It's called "unclaimed property" and The State of Texas is holding on to $7 billion dollars worth right now. Seven billion dollars is the same as 7000 million. That's a lot of cash.
What is unclaimed property?
It's not real estate or abandoned houses. Unclaimed property can be money the state holds until the rightful owner can be found. It's things like abandoned bank accounts, uncashed paychecks, escrow accounts, dividends, and mineral royalties.
Every year hundreds of millions of dollars go unclaimed in Texas. No one will call you if you have unclaimed cash. There is a way to find out for free. The Texas comptroller, who holds all the unclaimed funds, operates a website. The website is Claim It Texas.
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