Although the Baltimore area has been experiencing a bit of a real estate crisis, it is showing signs that is beginning to make a comeback. Last April, many foreclosures dropped by an estimated 7 percent in the Baltimore metro area compared to the prior year. These same homes also went for much higher prices.
After the unfortunate real estate downfall, several regulations were changed in Maryland to make real estate rules more consumers friendly. This helped foreclosures to occur less often. The median home sales price in Baltimore and five of its neighboring counties actually rose by about 6 percent from April 2015 to May 2016. It is the highest it has been since 2008 at about $243,000.
Todd Lubar graduated from Syracuse University with a Bachelor’s degree before starting his real estate career in 1995. He began as a loan originator for Crestar Mortgage Corporation and became an expert in conservative mortgage banking. Todd also formed relationships with CPAs, financial planners, insurance agents, and real estate agents.
Todd accepted an equity position with Legacy Financial Group in 1999 and a few years later started Legendary Properties, LLC. After 12 years in the real estate industry, Todd decided to establish Legendary Financial, LLC-an affiliate of Legendary Properties. This is making it possible for him to borrow to those who are overlooked by most lending sources. Todd is involved in many other businesses including commercial demolition and scrap metal recycling. Todd is the man to make it happen if you are interested in home ownership. He can and will make it happen.
According to crunchbase.com, Todd Lubar is now the President of TDL GLOBAL VENTURES, LLC, and serves as the Sr.VP of Legendary Investments. He has also helped to grow the Maryland Legacy Financial office that produces 100 million dollars a year in loans.