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Family finds $45,000 in new home _ then returns it

posted 5/20/2011 2:13:13 PM |
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Be honest..What would you do ????

By CHI-CHI ZHANG Associated Press The Associated Press
Thursday, May 19, 2011 8:50

When Josh Ferrin closed on his family's first home, he never thought he'd make the discovery of a lifetime — then give it back.

Ferrin picked up the keys earlier this week and decided to check out the house in the Salt Lake City suburb of Bountiful. He was excited to finally have a place his family could call their own.

As he walked into the garage, a piece of cloth that clung to an attic door caught his eye. He opened the hatch and climbed up the ladder, then pulled out a metal box that looked like a World War II ammunition case.

"I freaked out, locked it my car, and called my wife to tell her she wouldn't believe what I had found," said Ferrin, who works as an artist for the Deseret News in Salt Lake City.

Then he found seven more boxes, all stuffed full with tightly wound rolls of cash bundled together with twine — more than $40,000.

Ferrin quickly took the boxes to his parent's house to count. Along with his wife and children, they spread out thousands of bills on a table, separating the bundles one by one.

They stopped counting at $40,000, but estimated there was at least $5,000 more on the table.

Ferrin thought about how such a large sum of money could go a long way, pay bills, buy things he never thought he could afford.

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post a comment!


May 20 @ 2:43PM  
Maybe he decided to cover his ass with rapture coming tomorrow knowing that you can't take it with you

Seriously, your post doesn't indicate who the money belonged to originally, how long it had been up there, how many owners the home had over time, etc. It kind of leaves a mystery. I am thinking that maybe it belonged to an old timer who passed away and didn't tell anybody about it, and the heirs sold the home.

I know if I was selling my place and had 45 Gs in my attic, I damned sure wouldn't forget it. I guess we'll discover more about this in future days, assuming that there are some after tomorrow.

May 20 @ 9:23PM  
So there is where I left my money

May 20 @ 10:39PM  
It did belong to the previous owners.His father had stashed it before he died and left it to the son who sold the house..

You neglected to say if you'd keep it

May 20 @ 11:36PM  
Believe me, the temptation to keep it would be huge! But, in the end, I would return it. We're not talking twenty bucks here...we're talking over 40 grand..and as tempting as it would be to keep it, I'd be giving it back to the owner.

May 21 @ 7:22AM  

May 21 @ 1:19PM  
If kept, you can bet the IRS would consider it as 'income' to get their greedy little fingers in the fray and tax the money!


May 22 @ 6:10AM  
I agree, it would be so very tempting, Especially right now. But I would have to return it. My conscience wouldn't let me do other wise.

Damn conscience!! lol

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Family finds $45,000 in new home _ then returns it