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State of Virginia Unclaimed Property

Virginia Unclaimed Property is under the jurisdiction of Treasury Department, which accomplishes its activities through a specialized section called Unclaimed Property Division in the Commonwealth of Virginia.

There are basically two major types of abandoned property, namely personal property and real property in the State of VA. The Virginia Unclaimed Property Division has unclaimed property programs for the both in accordance with the Unclaimed Property Act of the Commonwealth, which establishes it custodian of tangible as well as intangible personal properties until they are returned to the owners.

The abandoned personal property may includes money, bonds, stocks, cash, dividends, insurance proceeds, utility deposits and several other kinds of assets. The abandoned real estate in the State of Virginia is governed by the Escheats Generally Statute.

Virginia Unclaimed Funds

The funds recovered from the sales proceeds of unclaimed assets are deposited into the Literary Fund, which is used for the welfare of the people. Such Virginia Unclaimed Funds are held in perpetuity by the State and are returned to the owners as soon as their ownerships are established.

A large majority of citizens have unclaimed properties in possession of the state of Virginia. It is believed that one out of every seven people in the state has unclaimed money. You can carry out VA Unclaimed Property Search on the official website of the Division to find out whether you have unclaimed funds, monies, properties and other assets with the State. It is likely that the VA Unclaimed Property List contains your name as the owner of a good fortune.

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