After a season of a crisis in the real estate industry in Baltimore City in Maryland, the industry is in the recent days starting to regain its vibrancy gradually. A clear indication of this vibrancy is the reduction in foreclosure cases by over 7 percent in 2016 compared with the year before, which is impressive. This decrease was catalyzed by the intervention of the state of Maryland, amending the rules that regulate the real estate industry in the region to become more customer-oriented.
Besides the reduction in foreclosure cases, the cost of homes in Maryland also increased in 2016 relative to 2015. Baltimore in particular, homes went for around $243,000 in 2016, which represented a 6 percent increase and the highest value in over eight years.
According to Hackronym, among the main players in the Baltimore real estate industry is Todd Lubar. Todd studied speech communication for his bachelor’s but opted to venture into real estate upon graduating in 1995. His greatest drive into joining the industry was to help investors to realize their dreams. With that, he started a loan origination firm, Crestar Mortgage Corporation. Over the last two decades, Lubar has grown to become a major player in the industry. He has partnered with other key players in the industry along the way, including insurance agencies and financial planners. He is among the most sought experts in matters of mortgage banking. More about Todd can be found on his LinkedIn.
Todd’s Other Involvements
Four years after graduating, Todd was offered a job by Legacy Financial Group to work as a lending officer. This job was a stepping stone for him as in a few years; he had acquired all the necessary experience in matters pertaining lending. He put this experience to good use when he founded Legendary Properties, LLC. The firm specialized in buying and rehabilitating old homes as well as developing new homes and then selling them at a profit. In the way of helping the underprivileged Americans to acquire homes, Todd started Legendary Financial, LLC, a subsidiary company of Legendary Properties. The firm provides loans to those who probably would not get loans from other institutions.
After a successful period with Legendary Properties, Todd decided to cast his nets even deeper into the industry. He teamed up with the First Magnus Financial Corporation to establish its subsidiary company, Charter Funding.