Mark was first real estate licensed in 1973 in Texas. Over the last 40 years, Mark has seen many types of market conditions and plenty of ups and downs in pricing along the way. He uses this invaluable experience every day in the advice he passes on to his clients. Mark has brokered about every type of real estate and has a particular specialty in raw land opportunities and luxury residential sales. Investors love his "hand's on" approach to every deal and are always a benefactor when Mark negotiates the deal for them. He's been nicknamed "Dr. Dirt" for his prowess in land deals and is always looking for the next hidden deal in the marketplace.
Over the last 40 years, Mark has also founded and operated one of the nation’s largest brokerage firms and trust companies (Sterling Trust) headquartered in Texas as well as offered his expertise as a professor of business and real estate at Baylor University in Waco, Texas for many years. His educational background includes BBA and MBA degrees from Baylor University. While at Baylor, he was awarded the H.N. Broom award for the “most outstanding student or professor in quantitative analysis”. Professionally, he has been named to “Who’s Who in Finance & Industry”, Who’s Who in Young Professionals”, and Who’s Who in Industry Leaders”. He has held board of director positions with many financial oriented companies including the publishing giant Commerce Clearing House. Mark has received the Republican Senatorial Metal of Freedom award in 1995, the West Point Military Academy meritorious service medallion in 2005, the National Lion of the Year award, three times named Independent Real Estate and Securities Broker of the Year and once nominated as Businessman of the Year by the Montana governor for his real estate work and environmental achievements in western Montana. He is a member of NAR, CRE, GLVAR with numerous credentials to his credit and will always continue to maintain and strive for his goal of 100% customer satisfaction as a real estate broker in Las Vegas, NV.
Tilman Otto is fondly called "The German Dude" around the office and amongst his friends. His real estate investor clients number in the thousands from Central Europe alone. His knowledge of residential and commercial real estate is and his dedication to it, is always a topic amongst his piers. One such broker says "You can't put anything over on Mr. Otto". He works hard for his clients in residential & commercial real estate sales, property management, business brokerage and has become well known for his immigration prowess. He has the complete package for our foreign clients looking to receive their green card to the United States and start a new business here! For those wishing to view his personal web site in the German language, please click on:
Foreclosure-related sales — sales of homes at some stage in the foreclosure process or already repossessed by lenders — were down 18 percent from the fourth quarter of 2012 to the first quarter of 2013, to 190,121. That’s a 22 percent decline from a year ago.
“We expected foreclosure-related sales to be lower given the downward trend in new foreclosure activity nationwide over the past two and a half years, but the decrease in nonforeclosure short sales was a bit of surprise given the 11 million homeowners nationwide still underwater,” said RealtyTrac Vice President Daren Blomquist in a statement.
Rising home prices can reduce the incentive for lenders to sign off on short sales, RealtyTrac noted. A failed short sale may no longer translate into bigger losses down the road, because average prices of real estate owned (REO) homes are rising. In many markets, REO prices are rising at a faster pace than nondistressed home prices, RealtyTrac said.
Markets with the biggest annual increases in the average price of foreclosure-related sales included San Jose, Calif., (up 30 percent); Dayton, Ohio, (up 27 percent); Phoenix (up 26 percent); Las Vegas (up 23 percent); and Sacramento, Calif., (up 21 percent).
The average price of a foreclosure-related sale was $167,095 in the first quarter, down 1 percent from the previous quarter but up 3 percent from a year ago.