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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
214 days on Owners.com
82075 Country Club Dr Unit 13
Indio, CA 92201
2 Beds
1 Bath
616 ft2
$139,900
Owners.com Estimate:
Estimated Payment:$525/mo
HOA:$260, Monthly

Back On Market!: Great Turn-key condo in Indian Palms C

C. Nicely decorated fully furnished 2 bedrooms and 1 full bath. Nice morning sun in dining and kitchen area. Full kitchen w/ 30' cooking range, stainless steel appliances, refrigerator and dishwasher. Newer kitchen cabinets and granite counter tops! Open floor plan tiled floor in kitchen into living area. Bedrooms decorated for comfort with newer carpet, TVs and ceiling fans. SW bedroom has a bunk-bed with full & twin size beds. NW bedroom w/ queen bed, spacious closet w/ mirror wardrobe doors. Glass sliding door leads out to the patio area for relaxing and BBQ. The bathroom has a newer vanity with modern top and chrome fixture. The end unit faces a lawn area and many mature trees for shade. Parking is close. Well manicured landscape. Good investment or first time home buyer. Community pool, tennis, gym, golf & clubhouse. Close to entry of this gated community. Near dining, JFK Hospital, 5 min. to Starbucks, Music Festival Grounds

Property type
Residential
Structure
Ground Level
Year built
1979
Parking
Space(s) - Assigned
Price/Sqft
$227
MLS #
19457276PS
Lot Size
871200 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: 2 | Room Types: Living Room

Bathrooms

# of Full Bathrooms: 1
# of Quarter Bathrooms: 0
# of Half Bathrooms: 0
# of Three Quarter Bathrooms: 0

Interior

Features: Furnished, Ceiling - Fan(s)

Exterior

Features: Association Spa | Pool: true, Community, Association

Building

Property Types: Residential, Condominium | Year Built: 1979 | Structure: Ground Level | Architecture: Spanish | 1 floor | Floors: Carpet, Tile - Ceramic

Garage & Parking

Parking: Space(s) - Assigned

Lot

Lot size: 871200 sqft | Zoning: R2

Location

County: Riverside | Subdivision: INDIAN PALMS | Real Estate Area: Indio South of East Valley (314) | MLS #: 19457276PS

Community

HOA: INDIAN PALMS COUNTRY CLUB | HOA Dues: $260/ Monthly

Appliances

Appliances: Dishwasher, Refrigerator

Heating & Cooling

Air Conditioning: Air Conditioning | Heating: Central Furnace | Fireplaces: false

Utilities & Security

Safety and Security: Carbon Monoxide Detector, Smoke Detector

School

Elementary School: DR. CARREON | Middle School: INDIO MIDDLE SCHOOL | High School: INDIO HIGH SCHOOL

Owners.com Estimated Value

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Source: County(Public) Records

School Information

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Local Insights

Listing provided by: Michael Giesler 

Listing courtesy of: Michael Giesler Broker |  (760) 567-6000 

Tools for buyers

Data provided by: Palm Springs Regional Association of REALTORS®
Last detected update: June 03, 2019 07:02PM EST ~ Verified on November 10, 2019 06:25AM 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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