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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
195 days on Owners.com
249 Union Station Dr
CALERA, AL 35040
4 Beds
2 Baths
-- ft2
$206,719
Owners.com Estimate:
Estimated Payment:$776/mo
HOA:$150, Yearly

*Purchase your brand new home between now and Sept

15th and skip your first 3 mortgage payments with preferred lender! Only on select inventory homes, contact us for more details.* Welcome home to the Johnston! The opportunities are endless with this wonderfully designed single level home. Greet your guests at the covered front porch & invite them into the comfort of your home. You will love spending time in the eat-in kitchen & family room, which flow together providing space to be with friends & family. As you find yourself cooking in your beautifully laid out kitchen everyone will congregate around the huge granite island. Retreat to your secluded master suite, indulge yourself to a relaxing bath in the soaking tub & rejoice in the size of your walk-in closet! The other 3 bedrooms are located on the opposite side of the home, providing privacy for the owner's suite!

Property type
Residential
Structure
Single Story, #NONE
Year built
2019
Parking
Garage - Front Entry, Attached
MLS #
848447
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My NotesiThis is a place for you to write your thoughts and notes about this home. Only you will be able to see the notes.

My Home Features

Rooms

Bedrooms: 4 | Room Types: Laundry, Bedroom(s), Great Room, Kitchen, Bedroom(s) - Master

Bathrooms

# of Full Bathrooms: 2
# of Half Bathrooms: 0

Interior

Features: Attic, Lighting - Recessed

Exterior

Features: #NONE, Patio, Porch, Patio - Open | Pool: false

Building

Property Types: Residential, Single Family Home | Year Built: 2019 | Structure: Single Story, #NONE | Architecture: #NONE | Siding: Hardiplank | Foundation: Slab | Floors: Carpet, Hardwood Laminate

Garage & Parking

Parking: Garage - Front Entry, Attached

Lot

Lot size: 0.2 acres | Lot Features: #NONE

Location

County: Shelby | Subdivision: UNION STATION | Real Estate Area: Calera, Montevallo, Wilton | Directions: I 65 S. Take Shelby Co. Airport Exit Left at Light Right into Union Station | MLS #: 848447

Community

Condo Maintenance: Groundskeeping, Management Fee | HOA Dues: $150/ Yearly

Appliances

Appliances: Disposal, Microwave Built-In, Oven - Electric, Self-Cleaning, Some Stainless Appl, Stove - Electric, Water Heater - Electric

Heating & Cooling

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

Utilities & Security

Utilities: Underground Utility | Sewer Service: Connected | Water Source: Public

School

Elementary School: CALERA | Middle School: CALERA | High School: CALERA

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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Source: County(Public) Records

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Local Insights

Listing provided by: Shauna Wesson 

Listing courtesy of: RealtySouth-Huntsville-BHM |  (205) 255-3555 

Tools for buyers

Data provided by: Montgomery Area Association of REALTORS®
Last detected update: September 18, 2019 07:10PM EST ~ Verified on November 05, 2019 07:15PM 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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