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. 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. You may already know about Illinois ICash search site, but even if you do you should check it again. You may now be able to get even more money. In the future, the agency said it is working to reduce the amount of documentation required for processing homeowner mortgage premium refunds of $300 or less. Cook County Treasurer Maria Pappas wants to see if she owes you money. NBC 5 Investigates has been researching billions of dollars owed to millions of people across the greater Chicago area, mostly from places of which people aren't aware. Telemundo Investiga and NBC 5 Investigates created a search tool that allows you to check for uncashed checks in the city. This means that even though a quick search can determine that Giorgio Armani once owed former Bank of America executive Sallie Krawcheck some money or that Morgan Stanley is entitled to funds once held by a slew of businesses, including Goldman Sachs, JPMorgan Chase and AT&T, neither will be getting a phone call from the comptroller's office any time soon just because they're well-known. You never know, said Young. You can find details on that on the treasurers FAQ page. There is no way to tell if you are due these checks. 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. If I owe any money to the City of Chicago, the City of Chicago will first apply the amount of the above-referenced warrant to the amount I currently owe to the City of Chicago as an offset. If you do find money, press the claim button for each unclaimed property and fill out the online form. "What made the story memorable is he was in the hospital, had just been discharged and had some pretty significant medical bills.". Watch videos of breaking news, politics, health, lifestyle and more. January 30, 2023 - New Features on Illinois' ICash Website Make It Even Easier for People to Find Their Unclaimed Property Read More The money is then sent to the U.S. Treasury. 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 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. 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. CHICAGO (AP) Chicago is holding a mayoral election Tuesday, but it will likely take weeks and a runoff election before a winner is declared. Call us at 844-5RESPND (844-573-7763) orfill out our customer complaint form. In many states, the comptroller's office then serves as the custodian of this money until the person, person's heir or business comes to claim it. Copyright 2023 NBCUniversal Media, LLC. A Chicago family said they almost walked away from more than $6,500 in unclaimed funds, left behind by their late father, after years of failed attempts to obtain it from the Illinois State Treasurers office. 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. To see how to find Unclaimed Money Chicago, contact the database or agency in charge of keeping track of it. If you ever paid off a mortgage insured by the Federal Housing Authority, you may be due a refund of the insurance premiums you paid on that mortgage. This past October, NBC 5 informed Raul and his wife Teresa Magana that they were owed more than $4,100, according to HUDs list. 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.. It can include unclaimed property left in safe deposit boxes, uncashed payroll checks, bank account monies, utility deposits or life insurance proceeds that you've forgotten all about. WHD looks for employers who violate labor laws, and the division often recovers unpaid wages on behalf of employees. In case after case, the refunds were a welcomed surprise. 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. Make sure and search by all variations of the employers name. Passengers of BA-owner IAG and rival EasyJet have yet to reclaim some 724m (643m) in travel vouchers going back to the beginning of the pandemic. 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. Some are for thousands and thousands of dollars. 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. You can find it on your own for free, using . Despite the fact that asset recovery companies work on a contingency fee basis with no upfront fees, the vast majority of entities that have been notified that they have the right to claim money that has been left unclaimed in an unclaimed money fund do nothing to recover their money because they believe the free notification they have received is a scam and therefore do not pursue recovery. If you find your name in the list below, you should then go to HUDs online search tool where you can start the process of claiming a refund. Edit business info. If you owe money to the government, the government looks for you, Raul Magana Sr. said. 2 min read. In New York, the unclaimed funds office will also perform periodic searches in areas that they plan to hold events to serve as examples of successful claims. When we called, a recording asked us to select a language, then someone picked up within a few seconds. The Wage and Hour Division says it takes eight to 10 weeks to process a claim. We'll be adding more lists of unclaimed money in the weeks and months to come. A company, government agency, or other source owes you money, and you fail to collect it, the money is referred to be unclaimed. The agency will only share it with a homeowner by mail through the Postal Service. nbc 5 chicago unclaimed money . HOW TO CLAIM YOUR MONEY. Atwater oversees more than $1 billion in unclaimed accounts and property from abandoned safe-deposit boxes. 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. For Raul and Teresa Sanchez, nearly the same timeline: The application arrived in four weeks. Here you will learn about How do you find out if there is unclaimed money for you? When NBC 5 and Telemundo Chicago asked HUD for the total amount of money owed to homeowners nationwide, the agency said it did not have that figure on-hand, and that it required a Freedom of Information Act request to obtain. As of Sunday, 207,940 voters had cast advance ballots. 