The brunt of the real estate crisis continues to felt in the Baltimore area. However, the industry is showing signs of making a recovery. In April, bank-arbitrated sales, which are primarily foreclosures, fell by an estimated 7 percent in the Baltimore metro region compared to a year ago. Additionally, the homes were sold at a higher price. Because of the real estate crisis, Maryland made several changes to the regulations that made real estate rules more customers friendly. To this end, foreclosures took place at a slower pace in Maryland than in other states.
Following the progress experienced in the State’s distressed housing market, Baltimore’s median home sales increased by 6 percent. The same growth was experienced in a number of its surrounding counties starting in April 2015 to May 2016. The median price was $243,000, the highest since 2008.
Todd Lubar is has deep interest in the real estate sector. He began his career in the industry in 1995 immediately after graduating from Syracuse University with a B.A in speech communication. He knew that he wanted a career in the real estate business owing to his fascination with every aspect of the business and his passion for assisting others. Todd began his career by serving as loan originator for Crestar Mortgage Corporation. With time, he became an expert in conservative mortgage banking.
With eagerness to learn and know more about the real estate business, he formed relationships with real estate agents, CPA’s, financial planners, and insurance agents. Presently, these professionals have played a significant role of referring their friends to Todd’s business. In 1999, Todd accepted an equity position with Legacy Financial Group. Here, he was able to enhance his knowledge about lending. At the firm, he was in a position to lend like a direct mortgage bank and broker loans to different investors. With his exceptional skill set, Todd launched Legendary Properties, LLC.
Presently, Todd Lubar is the president of TDL Global Ventures and the senior vice president of Legendary Investments. Owing to his transformative leadership, Lubar has held numerous leadership positions. He has also made many achievements, including expanding the Maryland Legacy Office into a production division having millions of dollars in annual loan volume. For many years, Lubar was ranked as one of the premier 25 mortgage originators nationwide.
To contact Todd, visit toddlubar.com.
For more info, check out his Twitter page.