John L. Allen

Mr. Allen graduated from the University of Vermont in 1979 and from New England School of Law (nka New England Law/Boston) in 1985. He is admitted to practice in New Hampshire, Massachusetts and Illinois. He is also admitted to the federal District Court in Massachusetts and New Hampshire. Mr. Allen has a broad range of experience in the areas of debt restructuring or workouts, debt collection (commercial), bankruptcy, foreclosures, commercial real estate (acquisition and development), secured lending transactions, bank regulatory and commercial law and litigation (including lender liability claims) representing banking institutions and federal banking regulators or their servicing agents in New Hampshire and Massachusetts.

Mr. Allen began his career at the large Chicago based firm of Hopkins & Sutter, P.A. At “Hop/Sut”, Mr. Allen’s served as special counsel to the Federal Savings and Loan Insurance Corporation, the Federal Deposit Insurance Corporation and the Federal Home Loan Bank Board in a special unit in the 250+ attorney law firm which was created to service the federal regulators with respect to disposition of assets (primarily real estate and construction loans and projects) and insurance matters for failed institutions in Texas, Louisiana, Florida, California, Oklahoma, Arkansas and other states.

Upon his return to New Hampshire, Mr. Allen joined the firm of Devine, Millimet & Branch, PA where he joined the real estate/banking department. Mr. Allen represented all five of the major New Hampshire locally chartered banks prior to their demise in 1991 in the areas of secured lending, debt restructuring, workout, bankruptcy and foreclosure.

In 1991, Mr. Allen left the Devine office to begin his own firm where he practiced successfully until 2009 when he joined with Steven Fuller to form Allen-Fuller, PA.

Mr. Allen also represented Banc One Asset Management Corporation and the FDIC as the loan pools from New Hampshire failures were worked out from 1991 until the late 1996. Mr. Allen has represented a number of small local banks and such banking giants as Bank of America, NA and Citibank, NA.

Mr. Allen’s practice has two main components; the first component is a "creditors’ rights" practice representing financial institutions, hard money lenders, commercial collection agencies, the FDIC and small businesses. Areas of practice include bankruptcies, workouts, loan restructures and modifications, commercial collection work, including pursuit of post judgment remedies, loan portfolio acquisitions and sales, foreclosures, receiverships, deed-in-lieu transactions, asset liquidations, collection of deficiencies, defense of lender liability litigation, UCC foreclosures, bank/collection regulatory issues (such as FIRREA, Truth-In-Lending, ECOA, FDCPA), and real estate financing and development matters.

The second component includes a heavy emphasis on real estate and financing matters, including development, conveyancing, leasing and disposition of commercial and retail real estate, title examinations, and title insurance, construction contracts, zoning, planning and other land use and development matters, including negotiating and documenting purchase and sale transactions and SNDAs, mortgage closings, shopping center and office building development, evictions and other landlord/tenant matters, creation and registration of condominiums, homeowner associations, foreclosures, collection of deficiencies, workouts and some bankruptcy. Mr. Allen has served as outside claims defense counsel in the State of New Hampshire for three major national title companies. The practice includes substantial experience working with "conduit" lenders on large securitized financing packages for acquisitions and refinancing of commercial and multifamily real estate, including hospitality properties and condominiums.

Mr. Allen is a recipient of the N.H. Bar Association President's Award for Outstanding Pro Bono Service (1989). Mr. Allen is a former member of the New Hampshire Bar Association Mediation Committee. Mr. Allen is co-author of an article published in the Winter 1992 issue of the New Hampshire Bar Journal entitled The Powers of the Federal Deposit Insurance Corporation Under 12 U.S.C.1823(e) and the D'Oench Duhme Doctrine. Mr. Allen is co-author of an article published in the March 1995 issue of the New Hampshire Bar Journal entitled Taking Possession of Mortgaged Premises: The Lender's Alternative. Mr. Allen has also served as lecturer and as an instructor for the National Business Institute and American Institute of Banking on the subjects of secured lending, real estate, workouts, bank regulation, commercial paper, letters of credit, bank deposits and collection and other banking fundamentals. Mr. Allen formerly served as primary claims counsel within the State of New Hampshire for Stewart Title Guaranty Company Old Republic National Title Insurance Co. and LandAmerica (Commonwealth Title), national title companies.

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