The effect of the real estate crisis is still fresh in the memories of the Baltimore people. However, the market has indicated signs of recovery. In the last year, bank arbitrated sales that are usually foreclosures have drastically dropped. A study revealed that the foreclosures had declined by 7 percent in the Baltimore area. Additionally, the prices of the houses went up by a substantial percentage. The comeback is due to a change of regulations put in place in the region. The change of the real estate laws made the rules consumer friendly. As a result, the rate of foreclosures occurred at a slower rate as compared to other states.
The real estate industry began to rise with the effect of the new rules. Consequently, the prices of houses in Baltimore and five of its surrounding counties grew by 6 percent. In a span of one year, the houses median prices reached the $ 243,000 mark. It was the highest price registered since the peak of the real-estate industry in 2008.
Todd Lubar is an American-based real estate developer and businessman. He began his career in 1995, immediately after graduating from Syracuse University. His desire to see people own homes and his admiration to every aspect of the industry propelled his career. Lubar began working with Crestar Mortgage Corporation as a loan originator. In this institution, he gained an invaluable experience in traditional mortgage banking. Additionally, he cultivated relationships with insurance agents, financial planners and real estate agents who provided him with all the necessary knowledge in the industry. Today, this network of individuals creates an incredible referral base.
As per Ideamensch, in 1999, Todd Lubar moved to Legacy Financial Group. In this organization, he was able to expand his lending capabilities. Additionally, Lubar brokered loans to outside investors. A few years later, he ventured into his business by developing Legendary Properties LLC. The company specialized in the purchase, rehabilitation, and sale of family homes. By opening Charter Funding, a subsidiary of Fist Magnus Financial Corporation, he got access to an unlimited resource that propelled his business. After 12 years in the industry, he opened Legendary Financial LLC to serve the overlooked clients. In his career, he has transacted over 7000 successful deals. With the crisis of the industry in 2008, he ventured into other business ventures like nightlife, demolition, and recycling industry. More details can be found on his LinkedIn account.
Check out his website toddlubar.com