Those people who have already lost their homes to forcloser could get $1,500 to $2,000 payments. 5 banks are on this agreement. Mortgages are being lowered. Oklahoma is not doing it. It's the only state out. This agreement is for the people who haven't been able to pay their mortgage. They can negotiate a deal with their bank. Bank of America, Ally Financial Inc, Citigroup Inc, J.P. Morgan Chase, and Wells Fargo & CO, are the banks doing this. If you win your case and get your papers signed in 2012, you won't have income tax on it. $17 Billion was set aside for this, but the home owners lose is up to $700 Billion. Home owners making payments bigger than needed can't do this, but can try to refinance into a new one. If you've already forclosed, you can contact the state attorney general's office and request being put on the list for receaving money. Some states have more money than others on this.