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ALTISOURCE ANNOUNCES WIND DOWN AND CLOSURE OF OWNERS.COM TO INCREASE FOCUS ON CORE BUSINESSES

Luxembourg, October 8, 2019 - Altisource Portfolio Solutions S.A. ("Altisource" or the "Company") (NASDAQ: ASPS), a leading provider and marketplace for the real estate and mortgage industries, today announced that it decided to wind down and close Owners.com’s operations. The Company believes that closing Owners.com supports its simplification strategy, eliminates the cash burn associated with this earlier stage business, and increases focus on the core real estate and mortgage businesses.

"Owners.com has been making encouraging progress in demonstrating that a better consumer real estate model based on technology and service may be viable," said William B. Shepro, Altisource’s Chairman and Chief Executive Officer. Shepro further commented, "However, as we continue to work to simplify Altisource and focus on our larger opportunities, we concluded that closing Owners.com is in Altisource’s best interests given the time horizon and level of additional investments needed in order for Owners.com to operate independently. I am proud of the very talented and dedicated Owners.com team and want to thank them for their contributions."
ACTIVE
203 days on Owners.com
17070 Lakeside Estates Rd
ATHENS, AL 35614
3 Beds
3 Baths
2,934 ft2
$499,900
Owners.com Estimate:
Estimated Payment:$1,877/mo

Entertain family & friends or just sit back & relax in this home year-round

Huge Great Room w/ vaulted ceiling, fireplace & lots of windows is open to a fantastic kitchen w/ plenty of room & large island. Master Suite includes wood floors & nice master bath. There are 2 more spare bedrooms on the main floor. Upstairs there is a loft area flexible enough to be used as a bedroom or an office. In the basement you have a 2nd kitchen and a Family Room. There is a built-in grill, a patio, covered porch, screened porch, covered patio and a heated & cooled treehouse. Also, included is an enclosed boathouse, seawall, 4-car garage, circle drive & so much more situated on an acre lot.

Property type
Single Family Home
Parking
Garage - Three+, Garage - Detached, Garage Door Opener, Garage - Front Entry, Driveway - Concrete, Driveway - Circular
Price/Sqft
$170
MLS #
1117738
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My Home Features

Rooms

Bedrooms: 3
Virtual Tour: virtual tour | Room Types: Recreation | Basement: Basement

Bathrooms

# of Full Bathrooms: 1
# of Half Bathrooms: 0
# of Three Quarter Bathrooms: 2

Interior

Features: Family Room - 10"+ Ceiling, Family Room - Fireplace, Family Room - Vaulted Ceil, Family Room - Wood Floor

Exterior

Features: Porch - Covered, Patio - Covered, Deck - Covered, Porch - Screened, Screened Deck, Det. Bldg

Building

Property Types: Single Family Home | Architecture: BsmtRanch | Siding: Wood

Garage & Parking

Parking: Garage - Three+, Garage - Detached, Garage Door Opener, Garage - Front Entry, Driveway - Concrete, Driveway - Circular

Lot

Lot Dimensions: 315'x150' | Lot size: 1.08 acres | Lot Features: Treed Lot

Location

County: LIMESTONE | Subdivision: LAKESIDE ESTATE | Directions: Hwy 72 W, north on 7 Mile Post Road. West on New Cut. North on Baker Hill Rd. Left on Elk River Mill Rd. Left at the "Y". Left on Lakeside Estates Road. Home on the Left near the end of the road. | MLS #: 1117738

Appliances

Appliances: Range/Oven, Grill Top, Dishwasher, Microwave

Heating & Cooling

Air Conditioning: Central 2 | Heating: Central 2, Electric | Fireplaces: 1

School

Elementary School: Sugar Creek Elementary | Middle School: WEST LIMESTONE | High School: WEST LIMESTONE

Owners.com Estimated Value

We calculate the Owners.com Estimate by analyzing sales for nearby similar properties. We use the best data sources, including MLS and county records to generate insights into the property value. You can even create your own estimate by selecting comparable sold listings.

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Local Insights

Listing provided by: Marie Eubanks 

Listing courtesy of: Dream Key Real Estate, LLC |  (256) 206-6420 

Tools for buyers

Data provided by: Valley MLS, Huntsville
Last detected update: October 13, 2019 12:42PM EST ~ Verified on November 08, 2019 06:41AM EST

Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
All information provided is deemed reliable but is not guaranteed and should be independently verified.

Note: Estimated payment calculations assume 20% down payment with loan terms of 3.86% fixed APR for 30 years.

Property is available to all persons, regardless of race, color, religion, sex, handicap, familial status, or national origin.
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