Frequently Asked Questions
How Did You Find This Money?
We audit different government agencies on a regular basis for unclaimed funds due to citizens like yourself.
How Did You Find Me?
We usually locate our clients by doing internet searches.
How Much is My Claim? Where is it Being Held?
Once you have signed our contingency fee agreement, we’ll be happy to disclose where the funds have been located!
Can’t I Find the Money on my Own?
The governmental agencies we audit typically DO NOT post these unclaimed funds accounts online. You are welcome to search state unclaimed funds websites, but if you find funds there, these are not the funds we’re informing you about.
Why Should I Use Your Company?
Most of the assets we locate aren’t available by searching the internet, and it’s unlikely that without the aid of a company like ours, that you’ll be notified of their existence by the agency holding them.
More Questions?
Just contact us! We’re here to serve you.
How? Why?
esCHEATing
Clock Is Ticking
FYI, Act Fast Now. Your leftover tax sale foreclosure funds are held for only a short time. After that, the government agency responsible for them may be permitted to steal them through a process called “escheatment”. (Yes, that word sounds like “cheating”, and it kinda is. It’s an old British colonial legal term, meaning “inherited by the Crown”.)
We think private citizens losing their funds to faceless government agencies (a system rooted in feudal 16th century England) is completely unfair. We are determined to prevent this from happening to anyone, especially you.
Why Is Escheating Bad?
Escheating might sound like an obscure legal term, but it has significant implications that can leave many people at a disadvantage. See below for why escheating is bad.
Understanding why escheating is considered negative highlights the importance of awareness and proactive measures to reclaim what is rightfully yours before it’s too late. It underscores the necessity for services like those provided by Net Claim Works that help bridge this gap and assist individuals in navigating these complexities effectively.
Loss of Personal Assets:
At its core, escheating involves the permanent transfer of unclaimed property or funds to the state. This means that individuals lose out on money or assets that could have been theirs, simply because they were unaware of its existence or didn’t claim it in time.
Lack of Awareness:
One of the biggest issues with escheatment is the lack of public awareness. Many people have no idea that they have unclaimed funds sitting with a government agency. Without sufficient notification processes in place, these funds quietly slip away.
Historical Precedent:
The concept of escheatment has roots dating back to feudal England, a time when laws were starkly different and often unjust by today’s standards. Despite this antiquated origin, the practice remains a reality, causing many to question its fairness in modern society.
Economic Disempowerment:
For some, reclaiming escheated funds could mean a significant financial boost, whether to handle debts, invest, or add financial security. Losing these funds removes potential economic empowerment from individuals who may need it most.
Bureaucratic Complexity:
The process of reclaiming assets before they escheat can be daunting due to complex bureaucratic procedures and paperwork. This can discourage individuals from pursuing claims, leading to an involuntary forfeiture of their property.
Inadequate Notification:
Government agencies typically do not go out of their way to notify individuals about these unclaimed assets, making it unlikely that someone will find out about their potential claim without specialized assistance.
Unclaimed Money Benefits the State:
When assets escheat to the state, the government benefits financially at the expense of private citizens who have lost out on what rightfully belongs to them. This can feel like an unjust enrichment for government entities.
Potential for Exploitation:
Because the escheatment process isn’t widely understood by the general public, there’s potential for misuse or exploitation by entities that take advantage of this lack of knowledge.
