Monday, December 12, 2011

How to Become an Unclaimed Money Finder

Free Money Search Unclaimed

Right now is a dynamite time to learn how to become an unclaimed money finder. Recent economic events have increased the amount of money due to ordinary citizens that's being held by the government. In many cases, if not claimed in time, this money will be lost to the government - and the biggest sums of money are those least advertised, and most in need of the intervention of an unclaimed money finder.

Free Money Search Unclaimed

The first step in learning how to become an unclaimed money finder is to learn the law. Most states limit the finder's fees an unclaimed money finder can charge to a percentage or an amount - generally 5-15%, or a dollar amount of a few thousand dollars. However, in most cases, this only applies to state funds like abandoned bank accounts, and utility deposits - funds held by the State's Unclaimed Property Division, or whatever that state's name for the agency is.

Free Money Search Unclaimed

These funds are also usually freely available for lookup on the state's website. So while that makes it easy for you to find funds, it also makes it easy for anyone else - your competition, and the owners themselves - to find. So the second step in learning how to become an unclaimed money finder is to learn which funds to work. Clearly, state funds aren't it.

Free Money Search Unclaimed

Luckily for you, due to a legal loophole, the best funds - the least publicized, the least worked by other money finders, and the biggest amounts - aren't subject to these state finder's fee limits. These funds are created from the government's sale of real estate. Specifically, the overages from tax foreclosure sale and mortgage foreclosure sale. These funds are being created at a dizzying rate, right alongside all the foreclosures you keep hearing about.

If you can find these funds, and find their owners, you're well on your way to becoming a successful unclaimed money finder. You're not subject to those finder's fee limits, so you can charge 30-50% as a contingency fee on these funds. Most importantly, these funds "escheat", meaning that if the owner doesn't collect in time, the government gets to keep the money. Thus, these owners desperately need you - even if they don't know it yet.

On real estate overages that regularly come to ,000 or more, creating a five-figure monthly income is virtually guaranteed to be possible for quite some time into the future.

How to Become an Unclaimed Money Finder

Free Money Search Unclaimed

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