Palonek Reminds Residents Of Texas To Collect Their Unclaimed Property

Online, August 31, 2011 (Newswire.com) - It's never too late to claim part of the $2.2 billion in unclaimed property currently being held by the Texas Comptroller's office.

In fact, according to the Comptrollers office in Texas, "One if four Texans has money and items from old bank accounts, royalty and payroll checks, insurance policies, safe-deposit boxes and other sources." On average unclaimed property amounts to $1,000 per claim. These are better odds then most lotteries says Edward Palonek, founder of foundmoney.com, which was the first company to allow people to search for money on the internet.

There are many claims that are even more and in one case, $4.3 million dollars on unclaimed money was paid out in 1996 to someone in Dallas.

By Texas law, financial institutions, companies and even landlords must make an effort to locate the owners of unclaimed or abandoned accounts and if they can not locate them after a one to five year period, they must hand over these accounts to the State's Comptrollers office in Texas.

In fiscal 2010, the Comptroller's office returned over $163 million in 2010, about a 10% increase from 2009.

"During these very difficult economic times, taking action now could put much needed money in the pockets of thousands of residents in Texas" says Palonek.

Search for yourself, your family and your friends today and see what may be owed to you. Find out what you may have been missing by searching our unclaimed money website. 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. There is no deadline for claiming forgotten and unclaimed money or other property in Texas. In fact, if the owner has passed away, heirs can legally claim their family's assets.

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