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. You have entered an incorrect email address! 3:00 pm. Nationwide, NBC 5 Investigates has found unclaimed bankruptcy money due to more than 915,000 creditors. 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. By using this site, you agree to the Terms of Use and Privacy Policy. We have created an exclusive search engine for all money owed in the Chicago area. Our tool includes all unclaimed money kept in five area bankruptcy courts: Illinois Northern District (ILNB); Central District (ILCB) and Southern District (ILSB); Indianas Northern District (INNB), and Wisconsins Eastern District (WIEB), as of November of 2021. You will be then asked to fill out an application and submit documentation. Those numbers may be a drop in the bucket given in the Chicago-area alone, NBC 5 found 30,269 homeowners who are owed collectively $16.8 million, as of last June. HOW TO CLAIM YOUR MONEY. NBC 5 Investigates Survey: Did You Find Money Owed to You By Chicago-Area Governments? HUD also explained most homeowners who have, or had, an FHA-insured mortgage are not eligible for a refund unless they paid an up-front mortgage insurance premium at a loan closing after Sept. 1, 1983. And now, you may even get more money:The State of Illinois is now required to pay interest on much of its unclaimed property, depending on when someone claims it and when it was turned over to the state. Our colleagues at NBC 5 Responds in Chicago tracked down the Magana family, who were owed more than $4,000 for insurance premiums they overpaid on an FHA loan dating back to the late 1980s. It could be an old bank account or some forgotten stock -- even a utility deposit you never got back. In Some Wards It Is, And It Has Ties to Politics, Internal Docs Show Path to Controversial COVID Testing Company's Quick Rise, 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. 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. HOW TO CLAIM YOUR MONEY: Make sure and search every possible name listed on your FHA mortgage, because HUDs search tool seems to works for a single name. How exactly does someone fail to notice such large missing sums? Chicago Mayor Lori Lightfoot (D) is projected to lose her bid for reelection, a stunning blow to an incumbent who made headlines as an underdog reformer candidate who defied expectations and won . 5. All articles, images, product names, logos, and brands are property of their respective owners. Anyone who claims their money in the future will receive their funds with that interest included. Phil Rogers has more. Young said she contacted HUD, filled out an application for a refund and recently received an email update saying the agency is processing her request. 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. By law, businesses including banks, insurance companies, utilities, investment companies, are required to turn over inactive accounts to the applicable state after a dormancy period. You can find details on that on the treasurers FAQ page. 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. WHERE TO LOOK: Start with this page on USDOLs website, which spells out the process of finding and recovering lost wages. NBC 5 Responds gets answers. 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. Telemundo Investiga and NBC 5 Investigates discovered that Chicago has more than $12 Million in uncashed checks due to over 19,000 individuals and businesses throughout the Chicago area. The next year, the numbers were smaller: HUD processed 3,300 refund claims totaling $4.4 million, with the average refund totaling $1,300. 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. Make sure and search by all variations of the employers name. You can also search for unclaimed bankruptcy funds, nationwide, through the U.S. Courts Unclaimed Funds Locator. 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. Tuesday is National Unclaimed Property Day. Telemundo Investiga and NBC 5 Investigates have discovered a total of $16,434,927.20 worth of unclaimed funds in bankruptcy cases in Illinois. Use your name to search, particularly if you've relocated. 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. Start withthepage on USDOLs site, which explains how to recover lost wages. Check each of the resources below. A murder plot. We'll be adding more lists of unclaimed money in the weeks and months to come. In the Chicago-area alone, NBC 5 found more than 30,000 homeowners owed a total of more than $16.8 million. 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. Copyright 2023 NBCUniversal Media, LLC. You can search for all unclaimed funds here. When it comes to locating unclaimed money, the federal government does not have a centralized website. Checks dating back to 1987 were found with amounts that ranged from just a few pennies up to over half a million dollars. NBC 5 Investigates Phil Rogers shares the story of a little-known trove of nearly $20,000 in uncashed checks held by the city of Chicago. And starting this year, on Jan. 14, HUD removed a notary requirement for the refund application form that homeowners receive by mail. The state will then send you an email, which will include another form that shows the exact amounts due to you. Click begin here, then search for the employer. You will receive an email from the state with a second form detailing the exact amount due to you. Fill out the form below if you found money due to you from the City of Chicago, the Cook. 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. Some two years after starting the process of re-claiming their father's money, his daughter says it was the hardest she ever had to work for any money, and she found the process riddled with unnecessary obstacles. NBC Universal, Inc. A federal judge on Thursday approved a settlement which now requires the state of Illinois to pay interest on unclaimed money it holds to the residents who rightfully own.