Jingle Mail

A colloquialism in real estate, a Jingle Mail is the letter a lender would receive containing a borrower’s keys (making a “jingle” sound as the keys bounced around). This situation typically occurs when there is a sharp decrease in the market value of property, such as occurred during the 2008 subprime mortgage crisis. Jingle Mail generally refers to a Deed in Lieu of Foreclosure and in many parts of the world is also called “giving back the keys.”

Click here to get this CRE Glossary in an eBook (PDF) format.