Welcome to

Capitol News Service

Florida's Best Political Television Coverage


Visit the Lobby Tools Website


Visit Legislative IQ Website


Recent Posts



RSS Capitol News LIVE

RSS Quote of the Day

  • Pope Paul VI
    "Nothing makes one feel so strong as a call for help."
  • Harry S Truman
    "If you can't stand the heat, get out of the kitchen."
  • Lee Iacocca
    "Trouble shared is trouble halved."
  • Josh Billings
    "Words are often seen hunting for an idea, but ideas are never seen hunting for words."

Millions in Unclaimed Property up for Auction

May 22nd, 2013 by flanews

Hundreds of Millions of dollars in property are sitting in a high security vault in Tallahassee, waiting for owners to claim.

Tangible items like diamond necklaces, historic dollars, silver bars and various valuables were once forgotten. They are now snugged away in a state vault in the state capital. “If it fits in a safe deposit box, we get it,” said Florida Bureau of Unclaimed Property Chief, Walter Graham.

Every year the Bureau of Unclaimed Property receives the contents of forgotten safe deposit boxes, utility deposits along with many items. “We have to identify every single item we get, we have to describe it,” said Graham.

After the items are identified, the office tries to find the proper owners. If they succeed, they tell them how to claim their lost treasures.  “Eventually we’ll sell these items because, as you see, we can’t continue to keep these things forever,” said Graham.

But, the auction doesn’t happen for years after an item is discovered. First, banks where the property is found have three years to find the owners. If they can’t be located, the items are sent to the vault.

Even if an item is sold, rightful owners are still entitled to the value of the item. “Our goal is to sale these items for as much as possible to give back to the owner should they come forward,” said vault supervisor, Liz Tatum.

Since the bureau opened in 1961 more than 2-billion dollars worth of property has been returned to the proper owner.

If you think you have unclaimed property you can go to FLTreasureHunt.org; the annual auction will be held in Tampa on June 8th.

Posted in State News | 2 Comments »

Leave a Comment

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.

copyright © 2016 by Capitol News Service | Powered by Wordpress | Hosted by LyonsHost.com