Who should be the owner of all that currency found in the bathroom walls?

I guess that by now you all know about the U.S. currency found in the wall of a bathroom by a person redoing a bathroom in another persons home. It's value they say is about $500,000. It was there when the new owners took over the house. Do the present owners own it, or does the bathroom contractor who found it, own it?

 

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The homeowners 100%.

 

I think the contractor should take the 10% offer and leave it be. But by now the attorneys are going to be in for more than that.

 

The Homeowner more than rightfully deserves it IMO.

Phoenix

 

You should make this a poll.

 

The contractor who found it has no legal right to it and should have been extremely grateful for the reward that he was supposedly offered.

 

I'm still waiting for the relatives of the guy whose name was on the box to step forward to make a claim. Greed is a many wondrous thing!

 

it is .. on my site check my sig!

I believe 100% it is the homeowners cash. He found it .. in HER house! she offered him 10%, he should graciously accept, or leave!

 

Me. It should go to me.
Seriously though, the contractor has no right to the money.

 

Hummm...They finally found where I stashed all that cash!
Come on home to Papa...

RickieB


All I want is 1 New York $500 in Gem and 1 New York $1000 in Gem..I will go away quietly:loud:

RickieB

 

I would imagine the answer depends on the state that the person is living and the terms of the sale between the old and and new owner.

In no case is the plumber entitled to anything, although if it were me, he'd be rewarded handsomly.

I think the prior owner, if the money was theirs, would have a good argument, but think it really depends on the state law and Ts&Cs of the sale...Mike

 

Hey just curious but when they do determine the rightful owner or perhaps each parties cut, do you think they will get taxed on the findings??? I say its 100% the homeowners, and that the contractor should have took the 10%. But I bet someone will get taxed on this money. And they prob wont just get taxed based on face value, they will prob be taxed for its estimated worth.

 

It belongs to the Home Owner and no one else!

I don't think that the IRS can tax anyone on the money as it was not earned income! There are no Laws on the books that I know of, that you have to pay taxes on money that kind of falls in your lap...per say!


Frank

 

Belongs to the owner.

 

??????????????But which owner, the current one, or the previous one (assuming the money was his/hers)?????????????

 

Well, they do tax people for money thats inherited. So why wouldnt they try to tax on money that was found and or acquired???

 

IMO, homeowners property. Whether she shares any is totally her decision and the contractor should quit whining. The contractor didn't have salvage rights and the owner never gave permission to keep any finds, so case closed. Maybe Ohio laws are different concerning this matter.

 

Once the items are sold, the check is issued, it will be considered income. Taxes will be justified.
The only way to do this is a cash transaction for the entire lot without a paper trail...hummm paper trail!
Yep pun intended.:hammer:

RickieB

 

First of all it should be the new owners, the house was inspected for sale the old owners TOOK EVERYTHING they wanted out of the house. Unless stated in the contract of sale " that if any thing else of value is found....and then you would have to wonder would the sale have gone through with this type mumbo jumbo worded in the contract
In response to DJP7...It cannot be taxed until a transaction with the money that was found has taken place, it shouldn't be shown as income until it is deposited either at face or or sold for profit and then deposited as RickieB stated.

I agree with RickieB

Just my 2 cents, John