Todd Lubar’s Contribution To The Success Of Baltimore Real Estate Industry
The impact of the real estate crisis continues to be felt in the Baltimore area. Nevertheless, the industry is showing signs of recovery. Last April, bank settled sales, most of which are primary foreclosures, declined by nearly 7 percent in the Baltimore metro region as compared to the previous year. Moreover, the value of homes appreciated.
As a consequence of the crisis, Maryland was forced to change some of its regulations. These changes made the real estate rules in the state more consumers friendly. To this end, foreclosures slowed down relative to other states. Following the positive signs in the distressed housing industry, the median home sales price in Baltimore and other five counties rose by 6 percent in the year ending June 2016. The median price reached $243,000, the highest price since 2008.
Todd Lubar is among the individuals that have had a positive impact in the Baltimore real estate industry. He began his career in the real estate sector in 1995 after completing his studies at Syracuse University. Todd graduated with a bachelor’s degree in speech communication. He ventured into the industry because he wanted to help other people. He was also interested in every detail about the industry. Early in his career, Todd Lubar knew that he would have a long life career in the real estate industry.
According to Ideamensch, Todd started his profession by working as loan originator for Crestar Mortgage Corporation. While serving in the company, Lubar became an expert in conservative mortgage banking. The knowledge that he gained from different companies helped him to establish and run his business as a going concern. He went on to form lasting relationships with other professionals in the sector, including real estate agents, CPAs, financial planners, and insurance agents.
About Todd Lubar
Todd Lubar is the president of TDL Global Ventures. He is also Legendary Investments’ senior VP. Previously, Lubar worked for Legacy Financial Group. Here, he gained vast experience about lending. In addition, he is the proprietor of legendary properties LLC, a residential development corporation.More details can be found on Todd LinkedIn account.
Lubar has made several achievements in his career. He helped to expand Legacy Financial Group’s Maryland office into a production unit of more than 100 million dollars in loan volume per year. For many years, Todd has been ranked as one of the premier 25 mortgage originators in the United States.
Check out his website on toddlubar.com