Since 1961, the Illinois Treasurer's Office has been tasked under state law with holding unclaimed money and property like forgotten stock dividends, rent deposits, abandoned bank accounts, uncashed checks, utility refunds and more. This [refund] is going to help a lot of my family, Raul said, adding that he never heard anything, [HUD] never notified me about this money.. The NBC 5/Telemundo Chicago Investigative and Responds teams have been researching billions of dollars owed to people across the greater Chicago area, mostly from places people arent aware of: bankruptcy refunds, unpaid wages, insurance refunds and Chicago's trove of uncashed checks, among many others. This past October, NBC 5 informed Raul and his wife Teresa Magana that they were owed more than $4,100, according to HUDs list. The investigation also found that once a homeowner finds out that HUD owes them a refund, the process to retrieve it is cumbersome; one that HUD admits it is trying to improve. WHERE TO LOOK: Theres no easy way to know if youre due any of these checks, because the city does not make its list public unless someone knows to ask for it. Your email address will not be published. Mail-in ballots can arrive as late as March 14 and be counted so long as they are postmarked by election day. If a former employer did not pay you, its possible that the U.S. Department of Labors Wage and Hour Division (WHD) is holding your back wages. How To Check Chicago-Area Governments Could Owe You Money And How to page on USDOLs site, which explains how to recover lost wages. Unclaimed Money's objective is to provide quick and affordable access to public record information, but it does not offer private detective services or consumer reports, and it is not a consumer reporting agency as defined by the Fair Credit Reporting Act. You may now be able to get even more money. It wants to reimburse property owners and $43 million in unclaimed exemptions. Tuesday is National Unclaimed Property Day. Do you think Chicago-area governments owe you money? WHERE TO LOOK? So has hedge fund billionaire John Paulson. WHD holds back wages for three years if they cant find an employee. A joint investigation by NBC 5 Responds and Telemundo Chicago Responde was first to inform many families that they were owed money by the U.S. Dept. Unclaimed property can include many things, including cash, checks, money orders, security deposits, or the contents of safe deposit boxes. Homeowners can search HUDs list and fill out the application for a refund for free. Pappas office says it has a total of more than $72 million it wants to refund to property owners, and another $43 million in missing exemptions. New Ranking Names Most Expensive Cities In Illinois and These Chicago Suburbs Top the List, Chicago-Area Counties Under Winter Storm Advisories and Warnings, Stomach Bug Cases Surging, Sending People to Emergency Rooms in Chicago Area, Here's How Much Money You'd Have If You Invested $1,000 in Costco 10 Years Ago. These FHA loans were designed for homebuyers with little or low credit history, and they came with a requirement that the homebuyer purchase mortgage insurance. Other mortgagees will appear in the results, but theyre not searchable on their own. Pappas office says it has a total of more than $72 million it wants to refund to property owners, and another $43 million in missing exemptions. If you do find money, press the claim button for each unclaimed property and fill out the online form. All rights reserved, Was Your Data Breached? The interest begins to accrue either on Aug. 22, 2017, or the date the property was turned over to the Treasurer's Office, whichever is later. WHERE TO LOOK: The state of Illinois adds new property to the list all the time, which means that even if youve claimed money from the state before, there may be new money waiting for you now. Use your name to search, particularly if you've relocated. Nationally, HUD said it had 788,650 unpaid cases worth just over $401 million. Copyright 2023 NBCUniversal Media, LLC. The unclaimed funds held by the state currently add up to an estimated $3.5 billion - with many Illinoisans unaware they're owed that money, some now with interest after Thursday's settlement. Locked in various state comptrollers' vaults are billions of dollars owed to millions of people, ranging from the average Joe to Wall Street heavyweights like hedge fund manager Bill Ackman and former Citigroup CEO Vikram Pandit. NBC5 and Telemundo Responds have discovered more than $16 million in unpaid insurance premiums owed to the United States Department of Housing and Urban Development by more than 30,000 people in the greater Chicago region who had FHA-backed loans and paid insurance premiums. Note: This NBC 5 Investigates story was originally published on Nov. 16, 2021 but has been re-posted in light of recent inquiries from viewers looking for information. The Illinois State Treasurer is currently holding more than $3.5 billion in unclaimed funds for tens of millions of people