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Virginia Holds 1.7 Billion in Unclaimed Money. Is Some of it Yours?

By
Real Estate Agent with RE/MAX Distinctive / LIC in VA

"Checking the couch for spare change? You may be owed an even bigger payout, courtesy of the Virginia Department of the Treasury.  The state has $1.7 billion in unclaimed money, stocks, bonds, dividends, utility deposits, insurance proceeds, tangible property and more, according to a Pilotonline dot com report.  The state maintains a searchable database online for residents to enter their name and other identifying info to determine if unclaimed property that they’re owed has been turned over to the state. The site is vamoneysearch.org.  In 2013, a family claimed a $20,000 inheritance that the state had been holding for nearly 50 years. The average payout is $1,978.00"

 So if you have ever lived in VA, had relatives from VA, had utility accounts in VA where you might have submitted a deposit, etc., it might be worth your while to check their website to see if they are holding any money that belongs to you.

 I'm sure other states have a similar service. I know this works. When I lived in Broad Run Farms for 10 years in Sterling VA, I had NOVEC for a power company. They are a coop that pays dividends. When I checked, it turned out they were holding some money that was owed to me. I had moved from there in 1986, and of course the new owner put the power in there name. I moved to Lovettsville, and never thought anymore about it.

 

Jeff Pearl | Lic in VA

Remax Distinctive | McLean VA

703-727-4876

Homes | Land | Farms | Historic

www.jeffpearlhomes.com

Equal Housing

 

Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Finding money in an old pair of pants does it for me...Yes to not expecting $$$

Jan 03, 2015 10:17 PM
Tom Arstingstall, General Contractor, Dry Rot, Water Damage Sacramento, El Dorado County - (916) 765-5366
Dry Rot and Water Damage www.tromlerconstruction.com Mobile - 916-765-5366 - Placerville, CA
General Contractor, Dry Rot and Water Damage

I would encourage everyone to check their own state, I believe they all have this Jeff Pearl .

Jan 03, 2015 10:38 PM
Alan Brock
Keller Williams Realty Points East - Greenville, NC
Brock Realty Group

Great post Jeff, seeing that there $1.7 billion outstanding it is much needed too - hope this helps some Virginians find some treasure.

Jan 03, 2015 10:48 PM
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

#1- Hi Richie, Yes, any unexpected money is a good thing!

#2- Hi Tom, Good idea! I think you are correct, these days every state should have this.

#3- Hi Alan, Thanks. Just think if every state was holding 1 billion + and returned it to owners. 50 billion put back into the economy should make a noticable improvement!

Jan 03, 2015 11:26 PM