(Part 1 of 2)

The Beaver State is famous for being the home of the huge, 11,000 foot Mt. Hood, but it is home to a lesser known mountain that is likely of greater interest to Oregon residents. As it stands today, Oregon unclaimed money has reached more than 250 million dollars. That's right, more than a quarter of a billion, owed to over a million residents. This translates in to about 30% of Oregonians, which means the chances that any given citizen is due a portion of this money are 1 in 3.

Every year, the state of Oregon takes in between 30 and 40 million dollars in unclaimed money, but only returns about $10 million to the actual owners. Since the owners of the other $20 to $30 million were not located, that money gets added to the total, so that $250 million will obviously grow. While it is certainly tough to believe that 1 out of every 3 Oregon citizens are due a claim, these monies really come from sources that we all use everyday. The OR Department of State Lands describes some of the most common sources as follows:"Unclaimed property includes savings accounts, checking accounts, unpaid wages or commissions, stocks, dividends proceeds, refunds, money orders, paid-up life insurance policies, utility deposits and contents of safe deposit boxes."

(to be continued)

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How to Find Unclaimed Money Held by Local Governments
If you have ever done business with your local government or applied for a permit or license, or that sort of thing, chances are higher that you have unclaimed money held by your city waiting for you to claim it. Check out these tips and tricks to search for unclaimed cash being held by your city or town.