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There’s been heavy talk recently around “walking away from foreclosures” and the devastating effect it’s having on banks and homeowners. Jingle mail occurs when the borrower drops the keys in the mail and sends them back to the bank as final step in walking away from their home due to a rising mortgage and hard [...]
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photo credit: joelogon
If you ever wanted to understand how the recent sub-prime mortgage crisis has affected African-American women, then this post is for you. Chances are you’ve heard about the mass foreclosures across the nation and even the phenomenon known as Jingle Mail. We’ve read scores of articles about families foreclosing [...]
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Picture this scenario, the mortgage company receives an envelope, what they believe will be this month’s mortgage payment, is actually the keys to the house instead. The homeowner has vacated the premises, sending in the keys as a sign of surrender, but this is really the awful sound of foreclosure. Imagine the [...]
