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Foreclosure vs Rentback - What's the difference?

foreclosure | rentback |

As nouns the difference between foreclosure and rentback

is that foreclosure is the proceeding, by a creditor, to regain property or other collateral following a default on mortgage payments while rentback is the sale, and subsequent renting of a property, as an alternative to foreclosure.

foreclosure

English

Noun

(wikipedia foreclosure) (en noun)
  • (legal) the proceeding, by a creditor, to regain property or other collateral following a default on mortgage payments

    • rentback

    English

    Noun

    (en-noun)
  • The sale, and subsequent renting of a property, as an alternative to foreclosure