Posts tagged as:

jingle mail

More homeowners mailing keys to lenders instead of payments

by Moe Bedard

Instead of mailing in their monthly mortgage payment, a growing number of homeowners are sending lenders their keys.
As housing prices fall and rates on some mortgage loans rise, more homeowners are walking away from their homes, according to housing-market watchers.

These typically are people who can afford their mortgage but don’t want to pay on a [...]

0 comments Read the full article →