Todd Lubar belongs to the Baltimore area. The real estate crisis over here seems to be getting over. The sales that are bank-arbitrated appear to be dropping by nearly 7 percent as compared to the previous year. Such homes are now going for higher prices.
This real estate crisis forced Maryland to change a number of regulations. This resulted in the rules of the real estate rules becoming more consumer-friendly. This prompted the foreclosures to occur at a much slower pace in this state as compared to others.
With this distressed sector of housing market showing progress, there is a rise in the price of median home sales in Baltimore as well as its surrounding counties. It is up by about 6 percent as compared to last year.
It was in 1995 that Todd Lubar began his real estate career. He did his graduation from Syracuse University. He holds a bachelor’s degree in speech communication. He always knew that his passion lay in the real estate business. He started working for Crestar Mortgage Corporation as a loan originator. This is where he learned about conservative mortgage banking. This was an invaluable experience for him.
Todd Lubar wanted to learn everything about this real estate industry. This is why he formed relationships with related people. These included insurance agents, CPAs, besides financial planners as well as real estate agents. All these individuals have become an integral part of his referral base today.
It was in 1999 that Todd Lubar accepted an equity position. This was with the Legacy Financial Group. Now he could expand the lending knowledge he had, still further. This skillset facilitated Todd to broker loans to a number of outside investors or even lend just like any other direct mortgage bank would do. After a few years, Todd Lubar started Legendary Properties, LLC. According to Yelp, this is a company involved in residential development. It focuses on selling; purchasing, rehabilitating as well as earning a profit through residences that can be single-family homes and go up to 20 unit structures for multi-families.
Todd Lubar opened his own firm and built relationships with those who are in the building process. This allowed him to produce high-quality products in a timely manner.
Todd Lubar opened Charter Funding, a subsidiary of First Magnus Financial Corporation. This enabled him to grow his business more.
Then he started Legendary Financial, LLC; an affiliate of Legendary Properties.