‘Treasure Hunt’: Unclaimed property may be waiting for you
The state reports 1 in 5 Floridians have unclaimed property
TALLAHASSEE, Fla. – If you’re sitting around at home during the coronavirus pandemic, you might think about searching for treasure.
Not buried treasure, but unclaimed property being held by the state.
After accounts have been inactive for seven years, state law requires banks and others to turn over the unclaimed assets to the state.
The state reports its holding property for one in five Floridians.
Radio personality Shane Collins said he got bored during the pandemic, searched FLTreasureHunt.gov on a lark and hit the jackpot.
“I just put in my name and started searching,” Collins said. “Literally, there were, I don’t mind telling you, thousands of dollars in my name that I had no clue about. If I had not searched that website, I would not have found that money.”
Along with individuals, 1.3 million businesses have unclaimed property totaling nearly half a billion dollars.
“I put in my name — my first name, my middle initial. And then I did it with my middle initial and my last name, and it pulled up different accounts all across the state of Florida where I had worked in broadcasting or where I had lived or made business transactions,” Collins said.
Collins said the good fortune couldn’t have come at a better time.
“I couldn’t believe the amount of money that was sitting in . the state fund for years,” Collins said. “Now, it’s coming back to me and my family at the perfect time. We are so grateful.”
The real property ends up in a vault in the state capital.
It’s usually auctioned in the spring, but this year’s auction has been delayed until fall.
And fear not, if the state has already sold your treasure, you’re still entitled to the money that it brought in. The proceeds from any property or cash not claimed goes into the state education fund.
And there is more good news: You never lose the ability to claim what’s rightfully yours, even decades later.
Copyright 2020 by WJXT News4Jax – All rights reserved.If you’re sitting around at home during the coronavirus pandemic, you might think about searching for treasure.
Orlando area holds more than $359 million in unclaimed property
Check to see if you have unclaimed property
ORLANDO, Fla. – Florida’s top financial official is on a treasure hunt to find the owners of millions of dollars worth of unclaimed property.
Jimmy Patronis, the state’s chief financial officer, announced Monday that the Orlando area currently has more than $359 million in unclaimed funds. Overall, Florida has $2 billion in unclaimed property.
Patronis is encouraging Floridians to join what he’s deemed his Holiday Money Hunt to help connect people and businesses with property that’s rightfully theirs.
“Now is the perfect time to search to see if you or your business has unclaimed property in Florida. With the holiday season being an expensive time of year, we could all use a little extra spending money,” he said in a news release.
According to his office, one in five Floridians has unclaimed property. People can recover and claim cash that has been unknown or lost by heading to FLTreasureHunt.gov.
Patronis said to keep up with this month’s Holiday Money Hunt, follow the hashtag #FLHolidayMoneyHunt on Twitter.
Copyright 2020 by WKMG ClickOrlando – All rights reserved.
About the Author:
Gaby is a multimedia producer from Miami. She graduated from the University of Florida and joined the News 6 team in 2018.Florida CFO Jimmy Patronis is encouraging Floridians to participate in his Holiday Money Hunt. ]]>