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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
202 days on Owners.com
2324 Birdie Dr
Banning, CA 92220
2 Beds
2 Baths
1,471 ft2
$269,000
Owners.com Estimate:
Estimated Payment:$1,010/mo
HOA:$262, Monthly

RETIRE TO FUN AND SECURITY!!+55 Active adult resort lifestyle is Sun Lakes Country Club! 2002 Pav model's open floorplan home is 1,471 sq ft 2 bedrooms, 2 bathrooms, home office

Roof has two year warranty and interior ceilings have been painted. The sunny kitchen overlooks the spacious great room is great for entertaining. Its open, bright and airy with lots of natural light. The master suite has a walk in closet and addition standard closet. The guest bedroom is located opposite side of the home with guest bathroom.The direct access 2 car garage features added storage cabinets and additional space for bicycles and golf cart. The yard is a low maintenance and with drip system. New fresh painting scheduled for the interior. Sun Lakes has 3 club houses, the main clubhouse has a restaurant, lounge, veranda, library, billiards, a large pool & spa area and a grand ballroom. Theres 8 lighted tennis courts & 3 lighted bocce ball courts. Situated only minutes to marketing, shopping, dining, entertainment, Palm Springs airport and easy 10 freeway access.

Property type
Single Family Home
Structure
Single Story
Year built
2002
Parking
2, Garage - Direct Access, Driveway, Driveway - Concrete, Garage, Garage - Front Entry, Garage - Two, Garage Door Opener
Price/Sqft
$183
MLS #
EV19101218
Lot Size
6534 sqft
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SAVE PREFERENCES

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: 2 | Room Types: Bedroom(s) - All Lower, Den, Entry, Kitchen, Laundry, Living Room

Bathrooms

# of Full Bathrooms: 2

Interior

Features: Open Concept, Pantry, Spa - Association, Spa - Community, Spa - Gunite, Spa - Heated, Spa - In Ground

Exterior

Features: Fence in Fair Condition, Vinyl Fence, Patio/Porch - Concrete, Patio - Covered | Pool: false, Association, Community, Exercise, Fenced, Filtered, Gunite, Heated, In Ground, Indoor, Lap, Saltwater

Building

Property Types: Single Family Home | Year Built: 2002 | Structure: Single Story | Architecture: Contemporary | Construction: Block, Concrete, Drywall Walls, Frame, Glass, Stucco | Roof: Tile - Spanish | Foundation: Slab | Floors: Carpet, Tile | Windows: Furnished - Blinds, Double-Pane, Screens

Garage & Parking

Parking: true, Garage - Direct Access, Driveway, Driveway - Concrete, Garage, Garage - Front Entry, Garage - Two, Garage Door Opener, 2.00 | Attached Garage: true

Lot

Lot size: 0.1500 acres | Lot size: 6534 sqft | Lot Features: 6-10 Units/Acre, Back Yard, Front Yard, Garden, Landscaped, Lot Shape-Rectangular, Level, Patio Home, Sprinkler System, Sprinklers Drip System, Sprinklers In Front, Sprinklers In Rear, Sprinklers On Side, Yard, None / No Lot

Location

County: Riverside | Real Estate Area: 263 - Banning/Beaumont/Cherry Valley | Directions: I-10,exit south to Highland Springs , left Sun lakes Blvd, main gate Country Club Ave, Birdie | MLS #: EV19101218

Community

HOA Dues: $262/ Monthly

Appliances

Appliances: Dishwasher, Range - Free Standing, Disposal, Water Heater - Gas, Microwave, Water Heater - Unit, Water Line to Refrigerator

Heating & Cooling

Air Conditioning: Central Air | Heating: Furnace - Central, Forced Air, Natural Gas Heat | Fireplaces: false

Utilities & Security

Utilities: Electric - Standard, Underground Utilities | Sewer Service: Connected | Water Source: Water Connected, Public Supply | Safety and Security: 24 Hour Security, Gated Entry, Carbon Monoxide Detector, Gated Community, Gated Community with Guard, Smoke Detector

School

School District: Banning Unified

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: PATRICIA RANNEY 

Listing courtesy of: BHHS PERRIE MUNDY REALTY GROUP 

Tools for buyers

Data provided by: CRMLS
Last detected update: September 28, 2019 08:32AM EST ~ Verified on November 17, 2019 09:23AM 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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