Jingle Mail

Written By
Paul Tracy
Updated November 4, 2020

What is Jingle Mail?

Jingle mail occurs when a property owner sends his/her keys to the mortgage lender because he/she is unable to continue to make payments.

How Does Jingle Mail Work?

Jingle mail -- denoting the jangling sound of keys in an envelope -- is the act of relinquishing one's obligations on a property by literally mailing the keys to the lending bank. For instance, if Jack can no longer make payments on his mortgage from Bank ABC and he wants to sever his connection to the property quickly, he may mail the house keys to Bank ABC and stop making mortgage payments. In so doing, he gives bank ABC control of the mortgaged property.

Why Does Jingle Mail Matter?

Insolvent property owners typically seek foreclosure or attempt to refinance their property if they are unable to make mortgage payments. Property owners usually only send jingle mail if they feel they have little or no equity in the property or have an outstanding mortgage that exceeds the value of the property itself.

Activate your free account to unlock our most valuable savings and money-making tips
  • 100% FREE
  • Exclusive money-making tips before we post them to the live site
  • Weekly insights and analysis from our financial experts
  • Free Report - 25 Ways to Save Hundreds on Your Monthly Expenses
  • Free Report - Eliminate Credit Card Debt with these 10 Simple Tricks
Ask an Expert
All of our content is verified for accuracy by Paul Tracy and our team of certified financial experts. We pride ourselves on quality, research, and transparency, and we value your feedback. Below you'll find answers to some of the most common reader questions about Jingle Mail.
Be the first to ask a question

If you have a question about Jingle Mail, then please ask Paul.

Ask a question

Paul has been a respected figure in the financial markets for more than two decades. Prior to starting InvestingAnswers, Paul founded and managed one of the most influential investment research firms in America, with more than 3 million monthly readers.

If you have a question about Jingle Mail, then please ask Paul.

Ask a question Read more from Paul
Paul Tracy - profile
Ask an Expert about Jingle Mail

By submitting this form you agree with our Privacy Policy

Don't Know a Financial Term?
Search our library of 4,000+ terms