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04/04/2017

Database shows more than 4,000 properties unclaimed by Cape residents

The state of Maine has more than 4,000 unclaimed properties belonging to Cape Elizabeth residents.

The office of the state treasurer maintains a searchable database with literally millions of dollars worth of unclaimed properties. In a press release last summer, Treasurer Terry Hayes said more than $16 million was claimed by state residents in 2015-16.

A search of the state database returned 4,100 records of properties reported as belonging to individuals with Cape Elizabeth addresses

Unclaimed Property consists of money and other personal assets that are considered lost or abandoned when an owner cannot be located after a specified period of time. It includes checking accounts, certificates of deposit, over payments, gift certificates, paid-up life insurance policies, unpaid wages, commissions, uncashed checks, death benefits, dividends, insurance payments, money orders, refunds, savings accounts, stocks and contents of safe deposit boxes.

Unclaimed Property does not include real estate, animals or vehicles.

For more information or to search for unclaimed properties, please see the state's unclaimed properties website, http://www.maine.gov/treasurer/unclaimed_property/index.html


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