The real estate industry was affected by the 2008 crisis. Its effects continue to be felt in many regions, including the Baltimore area. However, there is hope for recovery considering that since April 2016, bank-arbitrated sales in the Baltimore metro region have dropped by approximately 7 percent compared to 2015. There has also been a surge in prices of homes. This relief is attributed to the modifications of real estate regulations by the state of Maryland. Today, these rules are consumer-friendly. This move has seen foreclosures occur at a slower pace within Maryland compared to other states. As of May 2016, the median home sales prices rose by 6 percent in Baltimore area, reaching an average price $243,000, which is the highest since 2008.
About Todd Lobar
As per Patch, Todd Lubar is the president of a reputable real estate company, TDL Global Ventures. He is also a senior vice president at Legendary Investments. Todd is an alumnus of Syracuse University where graduated with a B.A in speech communication. His expertise in mortgage banking started in 1995 when he took his first job at Crestar Mortgage Corporation as a loan originator. He gained in-depth knowledge and experience about conventional banking, which has proved to be invaluable in his current endeavors. Todd Lubar interacted with various experts in the industry, including real estate agents, CPAs, financial planners, and insurance agents. Today, these professionals are his largest source of referrals.
In 1999, Todd joined Legacy Financial Group in an equity position. This opportunity offered him a platform to expand his lending skills by brokering loans. With adequate experience, Todd Lubar established his own residential development company, Legendary Properties, LLC. The corporation specializes in acquiring, rehabilitating, and selling properties. His engagements in the industry allowed him to meet with experts in housing trade, who shared their knowledge with him, helping him to be more productive. Later, he took up a job as a senior vice president of Charter Funding where he worked until 2007. When the real estate industry began experiencing challenges, Todd Lubar ventured in other businesses, including demolition and scrap recycling. The entrepreneur ranks as one of the leading 25 mortgage originators in the country.
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