The effects of the real estate crisis in Baltimore area can still be felt. However, the industry is showing signs of recovery. Last April, the Baltimore metro region’s bank arbitrated sales dropped by approximately 7 percent compared to the previous year. Moreover, the homes were sold at higher prices.
Owing to the real estate crisis, Maryland changed numerous regulations to make its real estate rules friendlier to the clients. Because of these modifications, the pace of foreclosures slowed down in Maryland compared to other states. Slowly, the state started experiencing progress in the troubled housing industry. To this end, between April 2015 and May 2016, the median home sales price rose by 6 percent in six counties, including Baltimore. The median price rose to $243,000, the highest since 2008, according to Google.
With the real estate crisis in Baltimore slowly fading away, a large number of people are increasingly becoming confident about home ownership. Over the years, Todd Lubar has been helping individuals seeking to own homes. He has been using his real estate prowess and loan expertise to help different people fulfill their dreams of being homeowners. Todd focuses on serving the underserved clients through Legendary Financial Properties LLC’s financial division. He lends to companies and individuals, especially those that are likely to be overlooked by the conventional lending sources.
About Todd Lubar
Tod Lubar is the president of TDL GLOBAL VENTURES. He is also the current senior VP of Legendary Investments. Lubar went to the Sidwell Friends School and Syracuse University where he graduated with B.A. in Speech Communication in 1995. He began his real estate profession at Crestar Mortgage Corporation. Lubar worked for the company from 1995 to 1999. Later, he joined a Texas-based firm, Legacy Financial Group. He played a pivotal role in growing the firm’s Maryland office by transforming it into a production division making over 100 million dollars in annual loan volume. Lubar worked for the company until 2005 when he was appointed by the management of Charter Funding to serve as the senior vice president. For two years, Todd rendered his services for the company. See, https://www.yelp.com/biz/todd-lubar-dba-rockville.
In addition, Todd worked for Priority Financial Services. After the real estate sector was hard hit by the economic crisis, Lubar sought to engage in different businesses. Owing to his exceptional career in mortgage banking, Lubar was able to own and manage a few companies. He established a demolition company, recycling business and a nightclub. His vast business experience has allowed him to be successful in his career. More information on Mr. Lubar on his crunchbase.com page.
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