te treasury departments across the country keep on taking in more unclaimed money property forumeach year than they give back to the rightful owners. Due to the fact that everyone believes in the old “if it’s too good to be true” saying, the majority of property forumpeople do not believe that there are truly tens of billions of dollars waiting to be claimed nationwide. Even for those few who have come to accept the truth about unclaimed properties, the best way to track these monies down eludes property forumthem most of the time. The Prairie is State is one of those rare states that is holding over 1 billion dollars on its own, which means if you are a property forumresident of Illinois then you have even better odds of locating a claim in your name, especially after you consider that the state has just under 13 million people and there are over 10 million names on the state’s Illinois list. Even though there are quite a few more, Illinois names the following as the most common types of missing money: abandoned savings and checking accounts, unpaid wages or property forumcommissions, stock, bonds, mutual funds, un-cashed dividends, customer deposits or overpayments, credit balances, refunds, money orders, travelers checks, paid-up life insurance policies, safe deposit box contents. People property forumat some point in the past is encouraged to search regularly. The Illinois State Treasury has given back over 432 million dollars since it took control of the unclaimed money program in 1999, 84 million dollars of which was given back in 2006 alone, but with $1.4 Billion waiting to be claimed and more coming in all the time, the pile of cash will continue to grow. Because money is constantly added to property forumthe fund, it is important to check regularly, not just once. Money belonging to you could be added tomorrow, or next week, or next month, or depending on the type of property in 5 years if that’s the proper dormancy period. property forumEach kind of asset has its own dormancy period within each state, after which state laws require the holder to turn it over to the state who will then hold it until the rightful owner comes forward to claim it. Additionally, residents of Illinois may be owed unclaimed money in other states even if they have never lived in property forumor even been to them. Items like insurance overpayments when an employer utilizes an out of state insurance company can cause found money to wind up in other states. Issues often also arise when corporations are incorporated in another state. The bottom line is that the state of Illinois is currently holding a massive amount of money that is owed to its residents who just need to learn the right ways to search, how often to search, and where to search. Learning these search methods from experienced funds locators in this field can give you a boost in your abilities to locate your money. Author’s Resource BoxUnclaimed money and property expert Russ Johnson has been assisting Americans in finding their unclaimed money online since 1997. His site is http://www.unclaimedmoney.net which is updated regularly and offers guaranteed official searches for Illinois unclaimed money and missing money across the country.property forum$2T Lost In Retirement:, Seniors E they wish to do so at this stage of their lives. For some, the shock of seeing their lives suddenly altered regardless of their careful planning is devastating. For many senior homeowners the government-insured Home Equity Conversion Mortgage(HECM or Heck-um) is a property forummortgage payments for life and in many instances, receive a monthly payment to subsidize their income. The recent legislation that passed, H.R. 3221, raised the national limit to $417,000 for the HUD HECM loan and therefore more borrowers than ever before will be able to take advantage of this program (HUD has not released the effective date of the new limits as of this time but it is expected that they will do so on or before November 1, 2008). Government Reverse Mortgages allow borrowers access to their equity, do not require monthly payments and the seniors always own their home. Interest rates, borrowers ages, property values all property forumhave an impact on the amount for which a borrower will qualify. With the recent increases to the LIBOR (London Inter Bank Offered Rate) margin and with the decrease to housing values in much of the nation, the effect has been one of of eroding the amount a borrower can receive on a reverse mortgage. Borrowers who were shopping just a few months ago have in some instances been surprised when they made the decision to continue with their reverse mortgage, only to find that the margins had risen on the loans and they were now eligible for less money. property forumThe silver lining in the cloud however is that there are still fixed rate programs available with very low interest rates (if you are paying off a current mortgage and want to take all your proceeds up front – you cannot take a monthly payment with a fixed rate HECM). There are also some Constant Maturity Treasury programs available and those rates have recently dropped making them still very attramhttp://propertysia.my/