What is Jingle Mail in Retail? Explained

Jingle Mail is a term used in real estate when homeowners, facing a property's declining value and an underwater mortgage, mail the keys back to the lender. This strategic move allows homeowners to relieve themselves of the financial burden when the mortgage owed exceeds the property's current value. This practice is more prevalent during economic downturns and illustrates the challenges faced by both homeowners and lenders in navigating the complexities of the real estate market.