Real Estate Receiver

Job Details: Job Location: Corporate Office - Farmington Hills - Farmington Hills, MI, Salary Range: Undisclosed, Position Overview

We are seeking a highly organized, detail-oriented Real Estate Receiver to oversee the day-to-day administration of court-appointed receivership assignments. This role is responsible for coordinating the day-to-day activities associated with receivership matters, maintaining compliance with court orders, tracking critical deadlines, preparing reports and filings, managing stakeholder communications and preserving the value of distressed real estate assets.

The ideal candidate will possess a legal real estate background and excel in a fast-paced environment that requires managing multiple assignments simultaneously. Experience with receiverships, foreclosure proceedings, bankruptcy matters, loan workouts or other legally driven real estate matters is strongly preferred. Success in this position requires excellent organizational skills, strong attention to detail and the ability to work collaboratively with attorneys, lenders, courts, tenants, borrowers and internal operational teams.

This individual will play a critical role in ensuring that receivership assets are effectively managed throughout the receivership process which maintaining compliance with court orders, safeguarding stakeholder interests, and preserving or enhancing asset values.

Key Responsibilities

Receivership Administration & Asset Oversight

Take possession and control of real estate assets pursuant to court orders or lender directives, ensuring properties are secure, operational, and properly maintained.
Coordinate and oversee all aspects of receivership operations to preserve and maximize asset value.
Manage property maintenance, repairs, capital improvements, life-safety initiatives, and other operational matters.
Engage and supervise third-party property management firms, vendors, contractors, and consultants to ensure work is completed efficiently and in accordance with receivership objectives.

Financial Management

Conduct financial due diligence, including the review of operating statements, budgets, accounting records, leases, rent rolls, and cash flow reports.
Develop and administer operating and capital expenditure budgets.
Oversee the collection, management, and proper allocation of rents, receivables, security deposits, and other property income.
Monitor cash flow, approve expenditures, and implement financial controls designed to protect receivership assets.
Prepare periodic financial reports and analyses for courts, lenders, investors, and other stakeholders.

Leasing and Tenant Relations

Oversee leasing activities and occupancy strategies for tenant-occupied properties.
Review, negotiate, and administer lease agreements, renewals, amendments, and tenant correspondence.
Address tenant concerns, resolve disputes, and ensure compliance with lease obligations.
Coordinate tenant communications regarding operational changes, property improvements, and receivership-related matters.

Legal and Compliance & Court Administration

Ensure compliance with all court orders, receivership orders, regulatory requirements, and applicable laws.
Work closely with legal counsel to implement court directives, support foreclosure and litigation matters, and address legal issues impacting receivership assets.
Assist in the preparation of court filings, status reports, motions, declarations, and supporting documentation.
Maintain complete and accurate records related to receivership operations, financial activity, stakeholder communications, and court reporting.
Monitor compliance with local, state, and federal regulations, including health, safety, housing, and building code requirements.

Stakeholder Communication & Reporting

Serve as a primary point of contact for courts, lenders, attorneys, borrowers, tenants, vendors, and other interested parties.
Prepare and distribute regular operational, financial, and status reports detailing property performance and receivership activities.
Communicate significant developments, risks, operational challenges, and strategic recommendations to stakeholders in a timely manner.
Coordinate meetings, inspections, and stakeholder updates as necessary.

Risk Management

Identify operational, financial, legal, and physical risks affecting receivership assets.
Develop and implement mitigation strategies to protect property value and minimize liability.
Review insurance coverage, coordinate claims administration, and work with brokers, carriers, and legal counsel to resolve insurance-related matters.
Respond to emergencies, casualty events, and other situations requiring immediate action.

Asset Preservation, Marketing & Disposition

Develop and implement asset preservation and value-enhancement strategies.
Coordinate the sale, transfer, refinancing, or disposition of receivership assets when authorized by the court or stakeholders.
Manage broker engagement, marketing efforts, due diligence activities, and transaction coordination.
Assist in maximizing recovery and value realization for creditors and stakeholders.

Team Leadership & Cross-Functional Coordination

Coordinate the efforts of internal teams, property managers, accountants, attorneys, brokers, consultants, and other service providers.

Provide guidance and oversight to on-site personnel, property management teams, and third-party contractors.
Foster effective collaboration among stakeholders to ensure receivership objectives are achieved in a timely and efficient manner.
Manage multiple receivership assignments simultaneously while ensuring deadlines, reporting requirements, and operational priorities are consistently met.

Qualifications

Education

Bachelor’s degree in Real Estate, Business Administration, Finance, or a related field.
Law degree or relevant certifications (e.g., CCIM, CPM) preferred.

Experience

Minimum 5–7 years of experience in real estate management, asset management, commercial or multifamily property management or law.
Experience working directly with attorneys, courts, lenders, and judicial processes related to commercial or multifamily real estate transactions or asset administration is highly desirable.

Skills

Solid knowledge of real estate law, foreclosure, and receivership processes.
Strong financial skills including budget creation and cash flow management.
Excellent negotiation, communication, and problem-solving skills.
Ability to work independently and make critical decisions under pressure.
Proficiency with property management and financial software tools.

Personal Attributes

Detail-oriented with exceptional organizational and time-management abilities.
Strong leadership skills and experience managing teams and external stakeholders.
Proactive, responsible, and professional in high-pressure situations.

What We Offer

We believe in supporting our team members with both professional growth and a strong workplace culture. Our benefits include:

Competitive base salary
Full benefits and a 401(k) with company match
Continuing education reimbursement
Charitable initiatives that support our communities
Referral bonuses for new employees and business leads
Training seminars for leadership and professional development
Branded Friedman swag

Working Conditions

Location: Remote eligible
Hours: Primarily standard business hours, Monday through Friday, with occasional evening or weekend work as needed to address time-sensitive business or court-related matters.
Travel: Limited travel may be required depending on property locations.

We are looking for an individual who can maintain control and stability in distressed asset situations while ensuring that all parties’ interests are protected throughout the receivership process. If you have a strong background in real estate, asset management, and legal compliance – and are ready for the challenge of managing real estate under receivership – we encourage you to apply.
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