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Gary M. Fallon  
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Profile

I have been an attorney at HCMP since arriving in Seattle from the boom town of Buffalo, N.Y., in 1982 following law school and college on the east coast. As dictated by the then prevailing real estate environment, my first seven years as an attorney were spent primarily dealing with workout and bankruptcy matters. As the real estate sector of the economy improved, my practice shifted toward the transactional realm, although I continue to assist clients in the workout and bankruptcy arena as the need arises. I have found that, working through some troubled times has given me a great perspective on what's really important when "push comes to shove" in a transaction.

I regularly advise our clients, including several real estate lenders, in real estate, real estate finance, and related debtor-creditor matters, and supervise attorneys and paralegals providing assistance in the full spectrum of real estate and real estate-related areas. In addition to more than 25 years of experience assisting our clients in addressing their legal concerns, I have spent considerable time working with industry and trade groups in ways that have helped me gain a broader perspective on the issues clients face on a daily basis. Those in the lending industry have even shown enough confidence in my judgment to elect me President of the Seattle Mortgage Bankers Association and an Associate Director of the Washington Mortgage Lenders Association.

I have worked with a number of lender clients to develop efficient and cost-effective documentation for a wide-range of lending activities from individual residential transactions to large commercial projects, have worked through the most complicated of real estate financings, and have assisted clients with complex troubled loans ranging from large mutli-state residential construction workouts to the restructuring of downtown commercial and multi-family project financings. I take pride in my ability to "get the deal done" by working efficiently and in a cooperative manner with all of the parties to a transaction.

 

Professional Highlights

 Developing solid and long-term relationships with several real estate lenders in connection with loan origination and troubled loan workout issues in Washington, Idaho, Oregon, California, and other Western States through representation that is responsive to their needs and receptive of their concerns.

 As then Chairperson of the Legal Legislative Committee of the Washington Mortgage Lender's Association and Seattle Mortgage Bankers Association, initiating and promoting legislation amending the Deed of Trust Act, which legislation was enacted in 1998, simplifying many aspects of the foreclosure process and clarifying the rights of lenders against guarantors following nonjudicial foreclosure.

 Acting as lead counsel for a borrower group comprised of numerous medical practices in connection with a refinancing of a medical office building requiring management of a host of issues and parties having quite disparate perspectives on the transaction.

 Working with lender clients as their lending portfolios have grown nationwide and assisting them to function consistently, efficiently, and effectively in each different jurisdiction.

 Admitted to practice before the Washington State Supreme Court, the United States District Courts for the Eastern and Western Districts of Washington, and the Ninth Circuit Court of Appeals.

Recognized as a member of "Who's Who in Land Use, Real Estate, and Environmental Law," in 2004, by Washington Law & Politics, a local legal and professional publication.

 AV (Very High to Preeminent) Rating from Martindale-Hubbell.

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Professional and Community Activities

Washington State Bar Association; Real Property and Creditor-Debtor Sections.

King County Bar Association; Real Property and Bankruptcy Sections.

Seattle Mortgage Bankers Association; Director, 1992, 1995 to 2000; President, 1998-1999.

Washington Mortgage Lenders Association; Associate Director.

Washington Mortgage Lenders Association/Seattle Mortgage Bankers Association; Current Chairperson, Legal/Legislative Committee.

Yale College Class of 1979; Secretary, 1984-1994.

United Way of King County; Volunteer; HCMP campaign manager, 1986-1989; Volunteer Account Manager, 1994.

Northwest Bookfest; Secretary, 1995-2000.

St. Joseph Parish - Lector, Soccer Coach, CYO Co-President, Homeless Shelter Volunteer.

St. Joseph School Commission - Commission Member, 2004-present.

Selected Publications and Presentations

Speaker, "Can't We All Just Get Along? The Impact of Master Community Developer Covenants on Builder Financing," Hillis Clark Martin & Peterson, P.S., June 2003.

Speaker, Ninth Annual WSBA Fall Real Estate Conference, Washington State Bar Association, December 2002.

Speaker, 9th Annual Real Estate Institute, King County Bar Association, December 2001.

Speaker, "Real Estate Financing: The Forms and Formulas for Successful Transactions," Washington State Bar Association, March 2001.

Chair and Panel Member, "Drafting and Foreclosing Deeds of Trust After the Amendments to the Deed of Trust Act," Washington State Bar Association, October 1998.

Speaker, Washington Mortgage Lenders Association, Seattle Mortgage Bankers Association Servicing Clinics, 1989-1998.

Speaker, "Bankruptcy for the Non-Bankruptcy Lawyer," King County Bar Association, 1992 and 1993.

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Education

Harvard Law School, J.D., cum laude, 1982.

Yale University, B.A., summa cum laude, 1979.

Outside Interests

I love reading, singing, soccer (as a coach and player), and baseball (as a spectator). As a consequence of our firm's sabbatical program, I have had the opportunity to travel extensively with my wife and three children and continue to take joy from the memories. I take pride in staying involved in my community through numerous volunteer activities, from coaching youth soccer to spending a night a month overseeing a homeless shelter.

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