(Part 2 of 2)

According to Wisconsin's State Treasurer in a recent interview on a report by the Wisconsin Radio Network, they simply run out of space to keep all the unclaimed assets as they keep piling up year after year. "We do actively search for people for up to three years and then after that time, because we don't have a lot of space, we do have these auctions", she said in a report recently. The proceeds from these items are then held on to by the state like all other unclaimed monetary assets and are used by the state until the true owners step forward and claim them. "Until we can find an owner or an heir, yes, we do use the profits to support our office…", says Sass. The money from auctioned unclaimed items in Wisconsin may still be claimed at any time in the future though. "You know there are people who, you know, may be in the service and are stationed over seas for five, six, seven years and then they come back and realize that their, you know, mother's safety deposit box was turned over. So, you know, they had no way of knowing that before they came back year, so we always keep the money earmarked for whoever that belonged to, so they never lose out." the Treasurer adds. The interest earned on these monies helps fund things like Wisconsin low-interest loans to municipalities and school libraries.

According to the State Treasurer, one of the biggest checks for Wisconsin unclaimed money handled by her office was worth $750,000. All the more reason that Wisconsinites should do an unclaimed money search and learn if they have some Wisconsin 'cheese' being held by the State Treasurer.

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