State Unclaimed Funds Will Only Make You 10% – Check Out This Loophole Instead
By Maggie Dawson
If you”re considering becoming a money finder (if you”re not, you should be) you may be looking for lost money in all the wrong places. State unclaimed funds are where many money finders start, and there are two big reasons to steer clear of these funds and focus elsewhere.
1. These funds are, in most cases, governed by a state unclaimed funds law that caps out finder”s fees at 10% or less. This may be worth it on huge sums of money, but those are few and far between.
2. These funds are way too visible. Most states have a state unclaimed funds website, usually with a database you can search to see if you have any missing money.
After learning these two pitfalls, most money finders throw in the towel and go looking for the next big thing. This is good for you – it”s weeded out lots of competition, and has left lots and lots of money for you to collect, without finder”s fee caps, and that almost no one knows about.
The big loophole is that there are lots of funds being held outside the state level, and only funds held by state agencies are, generally speaking, governed by those laws. This means you can charge 30-50% on funds you find elsewhere – and these funds often run into the tens of thousands of dollars. These funds will never show up on a state unclaimed funds website.
So what funds are these? Real estate created funds, and money that was left out of estate/probate cases, among others. Huge amounts of money – billions of dollars – are being held outside the state agencies from these two sources. Find the funds, find their owners, and you”ll be making five-figure finder”s fees in no time. You”ll be pleasantly surprised to find most owners are delighted to pay your percentage, and just happy to have gotten an unexpected windfall – and from money they would have lost otherwise, no less.
About The Author
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