Free Money. Tax-Free.
I know two places that lots of people can retrieve free money, typically $50 to $5,000, sometimes even more. Your mileage may vary.
You don’t have to pay taxes on it. You don’t even know the money exists. It’s not collecting interest, and no one will come looking for you. (Sometimes people will try to match you up with your money for a fee, but you can do it yourself for free.)
I got over $1,200 this way, and I’ve helped others retrieve thousands of dollars they didn’t even know was waiting for them.
First, if you’ve ever had an FHA-backed home mortgage loan (or you recall the word ‘HUD’), and the loan has been paid off for any reason, you likely have some cash that’s just waiting for you to claim it. More about that in just a minute.
Or, go to your state’s Treasury Department website and check their Unclaimed Property list to see if anyone has turned in money in your name. I know that sounds really unlikely, but it happens a lot (more than 1.5 million times every year in New York, for example). An old bank account, summer job paycheck, insurance payout or tax refund check you never cashed must, by law, be turned over to your state treasury (in your name) 5 years later. There are lots of reasons your money can end up here.
Basically, you check online to see if they have anything for you, mail the state capitol a notarized form with your name and address, and they send you a check. You should never have to pay anybody a dime for any of this money (except a few bucks for notary service, or usually free at your bank or municipal offices).
Just go online to your state’s homepage (your state’s two letter name plus .gov as in NY.gov for example) then type Unclaimed Property in the Search box. Or, drill down through the menus Govt. Agencies, Treasury or State Comptroller, Unclaimed Property . . . Read a few FAQ answers, see if they have money for you, fill out a short form, get a check in a few weeks. Typically, any taxes owed were taken out years ago, so you just cash the check and keep the money. Check with your tax preparer to get advice about how to treat this ‘found’ money on your tax return.
Also check http://www.missingmoney.com to cover (some of) the other 49 states (not all states are plugged into the database yet — keep checking back). Or check Google for more leads.
Even if you don’t find anything for yourself, you may discover money owed to a relative with the same last name.
The FHA refund plan applies to anyone who ever got an FHA -backed home mortgage loan issued by HUD’s Federal Housing Authority, and then paid it off. An ordinary, “conventional” loan might be quoted as 6%, but FHA loan rates, typically lower, are quoted like this: 5 per cent, plus a 1/2. The ”plus a 1/2″ per cent pays an insurance premium to protect a pool of similar loans that were all placed around the same time as yours. Anyone who pays off their loan by selling the house, refinancing the mortgage, or just plain paying it off, owns a portion of that exclusive, self-liquidating, self-insurance fund. If you don’t ask for it, Uncle Sam will patiently hold it for you until you do ask, with no charges, no fees, and no interest. They’ll be happy to wait forever, until you ask for your money.
Your money. Often a few hundred to a few thousand dollars, depending on how long you made payments on the loan, how many other homeowners in your pool defaulted on their loans, etc. It just takes a few minutes to find out how much money might be waiting for you.
For FHA refunds, go to http://www.hud.gov/offices/hsg/comp/refunds/ and find if there’s money for you. All you need is a last name to get you started.
Tell your friends.
Charlie Gosh
.
.
Tobacco has a big secret that will astonish you . . . http://www.charliegosh.com/?p=48
Learn a simple trick to take advantage of the next recession . . . http://www.charliegosh.com/?p=97
my mother in law got $1400 with the first method
I just sent this post to a bunch of my friends
Why won’t they just send me my money? Why you gotta be like that?
i found $155 thank you
I found some cash – thanks!
Im getting $588. Can I buy you lunch? Just kidding. but thanks
I didn’t get anything but I found over 100 buck for my bro
DANG
my old boss ript me off. i just found my old paycheck
thanks dude
checkt new york has 85 dollars for me
very cool
found 200 buck for myself
i found 185 bucks for my old man
i should make him split it with me
i didnt get any money but i think a guy at works got a bundle coming Cant waite to tell him
how come they keepin my money
Nothing for me but I think my next door neihbors on there.
I got 2418 bucks. Metropolitan Life was sitting on my money for over 10 years.
This is all right!
Hi – I would like to say thank you for an interesting site about a subject I have had an interest in for a long time now. I have been lurking and reading the comments avidly so just wanted to express my thanks for providing me with some very good reading material. I look forward to more, and taking a more active part in the discussions here, whilst learning too!!
great post , really good view on the subject and very well written, this certainly has put a spin on my day, many thanks and keep up the good work
I wanted to thank you for this exceptional blog!! I unquestionably enjoyed every small piece of it. I have bookmarked your site to check out the new articles you post. Thanks again!
I wanted to thank you for this exceptional post!! I without a doubt liked every little bit of it. I have bookmarked your site to investigate the fresh stuff you post. Thanks again!
dam it works
I would have to say this is an superior piece of work. I say this needs mentioning somewhere else. Would you mind if I placed a link on my site to this post?
I wanted to give you thanks for this outstanding blog!! I undeniably enjoyed every portion of it. I have bookmarked your site to
Simply want to say your article is as tonishing. The clearness in your post is simply spectacular and i can assume you are an expert on this subject. Well with your permission allow me to grab your rss feed to keep up to date with forthcoming post. Thanks a million and please keep up the gratifying work.