Claim Missing Money With Found Money®

Sources of unclaimed property are vast. Today's estimates for unclaimed property are too ambiguous. Government's own estimates have not been on par with the amount of unclaimed money. So how much money is there? You could try to divide the total amount by the number of eligible people. However as you will see this will not provide an answer. Consider these sources of unclaimed property

• Dividends, Stocks, payroll or cashier's checks
• Mutual fund accounts, bonds
• Utility deposits, MTO and other refunds
• Bank accounts and safe deposit box contents
• Insurance proceeds
• Mineral interest or royalty payments
• Court deposits, trust funds, escrow accounts
• IRS Refunds
• Local State Tax Refunds

How would you account for contents of safety deposit boxes or escrow accounts. Some escrow accounts do have amounts. Some do not even have proper searchable names. There is a lot of money out there. By the best estimate, the value of unclaimed property we have is over $50 Billion. Take 50 Billion divide it by the total population count of 281,421,906 according to 2000 US Census. The number you get is $177 per every woman, men and child. But we know that there are accounts worth tens of thousands of dollars. Next step is to figure out the amount of people being able to claim the money. One method of doing this is measuring the rate of increase, which is 13.2% from 1990. Subtract the total migrants for every 5 year period. Next step is to account for the total of old accounts which have been there since the early 1950's. Derive the mean of all accounts and you end up an average claim of $650. We then took the $650 dollars to dive the accounts into two categories. On one side we took all the accounts above $650 and computed the average. On the other side we took all the accounts below $650 and computed that average too. Then we factored the population to get a statistical idea of the amount of money per capita.
Are you ready?

3 out of 10 people have an average claim of $5,400.00
6 out of 10 people have an average claim of $240.00

Search for your money today.

Certain States have a better average. Texas for example is the state with the most people able to claim the higher amount. In Texas 4.5 people out of 10 will have an average return of $5,400.00

Searching for unclaimed money is quick and easy. It will take less then five minutes of your time, with some accounts exceeding $20,000 or more, it just might be worth your while.

State of Indiana with its population ranked 16th announced today that their total for unclaimed money is just $350 million. Not bad for a population of just over 6 million. From the 6 million we used we subtracted those who would not qualify. The average claim is about $460 dollars. However if you remove accounts under $100 then the average claim shoots up to about $1900.

There are various types of unclaimed money, here is just a short list:
Forgotten or unused bank accounts
Lost or forgotten uncashed checks
Stocks, bonds, dividends and interest
Insurance checks or refunds
Utility refunds
Safe deposit box contents
Payroll checks
State refunds
IRS refunds

For more please information please visit foundmoney.com

As Rebecca Jarvis pointed out Found Money on TV, here is a video of unclaimed money.

Usual unclaimed properties for corporations are:
• bank accounts
• stock certificates
• checks
• unclaimed wages
• refunds
• gift certificates
• other sources

Search for your money today

Oregon's Legislation that will classify property as unclaimed much sooner.

With little fan fair legislation was passed in 2008 that now requires all holders of any unclaimed property to transfer this property to the State of Oregon in 3 years after it is classified as unclaimed. The period of transfer before this was 5 years. Although this is good news for holders on unclaimed property since there will be less paperwork it is not so good for the owners of the unclaimed money.

The most common types include property reported by financial institutions, the securities industry and certain insurance funds.

The deadline for holders of these unclaimed properties must still send their reports to the Department of State Lands by November 1 of each year. Now instead of reporting unclaimed property in 5 years reports must now be sent after the three-year holding period.

According to Edward Palonek, founder of Foundmoney.com, who helps reunite people with their lost or forgotten money and was the first company on the Internet to do so, the owners would no longer be collecting interest on any unclaimed assets once it gets transfer to the State. This could amount to thousands of dollars in lost interest income, money that could be used to help pay down some credit card bills.
Foundmoney.com is a company that was started in 1994 and specializes in unclaimed money and has reunited thousands of people with their lost and forgotten property.
Cyndi Wickham, Unclaimed Property Manager with Oregon says that "with the passage of House Bill 2104, Oregon will now be consistent with California and Washington's dormancy periods for the same types of property, easing the reporting burden for holders that report in those states too." In addition the legislation changed the manner of determining dormancy on deposit accounts with an auto-renewal feature, and the method for giving notice of impending service charges by a financial institution from certified mail to first-class mail.

You don't have to live in Oregon to make a claim. If you lived there before or did business there at some time, you could still have some unclaimed accounts just sitting there, waiting for you to come forward.

These unclaimed assets come from Stocks and Bonds, Checks, Wages/Payroll, Insurance, Court Deposits, Accounts, Utilities, Trusts, Mineral Interests and Safety Deposits Boxes in Banks. "Everyone can use a bit of help right now during this tough economic times, so don't delay and visit www.foundmoney.com for the possibility of finding some cash to help pay those bills", says Palonek.

