That was some micro-lender. They have all of 27 properties, he’s turned and rented half of them the other half he’s attempting to sell.
Can you imagine Countrywide and Wells Fargo deciding to rent half of their foreclosures? Returning some 2500 units in the 2nd quarter concentrated in places like Chula Vista, Temecula, Folsom and Anaheim back to the rental market?
