Edward Palonek reminds residents of Indiana to collect their unclaimed money

Feb. 22, 2010 - PRLog -- Unclaimed property in the State of Indiana is generally held by the State for 25 years. During that period, individuals may search for unclaimed property at www.foundmoney.com, a website that helps to reunite people with their lost or forgotten money.

According to Edward 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.

There are nearly 2 million pieces of property sitting unclaimed in Indiana that represents approximately $383 million dollars.  Hoosiers have 25 years to make a claim for the unclaimed property otherwise they no longer can and all that money becomes the property of the State of Indiana.

Securities valued at over $150 million, account for most of the unclaimed assets with uncashed checks coming in second and are valued at over $68 million. Unclaimed wages are next in line at almost $60 million and unclaimed insurance is close behind at over $51 million. The fewest number of unclaimed properties is found to be unclaimed Safe Deposit Boxes which amount to $272,000.

“What is really surprising however is that since 2006 the number of people making a claim has been steadily declining. In 2006 over $54 million was returned to Hoosiers, but sharply declined in 2007 to just over $37 million and then to almost $35 million in 2008”, says Edward Palonek.

“During these very difficult economic times, taking action now could put much needed money in the pockets of thousands of Hoosiers and others” says Palonek. In fact over 3,000 people are owned more that $10,000 each, in the State of Indiana while almost 21,000 residents are owed between $500 and $2,000 each.

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. Don’t delay in starting your search at foundmoney.com for unclaimed money, you may be richer than you think.

Contact
Foundmoney at www.foundmoney.com
Edward Palonek at www.edwardpalonek.org

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Each year, 1,000's of people lose track of their bank accounts, cash, stocks, bonds, refunds, royalties, safe deposit boxes and other property. Losing sight of property can happen to anyone. Foundmoney.com helps people re-unite with their unclaimed money