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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
201 days on Owners.com
1714 E Quarter Horse Trl
San Tan Valley, AZ 85140
4 Beds
2 Baths
2,062 ft2
$475,000
Owners.com Estimate:
Estimated Payment:$1,784/mo

The perfect Horse/ RV setup is now on the market! 4 bedrooms & a den, 2 baths, 6 CAR GARAGE on 1

5 acre IRRIGATED Lot! Property features a North/South exposure, no HOA and a 60x40 RV SHOP(power & water), 2 RV size and 1 standard size roll up doors. Horse features include 4, 15x15 covered stalls, and hay storage. Property is completely fenced with pasture and mature trees. Home has an open concept floor plan, with knotty alder cabinetry. Close to shopping, dining, and entertainment. Make your appointment today!

Property type
Single Family Home
Structure
Dwelling - Single Family - Detached, 1
Year built
1997
Parking
6.00Detached, Electric Door Opener, Separate Strge Area, RV - Gated, RV, RV - Garage
Price/Sqft
$230
MLS #
5919654
Lot Size
65340 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: 4 | Room Types: Great Room, Workshop | Basement: false

Interior

Features: Breakfast Bar, No Interior Steps, Pantry, #NONE

Exterior

Features: #OTHER, Horse Feature - Stall, Patio - Covered, Patio | Pool: #NONE

Building

Property Types: Single Family Home | Year Built: 1997 | Structure: Dwelling - Single Family - Detached, 1 | Architecture: Territorial/Santa Fe, All on One Level, Dwelling Styles - Detached | Construction: Frame - Wood | Roof: All Tile | Siding: Painted, Stucco | Plumbing: Electric Hot Wtr Htr | Floors: Stone | Windows: Double-Pane, Low-E

Garage & Parking

Parking: Detached, Electric Door Opener, Separate Strge Area, RV - Gated, RV, RV - Garage, 6.00

Lot

Lot size: 65340 sqft | Lot range: 1 - 1.9 Acres | Lot Features: North/South Exposure

Location

County: Pinal | Subdivision: S20 T2S R8E | Directions: Head east on Ocotillo Rd, Turn right onto Kenworthy Rd, Turn right onto Quarter Horse Trail. Property is located on the right. | MLS #: 5919654

Community

Condo Maintenance: No Fees

Appliances

Appliances: Disposal, Dishwasher, Refrigerator, Range / Oven, Microwave - Built In

Heating & Cooling

Air Conditioning: Refrigeration, Programmable Thmstat | Heating: Electric | Fireplaces: No Fireplace

Utilities & Security

Utilities: Cable - Available / In Street, Pre-Wire Sat Dish, SRP | Sewer Service: Septic | Water Source: City Water

School

School District: 0044 - J.O. Combs Unified District - Pinal | Elementary School: Jack Harmon Elementary School | Middle School: J. O. Combs Middle School | High School: Combs 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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Local Insights

Listing provided by: Heather Openshaw 

Listing courtesy of: Keller Williams Integrity First |  (480) 854-2400 

Tools for buyers

Data provided by: Arizona Regional MLS
Last detected update: August 28, 2019 07:56AM 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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