61 Quotes by Lisa Madigan

I've repeatedly seen unscrupulous lenders use every con in the book to charm and lie to homeowners. Lenders actually paid brokers a premium to put people in higher-priced loans with toxic features, such as adjustable rates and prepayment penalties.

I often say that paying off your debt is like dieting. There are no miracle cures; it takes discipline and hard work.

While most of us are trying to be more frugal, the loss of a job, a divorce, or a medical emergency can quickly sink us deeply into debt.

If home ownership is the American dream, then foreclosure certainly is the American nightmare. It destroys more than credit. It destroys lives. And its effects are felt beyond the individual family that it devastates. It shakes our entire economy.

As I travel across Illinois and talk with people, and as others reach out to my office desperate for help, I am becoming convinced that, despite their rhetoric, many lenders have no interest in actually helping their customers.

For many, the loan modification process has been a giant sham.

Foreclosure is nothing new. And it certainly will always be a fact of life for some.