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Foundmoney at www.foundmoney.com

Not all found money is the same, some people find few dollars on the street here and there, can you imagine finding more then a thousand dollars on the street? How about tens of thousands?
The odds may be against you to find this type of money laying around. Anyone with this type of cash would surely retrace his or her path to locate the lost money. However the odds are in your favor of finding money online. How can this be? Well unlike loosing money on the street where you can retrace the path, unclaimed money comes from people who never had a physical possession of the money. This money is usually in a form of a bank account, bonds, stocks, IRS refunds and other government refunds. Sometimes the mail never gets delivered, or simply a bank account becomes dormant. Or will never gets executed and money from generations is sitting... "You can claim your Great Grandfathers fortune". The exact amount of unclaimed money is unknown, as not all states share amount data. It is now estimated that the total of unclaimed money in the US is just over 30 billion dollars. The odds of you finding a few hundred dollars are very good.

Here's how you do it. Foundmoney.com has been helping people find and claim their lost money since 1995. All you do is pay $20 dollars and you can search and use their excellent resources to find and claim money. Search today, the odds are pretty good.

In Georgia under the Unclaimed Property Act, when a company, institution or agency holds property that belongs to someone else, but has lost contact with the owner for a specified period, they must turn over the unclaimed property to the State. The State serves as the custodian for any property remitted under the Unclaimed Property Act allowing the owners or their heirs an opportunity to claim their property in the future.

"Anyone holding abandoned property in Georgia must remit it to the government when they have held the unclaimed property for a certain amount of time, which can range from 2-5 years", says Edward Palonek, founder of Foundmoney.com has been operating since 1994 where thousands of people have found a small fortune, by searching for unclaimed money. People find money in many places like street corners, old jackets, but few consider the idea of finding money online. The new trend is to search for money online.

Companies must report abandoned property to the State of the last known address of the owner. When the owner address information is unknown, incomplete or foreign, the holder company reports unclaimed property to their state of incorporation.
The places that unclaimed money can be found are:
Banking and financial organizations / insurance companies / utilities / dissolution of a business association or person / a fiduciary / a court, public corporation, public authority, public officer, or political subdivision.
Unclaimed property is in the form of, property issued or owed in the ordinary course of the holder's business, sums owing on traveler's checks and money orders, unclaimed court ordered refunds from business associations, gift certificates or credit memos, unpaid wages, employee benefit trust distributions and income, safe deposit boxes, bequeathed property, and intangible personal property (stocks, bonds, etc.) held or owing in this State.
According to Edward Palonek, some of the best ways to ensure that your money or assets do not become unclaimed are as follows;

Open all correspondence from businesses that handle your money, since by law they are required notify you before sending your money to the State; keep an accurate record of all financial matters, incase something happens to you, that way you can make sure that the people you love the most, are able to find the things you left behind; notify all banks and companies of a new address when moving; At least once a year, make a deposit or withdrawal on all bank accounts; Cash all checks received promptly; Contact the company immediately if stock dividends are no longer received; and

"There are millions and millions of dollars that become unclaimed yearly, so chances of finding some extra cash could be quite good. ", says Palonek.

Foundmoney will be launching a new online search method, the service will begin with the state of Georgia. More information will follow soon.

Over 3,645 claims of unclaimed property were paid out in the State of South Dakota in 2008. The 2009 paid out of unclaimed money numbers can expect to be even higher, says Palonek , founder of foundmoney.com, his was the first company to make a search mechanism available on a Web Site for everyone to search for unclaimed property. Found Money was started in 1994 and specializes in unclaimed assets and has reunited thousands of people with their lost and forgotten money.

In 2009 over $2.8 million was given back to the rightful holders of unclaimed property, according to the State Treasurer’s office, while in 2008 there over $2.5 million that was paid to unclaimed money owners. This could have been be a parent that had passed away or a relative or even a business that shout down. There are many reasons that people forget about this type of money. It could be that they moved, they got married and changed their name, forgot to cash a check or money order, or forgot about that tax refund.

“It never too late to start your search for unclaimed property”, says Palonek. Someone in South Dakota could find themselves $400,000 richer, because that is one amount that is just sitting there waiting for the rightful owner to come forward and claim their new foundmoney.

“If you have never won a lottery this could be your winning unclaimed money ticket”, say Edward Palonek.

One lucky person already made a claim for $300,000 in South Dakota, the largest unclaimed property that was given to the rightful owner.

You don’t have to live in South Dakota to make a claim. If you lived there before or did business there at some time, you could still have some unclaimed assets just sitting there, waiting for you to come forward.

These unclaimed assets come from Stocks and Bonds, Checks, Wages/Payroll, Insurance, Court Deposits, Accounts, Utilities, Trusts, Mineral Interests and Safety Deposits Boxes in Banks. “Everyone can use a bit of help right now during this tough economic times, so don’t delay and visit www.foundmoney.com for the possibility of finding some cash to help pay this bills”, says Palonek.