Why does my asset/property show $0?

A property shows a $0 value if it is a safe deposit box, stock or bond. See "How does an asset claim application involving a safe deposit box work?" and "How will my stock be returned?" below.

 

What type of documentation will I be requested to provide?

Please contact a Providence asset recovery investigator to determine which documentation in which may be request.

 

How can I submit my asset claim application and supporting documents?

You may submit your documentation electronically, mail, or via your Providence registered account. Click here to register as a member and electronically upload your documents to Providence Asset Recovery.

Since, documents will be requested by and submitted to official source holders, documents will not be returned to you; only send originals when they are requested.

If you are asked to submit originals, use certified mail. Keep a copy of everything you send because mail delivery is not guaranteed.

We will research unclaimed assets, assist with, or complete the asset claims recovery process on your behalf with consent. We can also review your claim and supporting documents with you. 


 

How will my stock be returned?

In some states, official government state programs authorizes certain departments to sell any security it receives. For example, in the state of Texas, Texas Property Code Ch. 74.601(e) authorizes the Comptroller to sell any security as soon as it is received. If your claim is approved before stock is sold, the shares will be returned to you electronically. Information and instructions will be sent to the broker or trading company that transferred the stock. The broker of trading company will let you know when the shares are registered and ready for active trading. The Texas Treasury Safekeeping Trust Company, the securities custodian for the Comptroller’s office, will send you a letter explaining the reactivation.

If stock has been sold, you will receive the proceeds of the sale including any dividends accrued prior to the sale date.

If an heir or heirs are claiming the stock of a deceased person, the shares will be divided and registered to each of the heirs in his/her names.

Please send  photocopies unless original documents are specifically requested by the source holding office.

 

How does an asset claim application involving a safe deposit box work?

Most items in safe deposit boxes are usually kept for one year, before being auctioned. Miscellaneous papers from safe deposit boxes are held for five years and original signed wills and military discharge papers are held for twenty years.

When an asset claim is approved before the box contents are sold, the contents will be returned to the claimant. Auction proceeds remain the property of the owner and can be claimed at any time. A street mailing address must be provided; items may not be shipped to a post office box. Each state unclaimed asset or property have their statutes regarding safe deposit box, including auctions and notice of auction. For example, in the state of Texas, 

Notice of Auction
Pursuant to the requirements of Tex. Prop. Code Ann. Sec. 74.402 (Vernon’s, 1999), this advertisement serves as notice that the Comptroller of Public Accounts will participate as a seller in an Internet auction of unclaimed safe deposit box contents including, but not limited to, jewelry, coins, and other miscellaneous items. The items will be sold on eBay using the seller name tx.unclaimed.property.