jingle mail

The practice of posting ones house keys back to the mortgage company because of negative equity or inability to pay mortgage investments.

"Theres going to be a lot of jingle mail this winter," Barnes says of owners who will simply pop their house keys in the mail in lieu of a mortgage check.


Wikipedia foundation.

Look at other dictionaries:

  • jingle mail — n. The practice of abandoning one s house and mailing the keys back to the creditor because the mortgage is worth more than the house itself. jingle mailer n. Example Citations: Making it harder for people to discharge their credit card debts has …   New words

  • Jingle Mail — A situation where a homeowner mails his or her house keys to a mortgage lender due to an inability to meet mortgage payment obligations and a lack of equity in the property. If a homeowner is upside down in a mortgage and feels the entire loan is …   Investment dictionary

  • Mail.ru Agent — Developer(s) Mail.ru Stable release 5.8 / 2011 Operating system Windows, Java ME, Windows Mobile, Symbian, Android, iOS Type …   Wikipedia

  • jail mail — n. A letter to the editor sent by a prison inmate. Example Citations: In prisons across the country, with their artificial pre Internet worlds where magazines are one of the few connections to the outside and handwritten correspondence is the… …   New words

  • collateral mail — n. Mail that contains or has been tainted by a noxious substance, especially the anthrax virus. Example Citation: Waxman and the committee s chairman, Rep. Dan Burton (R Ind.) sent an unusual bipartisan letter late Tuesday to FBI Director Robert… …   New words

  • trashout — n. The disposal of the entire contents of an abandoned house. Also: trash out; trash out. Example Citations: They didn t have the money to get a moving van, so they took what they could throw in the car and took off, says a local man, whose… …   New words

  • Default (finance) — Finance Financial markets Bond market …   Wikipedia

  • James Wesley Rawles — (born 1960) is a non fiction author, survivalist fiction author, blogger, and survival retreat consultant. Rawles is a Christian conservative, constitutionalist libertarian. [http://www.survivalblog.com/biographies.html SurvivalBlog Staff… …   Wikipedia

  • Housing and Architecture — advertecture appraisal mill architectural myopia architourist BANANA barkitecture big hair house …   New words

  • Money — 419 scam affluenza alpha boomer alpha earner appraisal mill bad debt art bid shielding BIY …   New words

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.