and that could include you, your family or your friends. Telemundo Investiga and NBC 5 Investigates have discovered a total of $16,434,927.20 worth of unclaimed funds in bankruptcy cases in Illinois. Maria Pappas, Cook County Treasurer, wants to know if you owe her money. Copyright 2023 NBCUniversal Media, LLC. When asked why the process takes so long, and more specifically, why HUD is not sharing the application with homebuyers electronically, a spokesperson said, Because of the amount of specific information that is pre-generated on the form, it is not publicly available, nor can it be emailed.. In the past year, Florida's chief financial officer, Jeff Atwater, was able to return about $1.1 million a case of money becoming lost as it passed from generation to generation. An NBC 5 Responds, Telemundo Chicago Responde investigation finds the U.S. Dept. Treasurer Mike Frerichs' office maintains a website on the funds - known as the ICash program - where Illinois residents can search their names to see if they are owed any unclaimed property, as well as submit a claim to obtain it. NBC 5 Investigates and Telemundo Investiga have found a total $16,434,927.20 in unclaimed funds from bankruptcy cases in Illinois and across the greater Chicago area, currently due to more than 70,000 creditors, including unclaimed amounts as high as $24,305.92, in local cases that date back to 1966. Many people are listed at homes they havent occupied in decades. Al a case concerning a dispute between multiple states on escheatment of unclaimed money. This application form labeled a Form HUD-27050-B is tailored to each homeowner and comes directly from HUD. WHERE TO LOOK: Weve created an exclusive search tool for all money owed to people in the greater Chicago area, including northwest Indiana and southeast Wisconsin. NBC 5 Investigates nationwide has discovered unclaimed bankruptcy money due to more than 915,000 creditors. Did you find money due to you from the City of Chicago, the Cook County Treasurers Office, Illinois Unclaimed Funds or a bankruptcy claim? You will be then asked to fill out an application and submit documentation. Pappas office says it has a total of more than $72 million it wants to refund to property owners, and another $43 million in missing exemptions. The federal government doesn't have a central website for finding unclaimed money. One of the first steps in retrieving a refund is receiving the necessary paperwork from HUD to start the application process. The checks were meant for employees, but kept inside the city's coffers. Fill out our form here! HOW TO CLAIM YOUR MONEY:If youre listed on the USDOL search site, fill out your contact information, and DOL will e-mail you a Back Wage Claim Form. WHERE TO LOOK. Reporting Requirements Vary By State, Angering Customers and Advocates, Millions of Rental Relief Dollars in Jeopardy, Some Agencies Acting Too Slow To Pay Out, New Ranking Names Most Expensive Cities In Illinois and These Chicago Suburbs Top the List, Chicago-Area Counties Under Winter Storm Advisories and Warnings, Stomach Bug Cases Surging, Sending People to Emergency Rooms in Chicago Area, Here's How Much Money You'd Have If You Invested $1,000 in Costco 10 Years Ago. Nationwide, NBC 5 Investigates has found unclaimed bankruptcy money due to more than 915,000 creditors. Then look for the section that says, Are There Any Overpayments on your PIN? and if there are fill out the online application to start the process of getting your money back. And starting this year, on Jan. 14, HUD removed a notary requirement for the refund application form that homeowners receive by mail. Several casualties of the financial crisis, including Lehman Brothers, Bear Stearns, have numerous entries. You may be entitled to a refund of insurance premiums if you have ever paid off a Federal Housing Authority mortgage. Learn more, UAE Friendship Cup Scorecard Live Points Table. There is no way to tell if you are due these checks. We found checks dating as far back as 1987, with individual amounts ranging from a few cents, up to more than half a million dollars. And Chicago does not follow state law that requires cities to turn over their uncashed checks to the Illinois Treasurer, so people are not able find them on the statesICash website. A: As of Jan. 1, 2023, there were 1.6 million registered voters in Chicago. There are billions of dollars owed to millions of people across the greater Chicago area, most of which come from sources that most people aren't aware of, such as bankruptcy refunds, unpaid wages, insurance refunds, and the city's massive trove of unspent checks. Details can be found on the treasurers website. What is the reason underlying why IPO investors are net purchases through lead underwriters? You never know, said Young. EasyJet's most recent results suggested it had 110m in unclaimed vouchers. The Wage and Hour Division says it takes eight to 10 weeks to process a claim. Mark Zuckerberg of Facebook has misplaced some. Reporting Requirements