Lisa Madigan Quotes

I rescue families who are losing their homes because they have no jobs and they can't pay the mortgage and the banks are foreclosing on their homes.

I know what it's like to have a house repossessed... I've been there.

My father lost his business. Our house was locked up, and we had to leave.

The problem with not saving is it can often mean you're - a crisis away from, as we've seen in some cases, living in your car or losing your home or - having your lights shut off.

Debt has become a part of who we are… Normal is broke in America.

Morality aside, there are other factors deterring 'strategic defaults,' whether in recourse or nonrecourse states. These include the economic and emotional costs of giving up one's home and moving, the perceived social stigma of defaulting, and a serious hit to a borrower's credit rating.

Giving debt relief to people that really need it, that's what foreclosure is.

When I was young, people lived from paycheck to paycheck. Today, it seems like they live from credit card payment to credit card payment.

Every day there are homeowners in California who will either receive relief so they can stay in their home, or will be in the foreclosure process and potentially lose their home. And that always weighed heavily on my mind.

The couple of years before I was declared bankrupt were the roughest. The bank letters, the pressure, the stress was awful. You're in this twilight zone of not knowing where your life is going, and yet you're in Westlife. Everything was great with the band. I was earning money, and it looked good.

Millions of Americans were duped by the federal government and the Federal Reserve into buying homes they could not afford and failed to count the cost. When the financial crisis of 2008 hit, they could not keep up the monthly mortgage payments and defaulted.

My father made false teeth. Unfortunately, during the Depression, not many people could afford them, and my parents lost their home.

You never cash out a 401(k) or IRA to pay off debt, unless it's to avoid a foreclosure or bankruptcy.

I had been working for eight years and all I had to show for it was this horrible debt. At one point we had the bailiff at the door.

If it isn't the sheriff, it's the finance company; I've got more attachments on me than a vacuum cleaner.

I'm short-selling my house. I have more loans than I can sell the house for. The house will not go into foreclosure. It will be a short sale. I can't afford the house as I once could.

The evergreen story of people in debt becomes even sexier in an economic downturn, when debts inevitably get harder to pay.

Many a poor soul has had to suffer from the weight of the debts on him, finding no rest or peace after death.

We all know of families who have obligated themselves for more than they could pay. There is a world of heartache behind such cases.

Foreclosure is to no one's benefit. I've heard estimates that mortgage investors lose 40 to 50 percent on their investment if it goes into foreclosure.

Trapped in the bureaucracy nightmare, real families suffer when the big banks and their servicers force foreclosures. The emotional toll on children packing up their rooms and on parents struggling to find a temporary roof is a deep one.

You have to pay the bills when you're a single mum.

I'm the king of debt.

There's no advice for when you're out of money, and there's none coming in, and nobody's going to give you any.

Foreclosures are a significant problem; they're an economic problem.