(Part 1 of 2)

KCNC TV CBS 4 in Denver reported in May 2007 that State Treasurer Cary Kennedy currently holds more than $50 million in Colorado unclaimed money. CO abandoned money usually come from items like dormant checking accounts, utility refunds, stocks and bonds, oil and gas royalties, safe deposit boxes, uncashed insurance checks, dormant savings accounts, mutual funds, money orders, payroll wages, dividends, security deposits. Citizens who may have held one or more of these accounts or other similar accounts are urged to look for unclaimed property.

While it's difficult for most people to believe that their fellow citizens could just abandoned or "forget" money that belongs to them, it is surprisingly common. It is so common in fact that experts estimate that 7 out of every 10 Americans are owed some sort of claim, and CO residents are no exception.

(to be continued)

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