Williams & Williams Launches Direct-to-Consumer Program: The buyer knows exactly what he or she is paying for, and the seller learns what a property is actually worth.

TULSA, OK -- In the real estate market, foreclosure is an increasing problem. As a means of offering an alternative to foreclosure and a way for borrowers to avoid loss of equity and creditworthiness, as well as help lenders avoid financial loss and keep foreclosed properties off their books, Williams & Williams here, a real estate auction firm, is launching a program for consumers who find themselves in default on their mortgage payments.

Designed to help delinquent borrowers and their secured lenders avoid foreclosure, the Assisted Sales Auction Program allows the property to be sold before foreclosure actually takes place and offers the settlement of the obligation and a reduction in losses for all parties concerned.

According to the company, ASAP operates within 60 days of enrollment, achieving the highest possible cash, full market value offer for the property by a professionally conducted live auction held at the property itself. Many sales achieve full payoff of all outstanding debt, eliminating the pending foreclosure and returning equity to the borrower, while full market value offers that net less than payoff may be considered by the lender for loss mitigation.

Williams & Williams provides borrowers in foreclosure but without equity cash assistance towards relocation to affordable housing equal to 1% of the sales price. ASAP has been designed to preserve property value and provide an equitable and transparent resolution for both the borrower in hardship and their lender.

Once a borrower agrees to participate in ASAP, Williams & Williams contacts the lender to confirm the outstanding issues and timelines. Besides providing borrowers a choice and preserving property ...