Wednesday, October 29, 2014

Unclaimed Property (Part 2)


Earlier, we began to discuss how to claim your own Unclaimed Property (See Part 1 on Unclaimed Property  here).

But what if the owner of the Unclaimed Property is deceased?

The process is still very simple, and similar to the process described above, but with some extra documentation required.


Wednesday, October 22, 2014

“Scams" Targeting New Homeowners


A. Certified Copy of Your Deed.

All homeowners should be aware that, for several years now, a company called “National Deed Service” or “National Record Service” targets homeowners (new homeowners in particular) advising them that they must have a certified copy of their Deed.

This is not the case. The company is selling an unnecessary product.

As the property owner, you already have the original Deed to your home. Should you lose or misplace the Deed, your local County Clerk's Office can provide you with a certified copy to replace the original at a reasonable cost—much less than the so-called national Deed Service is demanding.
  
B. Assignment of Mortgage.

There are many companies that will send you a notice that they have “bought” your mortgage so you must send payments to them. The letter looks very official and has very specific information, because your Deed is a public record any anybody can see it.

Don’t be fooled, and don’t send any payments until you confirm with your initial bank.

If you ever receive correspondence or a phone call regarding your property, do not give out any personal information or send payment; instead, investigate further. We can help.

Friday, October 10, 2014

Unclaimed Property (Part 1)


When property (like a bank account, annuity, or life insurance policy) goes untouched or unclaimed for a certain amount of time, it “escheats” to the State. The property still belongs to the original owner, but you now have to go through your state’s Unclaimed Property division in order to claim your property.


Wednesday, October 1, 2014

Life Insurance as a Student Loan Safety Net


With increases in college tuition outpacing inflation every year, many students turn to loans to cover the cost of school. Financial institutions generally require a cosigner on these loans to secure the student's debt—nearly always the student's parents.