The effects of the real estate crisis in the Baltimore area are still evident. However, in recent years, the industry has been showing positive signs of recovery. Last April, there was a drop of 7 percent in the bank-arbitrated sales relative to a year before. In addition, the prices of homes increased.
Following the crisis, Maryland was forced to modify some regulations. To this end, the new rules became consumer friendly. This way, there was a slow pace of foreclosures in the state compared to other regions. Owing to the state’s interventions in the distressed housing market sector, Baltimore and other counties reported an increase in the median home sales price by 6 percent between April 2015 and May 2016. Notably, the median price rose to $243,000, a phenomenon that had not been witnessed since 2008.
Todd Lubar started his career in the real estate industry in 1995. During this time, he was a fresh graduate from Syracuse University where he pursued a bachelor’s degree in Speech Communication. Everything about the industry fascinated Todd. His love for the business and passion for helping others, made him know that he would make a career in real estate. For a while, Lubar worked as a loan originator for a renowned company, Crestar Mortgage Corporation.
While undertaking his duties, he gained immense knowledge and invaluable experience in conservative mortgage banking. Owing to his desire to gain maximum knowledge about the real estate business, Todd established cordial relationships with CPAs, real estate agents, financial planners and insurance agents. These professionals have referred many clients to his business. Lubar has exceptional ability to assess inherent risks before making a decision to issue a loan or not. Over the years, the executive has made over 7,000 lending and real estate transactions. This information was originally published on Patch as highlighted in this link http://patch.com/maryland/potomac/todd-lubar-successful-baltimore-businessman
Presently, Todd serves as the president of TDL Global Ventures. He is also the senior vice president of Legendary Investments. Lubar played a pivotal role in helping the production unit of Legacy Financial Group’s Maryland office to generate over $ 100 million in loan volume per year. At Charter Funding, a unit of First Magnus Financial Corporation, Todd was the senior vice president. Through the company, individuals could access loans. Todd founded the company after finding that most people could not secure loans from traditional lending institutions. View his Linked In page for more info.
Following the economic crisis of 2008 that affected the real estate industry, Todd opted to continue with his entrepreneurial spirit. He established a recycling company, a demolition entity and a nightclub. For many years, Todd has ranked among the leading 25 mortgage originators in the nation. Lubar understands the factors that make a business to run as a going concern.