAIMED MISSOURI MONEY

By
Services for Real Estate Pros with Midamerica Referral Network

SHOW ME THE MONEY

 

Missouri is known as the "Show Me" state, so this Shell Knob real estate agent was a little puzzled when I read a short paragraph in the newspaper that the State Treasurer had returned more than $3.5 million in unclaimed funds and property.

 

MoneyAnd after this disbursement, the state still is holding more than $220 million in unclaimed property and funds in more than 1.5 million owner accounts.  Who are these people who forget where their money is?  I can understand not finding your car keys, or even where you parked your car in a large shopping mall, but a large sum of money?

According to the treasurer's office, most unclaimed property consists of cash from bank accounts, stocks, bonds and contents of safe deposit boxes that have been abandoned.  It can also include uncollected insurance policy proceeds, government refunds, utility deposits and wages from past jobs.

This would be a good time of year to find some extra money.  Missouri residents, or past residents, can check to see if there is any unclaimed money by using a searchable database at www.showmemoney.com 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Location:
Missouri Barry County Shell Knob
Tags:
shell knob real estate
missouri unclaimed property

Spam prevention
Show All Comments
Rainer
32,152
Judith Reppert
United Country Countryside Realty - Mount Vernon, MO
 Joan, what an interesting post.  I never knew that this resource was available online.  I'll be going over there to check it out...a little extra Christmas money is always nice!
Dec 03, 2007 04:36 AM #1
Rainmaker
153,346
Amanda Evans
DFW Living - Fort Worth, TX
Real Estate Broker - Fort Worth Texas
Joan--I search our State database every year for my clients, friends and family.  I have had the opportunity on several occasions to deliver good news to some folks.  I have intended to post a blog about this for quite some time and yours just reminded me to do it.  (I'll wait until January as yours is still fresh.)  Thanks for the reminder!
Dec 12, 2007 09:12 AM #2
Rainmaker
226,979
Joan Snodgrass
Midamerica Referral Network - Kimberling City, MO

Amanda:

I would never have thought to check it for clients.  Great idea.  Did find $300 for one of my kids who had some $300 owed him from a grocery store he worked for in high school. 

Dec 13, 2007 02:43 AM #3
Rainer
10,664
Hal Kennelley
The Kennelley Group Realtors - Rogers, AR

What a great idea!  My only trouble with that is I started selling real estate back in 1963 so it looks like I may be busy for awhile looking up names.  Oh well, business is slow anyway.  Arn't Blogs wonderful though.  People come up with such great ideas.  Here's one of mine that I came up with that I'm sure that other people are probably doing, but if you haven't tried it you might give it a try and see how it works for you.  I gather subdivision sales information from our local courthouse records and send "Happy Anniversary" cards to the owners.  I indicate what houses like theirs were selling for in their area back when they bought their home, and ask them if they would like to know what they are selling for now.  If you send a letter be sure and put "Happy Anniversary: on the envelope or they may just ash can it when they receive it.  I let them know I'll be dropping around in a few days to give them their "Anniversary Gift" ( a preprinted scracth pad or shopping list makes a nice gift, and a lasting impression)  While your there, talk to them about how the market has changed since they bought and get around to asking again if they would like to know what homes like theirs would be selling for now.  If they indicate they would this is a great chance to ask to do a walk through to see the home.  From there on your on your own. 

Using this method you've established yourself as a "Neighborhood Expert" and have very little invested when compared to the impression you should have made.  My best success story to go with this method was that the homeowners invited me back to discuss my market analysis and ended up listing their property with me.  We sold that home and they moved out of the area and bought a new home direct from a builder, within a year they broke up and I ended up selling their new home.  The husband moved back to our area and I sold him another home.  By the next year he had met and married another lady, and guess what... I ended up selling her home and she moved in with her new husband in the home I had sold him.  We'r not through yet... Within a year the home they were in became too small, and you guessed it, I listed and sold that home for them as soon as their new home they were building was finished.   There is no telling how long this may have continued but they became realtors and started to put the method to work for themselves.   

This is just one example of a method that can be quite successful if worked properly.  If you do try it let me know how it works for you. 

Sorry to have rambled on so, I'll try to do better next time.

Hal Kennelley, Broker Owner

The Kennelley Group Realtors, Inc.

Bentonville, AR

 

Apr 02, 2008 06:31 PM #4
Rainmaker
226,979
Joan Snodgrass
Midamerica Referral Network - Kimberling City, MO

Hal:

What a great idea!!  Thanks.  You should put this in a blog post and share it with the whole AR group. 

Apr 03, 2008 04:37 AM #5
Rainer
10,664
Hal Kennelley
The Kennelley Group Realtors - Rogers, AR

I would love to do that but I am new at this and have no idea how to do it.   Any help you could give me on that subject would be greatly appreciated.

Thanks for your reply, Hal

Apr 03, 2008 08:24 AM #6
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
226,979

Joan Snodgrass

Ask me a question
*
*
*
*
Spam prevention

Additional Information