A judicial
foreclosure is looked upon as a routine matter and often times that proves to be the case. In hotel
foreclosure, however, where the stakes are higher, the borrowing can be into the
millions and collateral includes things other than just real estate, it is important to
remember than judicial foreclosures can be complex and require attention. The
real property and collateral in hotel foreclosures include business
operations which need to be continued during any foreclosure. In such instances, in
order to protect the creditors’ interests, something more than a simple
foreclosure action may be required.