Oklahoma Settlement Info

Well, if you're in Oklahoma, the following is of interest to you regarding the recent huge settlement made with the five largest mortgage firms/servicers. In order to benefit from funds under the settlement to be disbursed in Oklahoma, you must file claims not later than September 13, 2012. As Oklahoma originally was the lone state rejecting participation in the settlement that the other 49 states agreed to, the state atty. general worked out a settlement that ended up providing more cash to Oklahoma homeowners, and in real Dollars, than what was originally envisioned. Under the terms reached, Bank of America will pay the state $8.4 million, Citigroup will pay $1.5 million, GMAC pays $935,000, JPMorgan ante's up $4.0 million, and Wells Fargo’s share is $3.8 million. This is a grand total of almost $18.6 million, quite a bit more than the state would have received, $10 million, under the terms of the original deal. The atty general says that payments to individual homeowners will be based on a showing of actual harm to the homeowner. He says that applications should include any and all documentary or other proof of the harm suffered. A simple claim without supporting evidence, apparently, will not cut it. File claims with the state attorney general's office; applications are available through the office or on line at: www.oag.state.ok.us .
As always, Good Luck.