Unclaimed Property in Massachusetts
Tips & Advice to help you make your decision on Unclaimed Property in Massachusetts
Are you on the lookout for quality, fairly-priced equipment for your home or business? Many companies are scoring deals by attending auctions held for unclaimed property in Massachusetts.
Unclaimed items may provide a way to furnish business offices without much time, funds, or effort.
Unclaimed property refers to cash and items that have wound up in possession of cities and counties due to seizure by law enforcement, abandonment by the original owners, or death of the owners. While liquid assets are held by government agencies until claimed by the proven owner, physical assets are typically auctioned off to raise money for the Massachusetts government. For businesses on a small budget, these auctions can mean an opportunity to bid on necessary items like office furniture, computers, and office supplies. Many times these previously owned goods can be obtained at prices far below value. To participate in an auction for unclaimed property in Massachusetts, businesses simply need to know when and where the auction will be held. This information may be found at the Massachusetts Department of Treasury as well as on state databases for unclaimed assets.Business.com is a resource for information about products and services like unclaimed property auctions. Browse the links to the left for more details.
Unclaimed Property in Massachusetts
Locate MA unclaimed property to use in your businessBy Emmet McMahan A court may classify unclaimed property in Massachusetts as abandoned, lost or mislaid. These classifications have their origins in common law and can be difficult to interpret under modern legal systems. Massachusetts abandoned property law generally ensures property is not left ownerless and property owners usually have a superior claim to a trespasser who discovers the property.
There are specific forms and procedures to follow when claiming Massachusetts abandoned property. Generally, the state serves as the custodian for abandoned property in Massachusetts until the appropriate agencies approve the finder’s claim on the abandoned property. Massachusetts companies frequently lose property through misfortune or carelessness. Unclaimed property can be an inexpensive way to obtain business equipment.
There are general types of MA abandoned property:
1. Liquid assets such as a dormant bank account, safe deposit contents, unclaimed deposits or refunds, uncashed checks and unused insurance benefits;
2. Abandoned property the original owner is unlikely to return to claim. Certain property such as wrecked cars, ships or aircraft may belong to the state;
3. Property confiscated by law enforcement or repossessed by a loan company. These items are frequently auctioned off to the public.
Find agencies that handle unclaimed property in MA
Beware of sites that charge you a fee to help you find contact information for the Massachusetts unclaimed property division. This information should be available from your state government at no charge.
Try: Conduct a national search at MissingMoney.com by first and last name, and state. The Massachusetts Abandoned Property Division keeps a database of unclaimed property that is searchable by name, business name and city.
Participate in an auction for abandoned property in MA
Most states have their own auctions to allow prospective buyers to bid on unclaimed or otherwise abandoned property.
Try: Carsfrom500.com allows you to search for government auctions in your area. You can specify zip code and a search radius on its website. SeizedLuxuryHomes.com allows you to search for seized homes by zip code. You may bid on these homes at local or online auctions.
Search for the Commonwealth of Massachusetts abandoned property in your city
Some communities in Massachusetts have a department that attempts to reunite unclaimed property with its owner. This department can answer specific questions regarding lost or abandoned property.
Try: Aiken County has an unclaimed property program. You can access a list of people and businesses owed from the county website. The Evidence Unit for the Weymouth Police Department holds unclaimed property that it sells at periodic auctions.
- Unclaimed property in Massachusetts that the owner deliberately hides or conceals may be a treasure trove instead of mislaid property. The property must remain concealed long enough for the owner to be dead or undiscoverable. A treasure trove may belong to the finder or the property owner.
Find Unclaimed Property Here. Massachusetts' Local Search Engine.
View Unclaimed Government Money. Get Answers Now on Ask.com!
Audit Defense, Planning & Reporting Let OUR experience work for YOU!
Partnered with Worcester Hospital's Assumption College Go Places!
Search to see if you have unclaimed money in your name



