ROBERT G STAPLETON is currently employed as a Broker and/or Investment Adviser at LPL FINANCIAL LLC located at 15321 S 94TH AVE, STE 100, ORLAND PARK, IL, 60462.
ROBERT G STAPLETON has worked at LPL FINANCIAL LLC since April 28, 2016
Disclosure History
ROBERT G STAPLETON has 1 Disclosure Event(s).
Date: October 25, 2011 Category: Financial Type: Compromise Disposition: Satisfied/Released Broker Comment: IN 2004, I MADE INVESTMENTS IN TWO 6-FLAT APARTMENT BUILDINGS THROUGH 2 LLCS BOTH OF WHICH I WAS A 50% OWNER OF. IN 2009, MY INVESTMENT PARTNER CLAIMED PERSONAL BANKRUPTCY, LEAVING ME 100% OWNER AND FULLY AND SOLEY RESPONSIBLE FOR THE LOANS ON BOTH PROPERTIES. BY THIS TIME, THE REAL ESTATE MARKET HAD CHANGED DRASTICALLY AND THE VALUE OF THE BUILDINGS DROPPED SIGNIFICANTLY. FIRE FURTHER DIMINSHED THE VALUE OF ONE OF THE BUILDINGS. THE BUILDINGS WERE SOLD THROUGH SHORT SALE IN 2011 AND THE BANK RECEIVED SALE PROCEEDS ALONG WITH INSURANCE PROCEEDS RESULTING FROM THE FIRE CLAIMS. I WAS RELIEVED OF SOME OF THE OUTSTANDING LOAN OBLIGATIONS BUT AGREED TO TAKE A NOT BACK FOR A PORTION OF THE SHORTFALL FROM THE SALE.
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