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CLEVELAND (AP) — A contractor who found $182,000 in old currency hidden in a bathroom wall has ended up with only a few thousand dollars, but he feels some vindication.
The windfall discovery amounted to little more than grief for contractor Bob Kitts, who couldn't agree on how to split the money with homeowner Amanda Reece.
Seems to me, it's the HO's money. It's the HO's house, it's her money. why should the contractor get any of it? What if he sees a $50 bill on her kitchen table? Is that his too? What if there was a dead body in the wall? Would the contractor go to prison for murder?
I also think the HO should have rights to it instead of the estate. She purchased the house with everything in it. The money is hers. If the walls and door frames had gold plated trim would the estate come and take it from her? It's her house now.
And to all the people who "invest" their cash in their mattresses. $182,000 is a WHOLE LOTTA money back in 1932, now it's a lot, but certainly not after inflation has done it's damage. That may have purchased a highrise in NYC back then. ha jk, but close. Ha, no clue. Now it will get you a really nice car or two.
Homeowners money all the way! I have found money, jewelry and others valuables in walls of homes I was working on and it didn't even cross my mind NOT to be excited for the homeowner and give it ALL to them as soon as they came back home in the evening.
I am pretty sure there is a clause in the deed/mortgage whatever that states the new owner owns everything in the house, land, etc. It was originally for mineral rights but it should apply to cash found in the walls too.
agreed newjersey? i couldn't believe the contractor got anything! if he would have just taken the money i think that would have been stealing?? unbelievable.
And to all the people who "invest" their cash in their mattresses. $182,000 is a WHOLE LOTTA money back in 1932, now it's a lot, but certainly not after inflation has done it's damage. That may have purchased a highrise in NYC back then. ha jk, but close. Ha, no clue. Now it will get you a really nice car or two.
Did some quick research and its purchasing power was about 15 times greater than it is today. This means the $182,000 was worth about $2,730,000 back in 1932 by today's standards!!!
I thought about this more the other day. I still can't believe a court decided for the estate! So what if there is more money in the walls of the other rooms? Does she have to tear out those walls now? What if her kitchen, which she loves and does not want to touch, have cash behind the walls? Should the court make her tear them down and give the cash to "the rightful owners" Does she not have rights now to tear down what she wants? Can't they make her do it, or is it just "IF" you find more, THEN give it to us"? lol
Seriously, why shouldn't she be forced to tear down the rest of the walls in the house to give the estate ALL the money they obvioulsy deserve. Why doesn't the estate sue her to force her to do it? It is their right, the court says it's their money.
The estate should have paid the taxes and mortgage of property... then it would not be an issue. But since the heirs didn't want the property, they should not be bothered with the headache or reap the benefits.
I can't believe the courts decided this way. unbelievable.
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My 25 cents
