A banking attorney whose work frequently involves real estate, Kara Allen has a wealth of experience as a counselor and litigator in these interrelated areas.
Secured and unsecured lenders of all sizes trust Kara to represent their interests in front-end loan documentation and contract negotiation, workouts, receivership responsibilities, commercial foreclosures, mortgage fraud investigations, UCC matters and other banking or creditors' rights litigation. In matters of real estate, she has experience with zoning variances and special use permits, title issues, closings and receivership responsibilities. Kara also represents lenders and property owners in building code issues at Housing Court, concerning building code issues.
Her firm grasp of commercial real estate was first acquired in law school, where Kara studied land use and development law, and has matured during more than a decade of professional experience. It is her personal experience with real estate, however, that makes her particularly effective. With parents who invested in the Chicago rental market, she grew up in real estate and later gained her own experience as a managing broker. The perspective she has attained from representing both lenders and borrowers gives Kara a ready understanding of all parties in a transaction and informs her knowledge of how to obtain best results for her clients.
With a diverse background that also includes civil and commercial litigation, she enjoys the research that is fundamental to practicing law and takes pleasure in finding arguments to support a client’s position. Identifying key priorities for each case, she is adept at recognizing and addressing hidden issues. Having owned her own business she understands the value of responsiveness and works hard to respond to clients as quickly as possible. In 2013, Kara co-authored a supplement to “Income Tax Consequences,” a chapter in Mortgage Foreclosure Practice, which was published by the Illinois Institute of Continuing Legal Education.
She previously served as a member of the Recruitment Committee and is a current member of the Diversity and Inclusion Council at Chuhak & Tecson.
A passionate volunteer at Misericordia, where her sister is a long-time resident, Kara is president of the Misericordia Siblings Association and has been deeply involved with its major fundraiser, The Artist in All, held annually at The Art Institute of Chicago. Kara also helps in the gift shop, collects donations during Misericordia Candy Days and serves at the charity’s Family Fest. She has volunteered at the Greater Chicago Food Depository and Lakeview Pantry with other Chuhak & Tecson attorneys and staff.
Kara enjoys sailing and helped crew a boat in the Queen’s Cup Race, an overnight event across Lake Michigan. She and her husband are enthusiastic supporters of the Chicago Cubs and first met at Wrigley Field.