Are There Any Upfront Costs to Recover California Unclaimed Property?
That’s a great question. If you hire us, the answer is NO; you do not have any upfront costs. After your California Unclaimed Property is disbursed to you by check, directly from a California Government Depository, MuleOne will receive its FLAT recovery service fee.
How Long Does the California Claim Recovery Process Take?
Source – California State Controller’s Office
“Due to the large volume of claims being processed, the law allows up to 180 days from the date the State Controller’s Office receives a complete claim package to review all documentation and make a decision on whether or not the documentation supports the claim.
Property owner claims that only involve cash may be processed in as little as 30 to 60 days. More complex claims, such as those filed by heirs, those involving multiple owners, or those involving businesses are generally processed within the 180 day period.
After the claim is approved, additional time is required for the payment of claims that involve securities.
Research needs to be done to determine if any corporate activity (such as corporate mergers, acquisitions, stock splits, or dividends), affecting the value of the security, occurred during the period that the security has been held by the state. Please allow an additional 90 to 180 days for this research by the state depository.”
Are You a Law Firm?
No. However, we have a highly skilled network, of attorneys and researchers. They assist us with legal interpretations, concerning the rights and privileges of owners, and heirs of unclaimed property.
Are You a Collection Agency?
No. MuleOne is NOT a collection agency. We return Unclaimed Property (money, stocks, bonds, and other securities) to the rightful owner. We have ZERO direct or indirect contact with collection agencies.
How Much Unclaimed Money is the California State Controller’s Office Holding?
Based upon an official California government press release, published by Debra Tortorelli (CA government employee). On January 31, 2024, the California State Controller’s Office affirmed that it is currently holding Unclaimed Property worth a total of $13 billion. [Yes BILLIONS of dollars] It’s important to note that the California State Controller’s Office does NOT deal with real estate.
How Much Is MuleOne’s FLAT Recovery Fee to Recover California Unclaimed Property?
We will prepare your complete claim package, and manage your Unclaimed Property case from start to finish for one FLAT Recovery Fee. Our FLAT Recovery Fee of 10% includes MuleOne paying ALL of the required expenses to recover your Unclaimed Funds.
Does MuleOne recover California Unclaimed Property for Claimants that live outside of the USA?
Yes. We have several Clients that do NOT live in the USA. There is a FLAT Recovery Fee of 10% for the recovery of Unclaimed Property for Clients living offshore.
Will MuleOne Buy My California Claim?
MuleOne may buy your claim; depending upon the specifics of your case. If we buy your claim, you’ll be paid within 10 days, and you will not have to wait several months for the government to act.
Why Does MuleOne ONLY Recover California “State Funds” Unclaimed Property?
MuleOne is committed to being THE California Unclaimed Property expert by focusing on California “State Funds” only. Other companies handle various types of fund recovery cases across multiple states, but MuleOne believes specializing in one specific recovery area (state funds) in one specific state (California) provides better recovery services to its clients.
What Exactly Is California Unclaimed Property?
Unclaimed Properties are assets that the property owner (claimant) rightfully owns and may have forgotten about. Or the rightful property owner may have never known they were entitled to the existing assets.
California Unclaimed Property Examples include; bonds, certified checks, checking accounts, credit balances, debentures, dividend payments, drafts, escrow accounts, insurance claims, interest payments, mineral rights, oil and gas rights, mutual funds, pension funds, rent deposits, royalties, safe deposit boxes, saving accounts, stocks, wages, and other assets.
In many instances, the owners of these funds are deceased, and their heirs do not know about the existence of the asset or money. MuleOne often contacts owners and heirs to inform them of their Unclaimed Funds’ rights.
What Is A California Warrant?
California State claim checks are called warrants because they are guaranteed by the State Treasury at the time they are issued. The State Comptroller’s Office (SCO) warrants, or guarantees, that funds will be available when the state claim check is presented for payment.
What Does California Law Say About Unclaimed Property in California?
These are the rules and regulations for California unclaimed property law: California Unclaimed Property Law and Regulations – Code of Civil Procedure Sections 1500-1582, AND the California Code of Regulations, Administrative Code, Title 2, Division 2, Chapter 2, Subchapter 8, Articles 1-5.
Where Does Unclaimed Property Come From?
There is over $70 billion dollars currently being held in different government departments, depositories, and bureaus in the USA. The money being held is made up collectively from various sources, including, but not limited to, financial instruments, bankruptcies, tax overpayments, mortgage overpayments, and other transactions.
Rightful owners of these funds outside of California do not know that in some cases if the unclaimed funds are not claimed within the dormancy period, the funds will be escheated (kept) by the government. This does NOT apply to California Unnclaimed Property.
