T: 248-205-5977
F: 844-670-6009

Education

Wayne State University Law School

J.D., 2005
  • STAP trial competition winner 2004-2005

Hamilton College

B.A., 2002
  • Alexander Hamilton Honors Writing Society

Bar Admission

Michigan

Illinois

New York

Ohio

Heather M. Olson

Member

Overview

Ms. Olson has extensive experience representing lenders, special servicers and receivers in commercial real estate loan workouts, foreclosures, receiverships, and real estate (REO) sales throughout Michigan, Ohio, Illinois and Indiana.

She handles all stages of multimillion-dollar commercial loan workout and foreclosure matters for special servicers, lenders and receivers. Ms. Olson’s practice includes both litigation and transactional matters, including, judicial and nonjudicial foreclosures, receiver appointments and sales, forbearance, deed-in-lieu, deed-in-escrow, note sale and loan modification agreements and guarantor litigation. Ms. Olson also represents receivers of commercial real estate in court-appointed receivership over real estate and personal property. She has experience with all property types, including office, retail, shopping malls, industrial, multi-family, and hospitality, with particular expertise in workouts of mobile home parks.

Prominent Assignments

Represented a national lender in connection with the workout of a multi-loan portfolio secured by 19 mobile home parks in Michigan, Ohio, Indiana, North Carolina, Tennessee, and Georgia. Heather managed and handled the foreclosure proceedings, loan workout agreements and subsequent guarantor lawsuits in connection with this loan portfolio.

Represented a CMBS special servicer in all aspects of the foreclosure and receivership litigation concerning a $12.5 million loan secured by 6 mobile home parks in Michigan. Heather also handled all aspects of the subsequent guarantor lawsuit and the lawsuit to enforce the assignment of rents against the assignee of the sheriff’s deed for one of the mobile home park properties.

Represented a CMBS special servicer in all aspects of the foreclosure and receivership litigation concerning an $85 million loan secured by 10 mobile home parks in Michigan and Indiana.

Represented a CMBS special servicer in all aspects of the receivership and guarantor litigation concerning a $31 million loan secured by one of the first shopping malls in suburban Detroit, including the subsequent sale of the mall by the receiver to the local municipality.

Represented a CMBS special servicer in all aspects of the foreclosure and receivership litigation concerning a $46 million loan secured by a shopping mall in suburban Detroit.

Represented a CMBS special servicer in connection with a $12.5 million guaranty lawsuit as well as a lawsuit against the property management company for collecting subordinate management fees.

Represented a national lender in connection with all aspects of the collection of a $9.5 million judgment, including the pursuit of fraudulent transfer claims, at all stages, including in the state circuit court, Michigan Court of Appeals and Michigan Supreme Court.

Represented a national lender in connection with the collection of a $2.5 million judgment against multiple guarantors.

Multiple matters representing court-appointed receivers for the duration of the receivership and the receiver’s sale of multiple commercial properties in both state and federal courts.

Professional Involvement

  • American College of Mortgage Attorneys, Fellow
  • CREW Detroit, Chair Outreach Committee
  • Commercial Real Estate Finance Council Women’s Network, Professional Development Committee & Outreach Committee
  • Oakland County Bar Foundation, Lifetime Fellow

Community Involvement

  • Leadership Oakland LOXXVIII
  • Humble Design, Gigs for Digs Committee
  • Michigan Community Resources, Community Land Trust Manual

Publications/Presentations

  • Recurring panelist and moderator, Trigild Lender Conferences
  • LexisNexis Practice Guide: Michigan Real Estate Litigation, "Foreclosure of Mortgages and Land Contracts; Receiverships," July 2016
  • "Receiver Sales: A Better Alternative to Foreclosure?" Michigan Real Property Review, Winter 2016 Spring 2017, Vol. 43 No. 4, Vol. 44, No. 1; 43-44 Mich Real Prop Rev 5 (2016 - 2017)
  • "Women @ Work: Developing Detroit," Hosted by the Mike Ilitch School of Business Institute for Leadership and Diversity and CREW Detroit – Legal Issues in Commercial Real Estate Roundtable Speaker, October 26, 2016
  • “Non-recourse carve-outs: Cherryland and Beyond,” (CLE Presentation), February 2016

Court Admissions

  • U.S. District Court
  • Eastern District of Michigan
  • EMAIL
  • |
  • PRINT

Acknowledgements

  • Michigan Super Lawyers, Real Estate Rising Star, 2016-present
  • Michigan Super Lawyers, Business Litigation Rising Star, 2012
  • Wayne State University Law School, J.D., Student Trial Advocacy Program, 2004-2005 Trial Competition winner
  • Hamilton College, B.A., Alexander Hamilton Honors Writing Society