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.

Ask an Expert about Jingle Mail

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 Tracy
Paul Tracy

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.

Verified Content You Can Trust
verified   Certified Expertsverified   5,000+ Research Pagesverified   5+ Million Users