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The Pennsylvania legislature passed Act 135 in 2008. The act established property conservatorship as a mechanism to address blight. [1] The act was designed to provide community members with standing to petition for the right to rehabilitate and take ownership of abandoned properties.
Unclaimed property laws in the United States provide for two reporting periods each year whereby unclaimed bank accounts, stocks, insurance proceeds, utility deposits, un-cashed checks and other forms of "personal property" are reported first to the individual state's Unclaimed Property Office, then published in a local newspaper and then ...
Treasury's Unclaimed Property Bureau works to reunite more than $2 billion in lost, forgotten and abandoned property with its rightful owners. Since 2009, Treasury has collected $1.134 billion in abandoned property and returned $518 million back to the rightful owners, netting $616 million for the state General Fund budget. [citation needed]
Sep. 1—WILKES-BARRE — Treasurer Stacy Garrity this week announced that Pennsylvania will receive more than $20 million in unclaimed property following a settlement that concludes the landmark ...
Philadelphia also offers homeowners with vacant lots adjacent to their properties the opportunity to purchase the lots for $1 if the property is valued at less than $15,000 and is less than 3,000 ...
Jesse Wig, Adam Colucci and Dan Spanovich purchased an abandoned high school off-market for $100,000 in 2019. A hefty $3.3 million in renovations later, the site is now a 31-unit apartment complex ...
Unowned property includes tangible, physical things that are capable of being reduced to being property owned by a person but are not owned by anyone. Bona vacantia (Latin for "ownerless goods") is a legal concept associated with the unowned property, which exists in various jurisdictions, with a consequently varying application, but with origins mostly in English law.
A newly passed bill allows Pennsylvania to return unclaimed funds to a person without a claim. The law was originally proposed by state Treasurer Stacy Garrity last year.