http://www.wordspy.com/words/jinglemail.asp jingle mail
n.
The practice of abandoning one's house and mailing the keys back to the creditor because the mortgage is worth more than the house itself.
—jingle mailer n.
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Example Citation:
Making it harder for people to discharge their credit-card debts has other drawbacks as well. Homeowners would once do almost anything to keep up payments on their homes, even if it meant falling behind on other debts. In the past year, though, economists have reported an increase in the number of people who are just walking away from their homes, because it's now often easier to abandon a mortgage than a credit-card bill. (The practice has even been given a name — "jingle mail," because people simply send their keys back in an envelope.)
—James Surowiecki, "Going for Broke," The New Yorker, April 7, 2008
Posted on May 9, 2008 | 
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hopeful
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