Riverside is a city located in southern California with a population of 293,201 people. Riverside is best know for the start of California's citrus industry. It is also home to the University of Riverside a prestigous business/medical school. However there is problem in the city of Riverside since the housing crash in recent years Riverside has seen the blunt end of many short sell, defaulted home loans, and bankruptcies. The specific problem being the increased rate in which homes are foreclosed on. 

Since 2009 the rate of foreclosures have tripled and more and more residents have had their homes seized creating a depressed economy in Riverside county. It is said that 15-20% of riverside residents have either chosen to abandon their homes and more than half don't even seek any advice legal or otherwise. Many residents feel helpless and depressed and some have even come up with a name for the process of mailing their keys to the bank. Its called jingle mail obviously because of the gound they keys make in the envelope.

In this state there are few options like bankruptcy or short sale. Some residents qualify for bankruptcy in Riverside however some do not because of the changes in bankruptcy that implement heavier restriction for those who are trying to file. The other option is to short sale the house which is selling the home at less than its cost which reduces the debt incurred. These option might not be the most prefered option to people but it is better than just abandoning your home or giving up your home.