Why Did You Contact Me? I Know I Don’t Have California Unclaimed Property.
Many of our clients didn’t know they had funds waiting to be claimed. MuleOne contacted you because the Unclaimed Property exists, and you appear to be the rightful owner of the property. Your name (or your deceased relative’s name) and home address are listed in an official public government database, listing you (or your deceased relative) as the rightful owner. We can help you recover the property. We find owners of Unclaimed Property by researching massive amounts of data. We continuously monitor data for Unclaimed Property and its rightful owners.
Why Am I Being Notified About This Right Now?
After a period of time known as dormant, organizations or agencies that hold the Unclaimed Property are required to send one letter to the last known address of the rightful owner. If there’s no reply, the property is transferred to a depository. In California, if the property remains unclaimed for one year (that period varies from state to state). Investigators and Heir Finders are then permitted to locate and contact the rightful owners of the property.
Why Did This Property Become Unclaimed?
This property may be unclaimed because the owners did not know it existed in the first place. Or the owner may have forgotten about the property. Oftentimes the Unclaimed Property belonged to a relative, now deceased. And now a family member may be the heir and entitled to the Unclaimed Property. Since the owners are now aware that the property exists, we can help them recover the property.
What Is The California Property You Found For Me?
Once you contact us, we’ll provide you with the property’s precise value listed by the depository and where the property is being held. Many of our so-called competitors will not disclose that information to you unless you sign a contract with them.
How Did You Find My California Unclaimed Property and Me?
Claimants are usually located through our continuous research of Unclaimed Property databases. MuleOne uses skip-tracing platforms and programs, lots of data, and private investigator resources to locate claimants. We will also do old-school door-knocking if necessary.
Do I Need an Attorney?
No. However, if you choose to consult with an attorney. Ask the attorney how many California Unclaimed Property claims s/he has successfully recovered for clients.
How Can I Make Sure That This Is Not A Scam?
- Read the law. In California, unclaimed property is regulated by the California Secretary of the Controllers office (SCO). The SCO enforces the Unclaimed Property Law (Code of Civil Procedure Sections 1500-1582), which covers unclaimed money.
- Check out the news media. Unclaimed money has been written about in the Wall Street Journal and Forbes. Unclaimed Money has been featured on shows like Fox Business, CNN, and National Public Radio (NPR).
- In the United States, according to CNBC, on February 1, 2023; there is an estimated $70 Billion dollars in Unclaimed Money being held by government treasuries. The Unclaimed Money comes from insurance policies, bank accounts, stocks, paychecks, escrows, rent security deposits, etc.
- You have no risks. Our company MuleOne shoulders the costs of all claim submission efforts, such as research and legal work. Our team will prepare your claim documentation, do all the legal work, and manage the required processes on your behalf. While you do other things you normally do with your time.
- The California Government disburses your claim check to you directly. We’ll update you throughout the recovery process. We’ll notify you of the approval. And the government depository involved will send you a claim check directly for the money that is yours. At that point, we will receive our recovery fee.
I’m Afraid To Share My Personal Information
Public Information Claim (PIC) solution: If you’re extremely concerned about sharing personal information with our company, we can still help you. In today’s climate of fraud, we understand. Here’s your solution.
Our Public Information Claim (PIC) solution is just for you. MuleOne will prepare all of the required depository claim documents. We’ll use public information and our online resources, and send the documents to you. You’ll add your private information to the PIC documents we send you. You’ll then mail the complete claim package directly to the depository holding your funds.
Only you and the depository holding your funds will see your private information. From that point forward our company, MuleOne will continuously represent you before the depository until your claim is approved. The depository will then disburse your claim check directly to you. And our MuleOne recovery fee will be disbursed to us.
Who Are We And Why Should You Choose Us?
We’re MuleOne. We are California state depository, Unclaimed Property experts. We specialize in recovering ONLY California Unclaimed Property from the government for our clients. This is NOT a business we do part-time or as a “side-hustle.” California State Unclaimed Property recovery is all that we do. We are committed. If you do not recover your Unclaimed Property. We do not receive our recovery fee.
When you talk to us about using our property recovery services, we’ll inform you of the precise amount of your unclaimed assets and which depository holds them. Many of our so-called competitors will not give you that information unless you sign a contract with them.
We are dedicated to providing excellent service with the utmost attention to detail. To save our clients time and energy, they rely on us to locate their Unclaimed Property and go through the tedious process of recovering their money for them.
If you have any questions, call or text us at 213.273.6230. We’ll take your call immediately or respond as soon as possible.
What Are Your Limitations?
MuleOne recovery services do not include recovering unclaimed property from real estate transactions like Mortgage Surplus Funds, Foreclosure Surplus Funds, or Tax Funds. We ONLY recover “State Funds” Unclaimed Property from California depositories.
