(Part 2 of 2) People tend to search the wrong lost money sites because they are under the impression that any website that allows them to type their name in to a search box will do. (...)" />

February 3, 2012

Locate Unclaimed Money in TN – Part 2 of 2

(Part 2 of 2)

People tend to search the wrong lost money sites because they are under the impression that any website that allows them to type their name in to a search box will do. This couldn't be more incorrect. For starters, there are very few sites that actually have the official state records, and even those are notoriously not accurate because they are not updated in real time. There are many types of unclaimed property, but according to the State Treasury office, TN's most common are bank accounts, stock certificates, checks, unclaimed wages, refunds, gift certificates. Each type has its own "dormancy period", which is the amount of time that must pass before the holder has to hand the assets over to the state to be held for the owners. Because of this, a search may not show any claims due to the fact that the fund won't be turned over until the next month or year, or even for a number of years. This is why people should search regularly to be sure they have exhausted all avenues.

In addition to the issues mentioned above, beginners will run in to quite a number of hurdles that will annoy them in their searches. The only way for TN residents to know that they are performing complete searches is to educate themselves before they begin their search. The best way to do this is to copy what others are doing. Why go the trial and error route when you can learn from expert searchers and duplicate their techniques?

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