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As part of our representation of associations, we also handle the collection of delinquent maintenance fees or rent and we also represent the associations in foreclosure actions. At MYR we recognize that no two clients and no two collection cases are the same. Some owners get behind on their payments and simply need a little extra time to catch up; others get in a hopeless situation in which a speedy foreclosure action is in everyone's best interests. At MYR we pride ourselves on having the flexibility to modify our procedures on a case-by-case and client-by-client basis. We never want a client to think a case has "gone to legal" and thus out of their hands. We find it highly beneficial to consult with our clients on a frequent basis during the collection process. This allows us to customize the process to meet the client's needs and the peculiar circumstances of each case. We are well aware of the importance of assisting our clients by providing legal services as economically as possible. In addition, we are sensitive to the needs of our clients to proceed on collections in a timely and cost effective manner. Whenever appropriate, the work will be delegated to paralegals and associates. We have found that this insures that the collection work is done economically and expeditiously. We have established set fees for the preparation of demand letters and liens. The fees and costs of the preparation of the letters and liens are assessable against the delinquent apartment owners. In doing the foreclosure work for our clients, we attempt to evaluate the likelihood that the Association will be able to collect any sums from the foreclosure action. When it is questionable whether the Association will be able to collect any money by either initiating or participating in a foreclosure action, we provide the Board with a collection analysis letter. We believe that it is in the Board's best interest to know whether it is worthwhile to initiate or participate in a foreclosure action. We also provide monthly status reports to the Board detailing the status of the various collection cases we are working on. Our collection procedures can be adjusted to your preference. We strive to provide Boards with as much information as possible so that they do not needlessly spend money on attorney's fees when the likelihood of collection does not appear to be good.