The state of California reported that they still have the $12 billion unclaimed checks from the 70.4 million unclaimed properties.
State Controller’s Office Starts Reaching Out To Residents
Thousands of residents in the state of California started to receive their unclaimed checks already. According to the State Controller’s Office that they started reaching out to almost 22,000 residents in the state in September to inform them about their unclaimed property.
Controller Betty Yee said “Nearly one in three visitors to our website finds property in their name, the average payout was $433 last year. It is well worth the few minutes it takes to check if we are safeguarding any property for you,” according to a published report in Washington Examiner.
Meanwhile, this is under the program called “California’s Unclaimed Property Program” which prohibits businesses or any entities from keeping the properties that belong to a customer they no longer work with anymore. The state wants these unclaimed checks to be claimed before the year ends.
Some Unclaimed Properties Across California
In a recently published news article in FOX 11, the State Controller’s Office reported some of the unclaimed properties in the state. The following properties are found in the following:
- 2,424 properties valued at $2.7 million in Los Angeles
- 471 properties valued at $368,656 in Fresno
- 2,647 properties valued at $956,379 in Sacramento
- 728 properties valued at $170,996 in Bakersfield
- 129 properties valued at $75,218 in Chico
- 122 properties valued at $183,986 in Redding
- 49 properties valued at $60,648 in Monterey
- 12 properties valued at $3,777 in Barstow
Residents are encouraged to check if they are eligible to have unclaimed checks or they can visit www.claimit.ca.gov. From this website, they can also submit claims for valuables or lost money.
Furthermore, Common types of unclaimed property include bank accounts, wages, stocks, bonds, uncashed checks, insurance benefits, and safe deposit box contents.