However, call us if you have questions about Real Estate or out-of-state transactions. We should be able to point you in the right direction to help you secure good professional help.
Do You Recover Unclaimed Property From States Other Than California?
We specialize ONLY in California Unclaimed Property. If your claim is outside of California, call us and we may be able to refer you to a professional in your state.
Can I Still Hire You To Help Me Recover My California Unclaimed Property If MuleOne Did Not Contact Me?
The answer is yes. Contact us to discuss your case. MuleOne will provide a FREE Unclaimed Property strategy session to determine if we can help you recover your funds.
What Do You Need From Me?
We will begin the process of recovering your Unclaimed Property immediately. Just return the signed standard Investigator Agreement. Return the agreement to us via email, USPS mail, or mobile phone scan/picture. That will allow us to contact the depository holding your property on your behalf, and start the Unclaim Property recovery process for you.
How Can You Be Sure The Money Belongs To Me?
We do all the research on your behalf. If you are the sole rightful owner, all of the property goes to you. If you share the property with someone else (family member, spouse, ex-spouse, etc.), you will get your percentage of the property you’re owed, and the other person will receive their share.
If your deceased spouse or family member is the one that was entitled to the property, you will receive the property on their behalf. In some divorce cases, the property distribution settlements grant one partner all of the property. If you own a company entitled to the property, you will receive all of the Unclaimed Property.
How Long Do I Have to Claim The California Property?
In California, there is no time limit for filing a claim for Unclaimed Property (state funds). Other states may differ.
How Can I Receive The California Unclaimed Property?
Property recovered from a California depository will be sent directly to the claimant via check/warrant by the California depository holding the property.
Are Services Like This Legal?
Yes! MuleOne is registered with the California Secretary of the Controllers office, as Investigators and Heir Finders, which authorizes MuleOne to assist claimants in recovering Unclaimed Property. MuleOne can act as your representative to process your claims and deal with the government depositories on your behalf. You must have proof that you are, in fact, the rightful owner of the Unclaimed Property. You will then have every right to claim the property.
I Am Hesitant To Sign Legal Documents With A Company That I Do Not Know.
All documents will be provided, sent via email or regular mail, and discussed with you via phone, or text. This is to make sure you have a complete understanding of all the paperwork that needs to be signed and that your permission is granted.
All documents that require your signature will only be about your particular claim and do not give MuleOne any power over anything else in your life.
MuleOne does not have any access to any of your personal financial information or any authority to make decisions on your behalf about your claim. All signing of documents will be done in your area in the presence of a locally licensed notary public.
Can I have a Family Member Handle My California Claim for Me?
Yes, you can have any family member or person you trust call us. However, you will be required to be present when the documents are signed. Your signatures must appear on all claim forms and agreements as the claimant. You will be required to verify your identity via a driver’s license or another form of government identification before we can process the claim on your behalf.
Can I Do My Own California Claim Recovery?
Yes, you may be able to do the claim recovery yourself. However, you’ll have to first get the answers to numerous questions. Which laws and statutes cover unclaimed property in California? How do you start the claim recovery process? How does the complete recovery process work? How do you prove ownership of the unclaimed property? How much will it cost to recover the claim? How long will the recovery process take? Do you know how to increase the speed of your claim processing?
Or you can use our MuleOne unclaimed funds’ recovery services and enjoy your everyday life while we are doing all the work. You’ll have no upfront costs.
And your check will be dispersed directly to you from the state depository; then we’ll receive our recovery service fee
Is It Okay To Think About It First?
Take all the time you need to think. But remember, the sooner we start working on your recovery case, the sooner you’ll receive your claim check directly from the government.
Why Should I Send In The Investigator Agreement? My Claim Is Not That Big.
We’ll only be able to represent you before the state depository after you’ve signed the Investigator Agreement. After your property has been disbursed to you, we’ll receive our service recovery fee. By signing the Investigator Agreement, you will lose nothing.
You’ll gain excellent professional claim representation and peace of mind. And upon your claim being approved. Your claim check will be sent directly to you by the state depository.
Sign the Investigator Agreement, and return it to us today.
The Owner Of The California Unclaimed Property is Deceased. Can Someone Else Claim The property On Their Behalf?
The Unclaimed Property can be claimed by the deceased spouse, son, daughter, other relatives, or a personal representative.
What If I have California Liens Or Judgements?
We may still be able to help you recover a portion of the Unclaimed Property. Don’t let the money sit there and go completely to the state.
Is MuleOne Hiring?
The short answer is yes.
You must have the following 3 qualities:
Integrity
Intelligence
Energy