Board members have a fiduciary duty to insure the association collects assessments. If your association has ever experienced a high delinquency ratio, repeat delinquent owners, or uncollectible delinquent accounts, then you should consider a judicial foreclosure action. In today's booming real estate market, the foreclosure option should be evaluated regularly and used aggressively. However, in order to properly evaluate the foreclosure option, boards and managers must first understand the foreclosure process. This article is intended to outline the basics of the judicial foreclosure process.  Click here to read more.