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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
194 days on Owners.com
3106 Scholarship
Irvine, CA 92612
2 Beds
3 Baths
1,781 ft2
$1,099,899
Owners.com Estimate:
Estimated Payment:$4,130/mo
HOA:$1230, Monthly

3000 THE PLAZA is a luxurious high rise building

It is the best in class OC has to offer. Resort living with 24/7 Concierge + Security. This condominium is on the 10th floor with UNOBSTRUCTED VIEW of City lights & Mountains (Complete Privacy, as not facing any buildings), lots of natural lights, 2 bedrooms (both suite rooms) plus a den (3rd bedroom or office) this model also has bath (powder room). Open floor plan: Gourmet kitchen with Viking Alliances, to the great room and den, cozy fire place, full size laundry room and good size balcony to enjoy sunset with a glass!!. Master bathroom has a separate enclosed shower and jacuzzi tub, walk in closet. Additionally, this building has to offer: Security access to each floor, ROOF TOP POOL with cabanas and fire-pit, temperature control wine tasting room with a private locker. Other amenities are full gym, sauna, jacuzzi, club room with dining and caterer kitchen, BBQ area + Billiard and Conference room. HOA fees includes high speed Internet, Cable-TV, Water, Gas, Trash. This condo unit also has a large storage space and 2 car parking. Minutes away from UCI, John Wayne Airport, major Highway access, beaches and world class shopping. Walk to neighborhood Convenience store and Restaurants!!

Property type
Condominium
Structure
Single Story
Year built
2008
Parking
2, Assigned, Gate, Space(s), Side by Side, Structure
Price/Sqft
$618
MLS #
PW19101749
Lot Size
0 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: Great Room, Kitchen, Laundry, Bedroom(s) - Main Floor Master, Study / Office

Bathrooms

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

Interior

Features: Balcony, Built-in(s), Open Concept, Lighting - Recessed, Storage, Spa - Association, Spa - Roof Top

Exterior

Features: Storage, Cabana, Patio/Porch - Concrete, Patio/Porch - Roof Top | Pool: false, Association, Roof Top

Building

Property Types: Condominium | Year Built: 2008 | Structure: Single Story | Architecture: Modern | Construction: Concrete, Drywall Walls, Stucco | Condition: Turnkey | Foundation: Block | Floors: Carpet, Tile | Windows: Screens

Garage & Parking

Parking: true, Assigned, Gate, Space(s), Side by Side, Structure, 2.00 | Attached Garage: false

Lot

Lot size: 0.0000 acres | Lot size: 0 sqft | Lot Features: None / No Lot

Location

County: Orange | Subdivision: 3000 The Plaza (3PLZ) | Real Estate Area: AA - Airport Area | Directions: 405 to Jamboree Rd, left onto Dupont Dr, right onto Scholarship, 3000 The Plaza will be on the right | MLS #: PW19101749

Community

HOA Dues: $1230/ Monthly

Appliances

Appliances: Dishwasher, Disposal, Oven - Gas, Range - Gas, Microwave, Refrigerator

Heating & Cooling

Air Conditioning: Central Air | Heating: Furnace - Central, Fireplace | Fireplaces: true, Fire Pit

Utilities & Security

Utilities: Gas Utlities (Natural Available) | Water Source: Water Connected, Public Supply | Safety and Security: 24 Hour Security, Carbon Monoxide Detector, Sprinkler System, Security Guard, Smoke Detector

School

School District: Santa Ana 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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Source: County(Public) Records

School Information

Property History & Valuation

Local Insights

Listing provided by: Hemal Parekh 

Listing courtesy of: Lawton R.E. Services 

Tools for buyers

Data provided by: CRMLS
Last detected update: September 28, 2019 06:33AM EST ~ Verified on November 10, 2019 12:49AM 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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