The real estate industry has been slowly improving in the Baltimore area since the great crisis. This growth has been displayed by various signs with the main one being a drop in bank-arbitrated sales in the region. The price of homes in the area has also been increasing steadily over the years signaling the return of a once profitable business.
The boost in the real estate industry in Maryland can be attributed to a change in regulations. The alteration of the laws to become more friendly has meant that foreclosures in the state occur very slowly as compared to other states. Baltimore and five of its closest experienced a growth in median home sales price between April 2015 and May 2016.
According to his About.Me page, Todd Lubar graduated from Sidwell Friends School in 1997. He transitioned to Peddie School in New Jersey for his high school education. Lubar did his undergraduate studies at Syracuse University where he graduated with a bachelor’s degree in speech communication in 1995. Shortly after graduating, Todd ventured into real estate. His first job was at the Crestar Mortgage Corporation where he worked as a loan originator. He worked there from 1995 to 1999.
Todd’s was fascinated with the real estate industry and also had a desire to help people. While working at Crestar, Todd gained invaluable experience in conservative mortgage banking and also gained a great network that has made him the success he is today. He formed strong relationships with CPAs, real estate agents, insurance agents and financial planners among others.
Todd moved on to the Legacy Financial Group in 1999. This was a breakthrough in his career. He expanded his knowledge of lending at the institution, and he had the ability to give loans similar to a direct mortgage bank and also credit outside investors.
After gaining skills and experience, Lubar opened his firm, Legendary Properties. This is a residential development company. It purchases residences, rehabilitates them, and sells them at a profit.
Todd made friendships with people who had experience in the building process hence making sure that he was able to produce high-quality products on time.