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Houston Mortgage > Glossary >
Credit reports and Credit scores > J 1-10
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Jingle mail
Some homeowners who they fall behind in mortgage payments don't resist foreclosure and don't wait to be evicted. Instead, they move out, drop the house keys into an envelope and mail it to the servicer. This is known as "jingle mail." Maybe some jingle mailers believe they're preventing foreclosure, but they're not. The lender goes ahead and forecloses on the property, and it goes on the borrower's credit record as a foreclosure.
Judgment
A decision from a judge on a civil action or lawsuit; usually an amount of money a person is required to pay to satisfy a debt or as a penalty.
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