World's Largest Mortgage Community

"Jingle Mail"

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
mrripper Joined: 22 Oct 2009 Posts: 12 2.63 Dollars($)	Posted: Thu Oct 22, 2009 6:33 pm    Post subject: "Jingle Mail" I've heard of this term for when people mail the keys to their house back to the bank instead of paying the mortgage and then "walk away" with the bank not being able to chase them for more than they can sell the house for - is this right? If not, what is "jingle mail"? thanks, _________________ Instant insurance Quote and info Free Debt consolidation loan quotes Avoid unnecessary taxes with a structured settlement
adonis Joined: 22 Oct 2005 Posts: 3852 Location: ALASKA 120.89 Dollars($)	Posted: Thu Oct 22, 2009 8:48 pm    Post subject: Hi mrripper, If a homeowner mails his or her house keys to a mortgage lender due to an inability to pay off the mortgage and a lack of equity in the property, then such a mail is known as Jingle Mail. Though a borrowers mails his/her keys to the mortgage company, he/she would still face a foreclosure. _________________ Procrastination is the enemy of your financial sucess

Quick Reply
Your Name
Subject
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0