Vulcan Dynamic Realty, a Mexican Company, has tremendous activity in one year of existence on the Clerk's site. They said they planned to invest $150 Million in distressed South Florida property. The players are Emilio Braun, Inaki Negrete, Juan and Jose Zaragoza, Antonio Garcia, Mario and Davila Alonso de Oca. They own 136 properties, they are evicting people after buying the properties for non-payment of rent, they seem to purchase low end properties and have several municipal judgements against them for nuisance, water etc. It looks like those things are inherited from the purchase.
This looks like a real estate flipping operation. I was told by a realtor there is also a Brazilian company doing the same. According to the South Florida Business Journal:
"Vulcan plans to acquire the properties in foreclosure or those that are bank owned (also known as real-estate owned or REOs) and rent them for several years at an attractive cap rate before selling them as the housing recovery takes hold."
If you are bidding on a foreclosure you are probably bidding against one of these wholesale companies. Seems like they have already started selling some. They bought 20492 SW 324th Street for $184,800 (4/2012) and sold it for $295,000 (6/2013). The property originally sold in 2006 for $499,350.