Millions Of Dollars of Unclaimed Property Waiting To Be Claimed - KLTV.com - Tyler, Longview, Jacksonville |ETX News

10/13/06-Tyler

Millions Of Dollars of Unclaimed Property Waiting To Be Claimed

In today's fast paced society it's easy to lose track of your valuables. Things like utility deposits, or un cashed checks. Money you may not even know you have. The state of Texas wants to return it to you. This Sunday an addition in your newspaper will list the names of those with unclaimed property. 

Bobby Barrow, a retired oil field worker is just one of more than 200,000 Texans with unclaimed property. It's money Barrow says he did not know he had.

"Yeah, I would like to know what it is," said Bobby Barrow, who has unclaimed property. In your local newspaper Sunday, you'll find a number to the Texas Comptroller's Office in Austin.  

"Yes, I was checking up on some unclaimed property," said Barrow. Five minutes later, Barrow learned he had several unclaimed items.   In the end Barrow found the Cherokee County Electric Co-op owed him more than $200.00.

"I didn't think I had any really," said Barrow. Most people don't, which is why the Better Business Bureau of East Texas says many seek outside help. If you do that, however, the BBB says you have to be aware of scams.

"I your assets are in somebody else's hand, you may never see your assets again, so you really need to know who you are dealing with when you respond to any sort of an advertisement," said Kay Robinson, BBB. Barrow says for him it was not hard to just do it himself.

"They are supposed to send a claim form in seven to ten days and then it takes 60 to 90 days to get the money," said Barrow.   The Texas Comptroller's Office says the names in this Sunday's paper are for those that have $100 or more unclaimed money.   To recover your unclaimed property, or just find out if you have any, call 1-800-654-3463, or go to our homepage and click on the Know More on 7 link. There you will find Recovering Unclaimed Property.

Molly Reuter, reporting. mreuter@kltv.com

 

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