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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."

Listing provided by: Brian Zamora 

Listing courtesy of: Keller Williams Rlty Elk Grove |  (916) 405-5700 

SOLD
9740 Miketo Way
Elk Grove, CA 95757
3 Beds
3 Baths
2,011 ft2
Sold for
$478,000
Owners.com Estimate:
Estimated Payment:$1,652/mo
HOA:$0

Welcome to The Ridge in Elk Grove! This 2-story corner lot home is over 2000 sq ft & features 3 bedrooms with a bonus 4th room downstairs that could be used as an office, den, study, play room, or even converted into a 4th bedroom! 2

5 Baths including a Jack & Jill bathroom upstairs for the kids to share. The custom wainscoting wall leads to an open floor plan of the living room featuring a functional built in entertainment center. The kitchen is beautifully upgraded with herringbone white subway tiles & Calacutta quartz countertops. The master en suite includes a walk-in closet, double sinks & large shower. The backyard is the perfect place to gather with friends under the covered patio. Come jump on the trampoline, & if you're a Sacramento King's fan, then you need to check out the included half basketball court in your spacious backyard. Conveniently located walking distance to Zehnder Ranch Elementary, Horseshoe Park, Costco, Trader Joe's, the NEW aquatic center, sooo much more!

Property type
Single Family Home
Year built
2010
Parking
2RV Possible
Price/Sqft
$219
MLS #
19026125
Lot Size
7270 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: 3
Virtual Tour: virtual tour | Room Types: Bonus, Den, Dining Room, Bedroom on Main Floor

Bathrooms

# of Full Bathrooms: 2
# of Half Bathrooms: 1

Interior

Features: Ceiling - Fan(s)

Exterior

Features: Porch, Courtyard Uncovered, Patio - Covered | Pool: false | Irrigation: Public District

Building

Property Types: Single Family Home | Year Built: 2010 | Construction: Frame | Roof: Shingle - Composition | Siding: Stucco | Foundation: Concrete Slab | Floors: Carpet, Laminate, Tile | Windows: Dual Pane Partial

Garage & Parking

Parking: RV Possible, 2

Lot

Lot size: 0.1669 acres | Lot size: 7270 sqft | Zoning: RD-5

Location

County: Sacramento | Real Estate Area: 10757-Elk Grove | Directions: Elk Grove blvd, turn on big horn, right on civic center, left on Wymark, right on Demui, corner of Mikito and Demui. | MLS #: 19026125

Community

HOA Dues: $0

Heating & Cooling

Air Conditioning: Central Air | Heating: Central Heating | Fireplaces: 0

Utilities & Security

Utilities: All Public | Sewer Service: In & Connected | Water Source: Public Supply

School

School District: Sacramento | Elementary School: Elk Grove Unified | Middle School: Elk Grove Unified | High School: Elk Grove 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

William David Osborne, 01346546 , CA
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Last detected update: June 03, 2019 07:29AM EST ~ Verified on November 09, 2019 11:43PM EST

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

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