You can charge up to 10% commission as a Wisconsin unclaimed money finder.
The statutory and agency requirements for finding unclaimed money in Wisconsin is listed below:
- The locator fee is limited to 10% of the value of the property.
- Agreements to pay compensation between locators and any owners/heir are not enforceable until 24 months after unclaimed property was reported to the State Treasury.
- Any agreement to locate, recover or assist in the recovery of property presumed abandoned which is entered into by or on behalf of the owner of the property must contain the following:
(a) An explanation of the services provided by the locator and a clear and prominent statement of the fee to be paid, which may not exceed 10% of actual value of the property recovered
(b) The value of the property to be claimed, computed before and after the deduction for the fee paid to the locator service
(c) A description of the property being claimed
(d) The name and address of the holder of the property
(f) The signature of the apparent owner or agent of the owner
(g) A clear and prominent statement that the owner may file a claim with DOR without the assistance of a locator service
- Every claim filed with the State Treasurer of Wisconsin must include the following.
(a) Their official claim form containing the notarized signature of the owner
(b) A signed and notarized contract that contains all the information described in item (3) above.
(c) Documentary evidence of ownership
A claim will not be considered filed unless all of the above are completed.
- Payment will be paid directly to the owner and the locator will be responsible for collecting fees from the owner.
Please click here if you would like to print this Wisconsin unclaimed money finder summary from the Wisconsin Department of Revenue.
Wisconsin sells their unclaimed money list for $25.
There is a way for you to view records without purchasing the list, it just takes a little longer.
You can go to the Wisconsin unclaimed money search and enter a few letters of a last name.
Let’s just say you enter “Bard” (if you enter “Bar” the search engine will tell you that too many names will come up, so add an extra letter).
Now, I’m just using “Bard” as an example. You can use any combination of letters.
Once you do that and hit “search” all of the names that contain the letters “bard” will come up.
On the right you will see amounts showing either:
- less than $10
- between $10-$100
- between $100-$1000
- more than $1000
You can go to any one of the names and click on “Select”, but I like to go to the biggest and see what’s behind “more than $1000”.
When you do that you have a choice to keep looking with “find another property” or “create my claim form now”.
When you click on “create my claim form now”, you are brought to another screen asking for a little bit more information on yourself.
You have the option to click on “I am a locator”. Once you do that, you are then brought to another screen to fill in the address, email, and phone information.
You can put your own email in if you do not have the claimants yet. For the address, you can use the search methods we use using any of the online search sites and enter the correct address.
Then, you are ready to print up a claim form and you can see the exact amount of money being held!
Give it a shot and see how much money you can find.
If you don’t want to go through all of that, you can always order a list, or you can do that for a while and then order a list with the money you’ve made on commission from doing it this way.
There is plenty of money in Wisconsin and plenty of people that don’t know about it.
Check out this video for more:
Here, thousands of notices were sent out to veterans and and only 10% responded. 10%!
People need to be convinced that they have their own money being held for them!
The State might not be too convincing, but we’ll show how to get the owners to respond to you so you both get money!
If you are interested in becoming a Wisconsin unclaimed money finder please go to the opportunity page to learn more.
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