By: Kim Wilson

Kim Wilson — Sun, 13 Jan 2013 15:13:26 +0000

The FBI could tell them where the home owner is in 10 minutes I bet, if they really wanted to return the money and all money at unclaimed property turned over to the government by banks and investment houses nation wide. Charge 10% of the amount turned over to the government as a standard fee to pay for the staff to find the owner, instead of letting the funds pile up all over the country with no real solution. Some people have a neurological disease like my Dad has alzheimer’s and do not even know where their money is. 1 in every 17 people have some form on mental illness etc…
I filed an SEC whistle blower case a long time ago that addresses closing agents and the banks payoff both collecting the same fees on the HUD1 at closing in the categories of property taxes and property insurance. I demonstrated how it happened to me and collected the documents from the property tax office to prove how bad the problem is because they keep great records. The Seminole county property tax office said the “mistake” happens all the time and they have to cut double payment checks back to closing agent, attorneys and banks. If you get caught you just return the money to the home owner. The citizen has no idea it even happened to them. I realized this is probably a lot bigger then Madoff if they would trace over payments of property tax refunds all the way back and where the money ended up and the SEC ignored my concern. The sample two page report I requested had over payments as high as $62,831.13 for one payment. And these #’s do not even include the amounts that were never sent to the tax office to be refunded on the record.

Comments on: Sheriff’s Foreclosure Surplus Funds Sit, Over $100,000 Waits to be Returned

By: Kim Wilson