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Edward Palonek Announces That The State Of California Gave Back Record Amounts Of Unclaimed Property To Their Owners
In 2007, the first year of the new law, California´s Controller's Office sent out more that 2.5 million notices to property owners of unclaimed and abandoned cash and other assets. If the law was not changed only 499,000 would have been sent out.
Since January 2007, when Controller Chiang took office and until April 2012, he has reunited unclaimed property owners of over $2.1 billion of property. $1.3 billion of that was already in the hands of the unclaimed property department, while $767.7 million was reclaimed by owners before the property was sent to the State. In stocks alone, Controller Chiang returned 157 million stocks and securities that were lost or abandoned in his first four years of his administration. This was more than 25 times the amount returned to owners during the previous decade.
?Many Californian´s could use some extra cash right now to help pay off small bills and Foundmoney.com can help in locating some this unclaimed money?, says Palonek.
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