Wednesday, April 2, 2008

Surplus Stuff

The state of Maryland issued its annual list of unclaimed property today and, in a ritual that has become all too depressingly familiar, we aren't on it.

I was hoping for a long forgotten bank account that, with interest, had grown to a princely sum. A car left somewhere in a drunken stupor (though I have to believe any car left behind and forgotten couldn't be that valuable. "Honey, have you seen the Benz?" "Not since we went to the Henderson's party last Friday.")

Still, somehow 66,387 Marylanders have almost $46 million in unclaimed funds, mostly, according to the newspaper insert, from bank accounts, stocks, dividends and payroll.

How, precisely, does one "forget" about a bank account or a paycheck?

There are some interesting names on the list. A company called A Better Way Credit may not have actually found a better way, if their own finances are any indication. Ditto AAmes Home Loan, which may have more money than it knows what to do with. Ditto Accubank Mortgage Co. and Access National Mortgage. If East Coast Asset Group is missing some assets, I know where to look. The 89th medical group at Andrews Air Force Base should march right over and claim their assets. (Sorry, couldn't resist.) Lasalle Advisors? I've got some advice for you.

Lasalle Bank has unclaimed assets somewhere (hopefully, not at another bank). Rocket Fast Tax Refunds is on the list, too. (Insert your own joke.)  And the list goes on and on.

I understand that many of these folks are on the list inadvertently — moved and forgot to send the forwarding address to someone, are holding an account in escrow for an estate that is taking an inordinate amount of time to settle, that sort of thing — and some folks and businesses are listed in error.

Still, $46 million is $46 million, and I wish some of it was coming my way. Maybe I can pass myself off as Rockville High School.




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