Scams of unclaimed properties are becoming more and more familiar day by day. Many Organizations are formed in the market of Florida that assures to recover the unclaimed properties of the real owners. Many such scams are sent by mails to every consumer through the Bulk Mail system. So, such mails should not be trusted. But, here the question is about Florida Treasure Hunt which is really not a scam and governed under the monitoring of Department of Financial Services at Florida. The untaken properties of Florida valuing more than $1 billion are maintained by the Chief Financial Officer.
The unclaimed property accounts of Florida that are in the custody of Department of Financial Services includes money, assets like watches, coins, jewelry, stamps, historical items and currency as well as securities and bonds. All the unclaimed properties are stored at state school fund where those properties are used for educating common public. Many other Scam Organizations that perform the work similar to Florida Treasure Hunt charge for finding the lost properties while this organization does not charge for the service. The time frame of 3 to 5 years is considered for the unclaimed property. Continue reading »