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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
200 days on Owners.com
25008 S 125th Pl
Chandler, AZ 85249
8 Beds
7 Baths
7,038 ft2
$1,999,900
Owners.com Estimate:
Estimated Payment:$7,510/mo

Amazing irrigated 2 acre estate tucked away in a private, GATED luxury community

Gourmet kitchen with 2 LG islands, 72'' armoire frig, viking range and gorgeous custom cabinetry. Exposed wood beams, iron work, Knotty Alder Doors, Fine Art Lamps, Canterra hand carved fireplaces, columns, corbels & fountain. PREMIER MOVIE THEATER, Gated courtyard entrance, Basement with 10' ceilings, and sep.guest house. Living area flows to outdoors with pocket & accordian doors. Gorgeous pool/spa area surrounded by lush landscaping, outdoor kitchen, sports court, and paver hardscape. Acre to west of home is an open slate, could be used for horses/mini-farm, multi-car garage, or just to have room. So many benefits to be in county and on a well! Come Enjoy a lifestyle of luxury, autonomy and lots of priva

Property type
Single Family Home
Structure
Dwelling - Single Family - Detached, 1
Year built
2004
Parking
4.00Attch'd Gar Cabinets, Electric Door Opener, Extnded Lngth Garage, Over Height Garage, Separate Strge Area, Side Vehicle Entry, RV - Gated, Driveway - Circular
Price/Sqft
$284
MLS #
5919974
Lot Size
88417 sqft
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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: 8 | Room Types: Breakfast Room, Bonus/Game Room, Great Room, Media | Basement: true, Finished

Interior

Features: Breakfast Bar, Bar - Wet Bar, Pantry, Spa - Heated, Spa - Private

Exterior

Features: Patio - Covered, Hand/Racquetball Cts, Misting System, Patio, Private Street(s), Pvt Yrd(s)/Crtyrd(s), Sport Court(s), Storage Shed(s), Built-in BBQ, Block Fence | Pool: Heated, Private

Building

Property Types: Single Family Home | Year Built: 2004 | Structure: Dwelling - Single Family - Detached, 1 | Architecture: Santa Barbara/Tuscan, Dwelling Styles - Detached | Construction: Frame - Wood | Roof: All Tile, Rolled | Siding: Painted, Stucco, Stone | Plumbing: Tankless Ht Wtr Heat, Gas Hot Water Heater | Floors: Carpet, Stone, Wood | Windows: Double-Pane

Garage & Parking

Parking: Attch'd Gar Cabinets, Electric Door Opener, Extnded Lngth Garage, Over Height Garage, Separate Strge Area, Side Vehicle Entry, RV - Gated, Driveway - Circular, 4.00

Lot

Lot size: 88417 sqft | Lot range: 2 - 4.9 Acres | Lot Features: Cul de Sac, North/South Exposure

Location

County: Maricopa | Subdivision: Gated Private Community | Directions: South on Cooper, West on Victoria, South on 125th Place at Gate, Second home in on right. Call Agent for Gate Code | MLS #: 5919974

Community

Condo Maintenance: #OTHER, Street Maintenance, Water

Appliances

Appliances: Soft Water Loop, Disposal, Dishwasher, Refrigerator, Gas Oven / Range, Gas Stub for Range, Microwave - Built In, Reverse Osmosis, Multiple Ovens

Heating & Cooling

Air Conditioning: Refrigeration | Heating: Electric | Fireplaces: 3, Gas, Two Way

Utilities & Security

Utilities: Cable - Available / In Street, HighSpd Intrnt Aval, Ntwrk Wrng Multi Rms, Pre-Wire Sat Dish, Pre-Wire Srnd Snd, Sat Dish Intrnt Lsd, SRP, SW Gas | Sewer Service: Septic, Septic in & Cnctd | Water Source: Well - Shared | Safety and Security: Security Sys Owned

School

School District: 080 - Chandler Unified District | Elementary School: Jane D. Hull Elementary | Middle School: San Tan Elementary | High School: Basha High School

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

School Information

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Local Insights

Listing provided by: Marci Burgoyne 

Listing courtesy of: Crown Key Real Estate |  (480) 389-2700 

Tools for buyers

Data provided by: Arizona Regional MLS
Last detected update: August 05, 2019 12:15PM EST ~ Verified on November 15, 2019 05:42AM 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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