Even though the real estate industry in Baltimore is still experiencing the effects of the previous crisis, there are positive signs of recovery. April 2016 registered a drop in the bank attributed by 7%, compared to the same period the previous year. The bank-arbitrated sales of these homes were also sold at a high price.
After a nationwide real estate crisis, the authority of Maryland decided to revise some of the real estate regulations. The new real estate rules helped to reduce foreclosures as they were more consumer friendly.
Between 2015 and 2016, Maryland also recorded an increase of 6% in the median home sale which was $243,000. This figure is the highest the state and its five surrounding counties have registered since 2008.
Due to better real estate regulations, Maryland was able to contain the crisis that could have left many devastated and homeless. The new economic pointers show a bright future in the real estate industry, hence attracting and encouraging investors.
Todd Lubar attended Syracuse University, where he graduated in 1995 with a B.A in speech communication. He started working at Crestar Mortgage Corporation as a loan originator. His exposure to the real estate industry in Crestar Mortgage Corporation equipped him with knowledge and skills, and he developed an interest in conservative mortgage banking.
His desire to thrive and learn as much as he could about the real estate industry, he was able to form long lasting professional relationships with real estate agents, financial planners, Certified Public Accountants and to some extent insurance agents. These relationships have proven vital to the success of his businesses as well as his reputation.
In 1999, Todd joined Legacy Financial Services and took the equity position. In this position, he was exposed to more real estate transactions that added to the wealth of his knowledge. Seee, https://www.yelp.com/biz/todd-lubar-dba-rockville.
A few years later when he was confident about his real estate skill sets, he opened Legendary Properties, LLC. The company has benefited from purchasing, renovating and selling residential homes. Their package ranges from a single-family home to complex multi-family homes of up to 20 units.
He partnered with First Magnus Financial Corporation and formed Charter Funding to act as its subsidiary. Through Charter Funding, Todd was able to help many people get affordable mortgage compared to other mortgage firms. Contact him thru toddlubar.com.
He formed Legendary Financial, LLC which was Legendary Properties’ affiliate. According to About.me, through Legendary Financial, LLC, he was able to serve both individuals and companies. He has been involved in over 7,000 mortgage transaction to date. This level of success has been made possible by his risk assessment abilities. He is also involved in the demolition businesses as well as scrap metal recycling business. Follow Todd Lubar on Twitter.