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Oklahoma seeks more consumers damaged by mortgage industry

The state has distributed millions of dollars to Oklahomans harmed by improper foreclosure practices of some of the nation’s largest banks. But there are millions of dollars more in the fund.

BY BRIANNA BAILEY Published: May 12, 2013
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The $10,000 check Joe Shuffield received from the Oklahoma Mortgage Settlement wasn’t enough to save his home from foreclosure.

Earlier this month, Shuffield, an Army veteran who served in the Gulf War, filed for chapter 13 bankruptcy to prevent having the 1,700 square-foot brick ranch house in The Village where he lives with his wife Shannon from being auctioned at a sheriff’s sale.

“We used the money to...

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How to apply

Oklahomans who believe they have been victimized by improper mortgage practices can apply for up compensation at www.oag.ok.gov.

Qualifying factors:

•Mishandling of loan modification

•Improprieties in the foreclosure process

•Payments range between $5,000 to $20,000 depending on the circumstances of each case

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