Vary By State, Angering Customers and Advocates, Millions of Rental Relief Dollars in Jeopardy, Some Agencies Acting Too Slow To Pay Out, New Ranking Names Most Expensive Cities In Illinois and These Chicago Suburbs Top the List, Chicago-Area Counties Under Winter Storm Advisories and Warnings, Stomach Bug Cases Surging, Sending People to Emergency Rooms in Chicago Area, Here's How Much Money You'd Have If You Invested $1,000 in Costco 10 Years Ago. Search for your address or Property Index Number (PIN) to search. In the 2022 primary election, 49% of Chicago voters cast their ballots before election day. 3:00 pm. WHERE TO LOOK? If you find a refund, HUD says you should call the departments support center at 1-800-697-6967, or email them at sf.premiums@hud.gov. Last year, after returning $205 million to people who reclaimed their money, Delaware brought in about $350 million, according to the Delaware Economic and Financial Advisory Council. To get the information, we had to submit a Freedom of Information Request. Some . ", (Read more: How baby boomers are redefining retirement). NBC5 and Telemundo Responds have found more than $16 million due to more than 30,000 families in the greater Chicago area, who paid insurance premiums to the U.S. Department of Housing and Urban Development for their FHA-backed loans. It ended up, all totaled, to the amount of a mortgage payment for me, a monthly mortgage payment.. "I want everybody to lookyou just don't know, and you might not suspect it," he said. Did you come across money that you were owed by the City of Chicago, the Cook County Treasurer's Office, the Illinois Unclaimed Funds, or a bankruptcy claim that you were entitled to? The NBC 5/Telemundo Chicago Investigative & Responds teams have been investigating billions of dollars owed by millions of Chicagoans, mostly from places people dont know about: unpaid wages, bankruptcy refunds, insurance refunds, and Chicagos trove of uncashed checks. These outreach efforts and the online search tool have made it easier to find the funds and fueled a rise in the amount of money being returned as people continue to go through tough economic times and need the money, he added. WHERE TO LOOK: Weve created this exclusive search tool, where you can check for unclaimed funds from local bankruptcy cases. NBC 5 Investigates and Telemundo Investiga uncovered the tools and resources needed to find your cash. Its because theyre not looking, Sanchez said. The city also says you can email payments@cityofchicago.org with any questions about making a claim for your money. If WHD cant track down an employee, they hold their back wages for three years, before sending the money to the U.S. Treasury. With that said, both families still encourage everyone to check the website, and pursue the money they are rightfully owed. You can find details on that on the treasurers FAQ page. HOW TO CLAIM YOUR MONEY: NBC 5 Investigates and Telemundo Chicago Investiga have found that names and addresses are often misspelled on this list, and many people are listed at residences they havent occupied for decades, so you may find extra money if you try different spellings or look for old addresses. Do you qualify for money? Discussion: NBC Chicago, Washington Post, USA Today, FOX 32 . The Waterfront Commission of New York Harbor was created in 1953 when the mob had infiltrated the port and was demanding payments from workers and shippers through extortion . You have entered an incorrect email address! All rights reserved, New Ranking Names Most Expensive Cities In Illinois and These Chicago Suburbs Top the List, Chicago-Area Counties Under Winter Storm Advisories and Warnings, Stomach Bug Cases Surging, Sending People to Emergency Rooms in Chicago Area, Here's How Much Money You'd Have If You Invested $1,000 in Costco 10 Years Ago. You can find details on that on the treasurers FAQ page. Anyone who has previously claimed funds from the ICash program, starting from Aug. 22, 2017, and has a valid mailing address on file with the Treasurer's Office will receive a check in the mail. For an optimal experience visit our site on another browser. The city doesnt make its list public unless someone asks. The NBC 5/Telemundo Chicago Investigative and Responds teams have been researching billions of dollars owed to millions of people across the greater Chicago area, mostly from places people arent aware of: bankruptcy refunds, unpaid wages, insurance refunds and Chicago's trove of uncashed checks, among many others. The NBC 5/Telemundo Chicago Investigative and Responds teams have been researching billions of dollars owed to millions of people across the greater Chicago area, mostly from places people arent aware of: bankruptcy refunds, unpaid wages, insurance refunds and Chicagos trove of uncashed checks, among many others. This bag of diamonds, estimated to be worth $500,000, is among the unclaimed property being held by the California State Controller's Office.

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