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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
614 Cedar Canyon Rd
Lake Almanor, CA 96137
2 Beds
2 Baths
1,265 ft2
$239,000
Owners.com Estimate:
Estimated Payment:$897/mo

This quaint country club cabin is tucked quietly up off the street

It has lake views from the living room, kitchen, both bedrooms and the BBQ area. This is a cozy cabin, built with pride. It features an open kitchen and large open beam living room with a warm wood stove for entertaining. The master bedroom and tiled bath are on the first level and feature a lake view. Upstairs is a large second bedroom and bathroom. This large open room with a nice lake view would also be great to utilize as a game room or extra-large sleeping area for the kids. The cabin has a basement which is perfect to store bikes, fishing gear, water toys and snow gear in. This home is ready to move into, it will be fully furnished, bring your family and come enjoy life at Lake Almanor!Septic has been inspected and pumped.Recent home inspection report and pest inspection report available for buyers.Most furnishings included in sale.

Property type
Residential
Structure
Two Story
Year built
2002
Parking
#NONE, Driveway - Gravel, Off Street
Price/Sqft
$189
MLS #
201900400
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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: Family Room, Living Room | Basement: Partial

Bathrooms

# of Full Bathrooms: 2
# of Half Bathrooms: 0

Interior

Features: Kitchen, Electric Stove Connection, Ceiling - Fan(s)

Exterior

Features: Trees - Large Trees, Satellite, #NONE

Building

Property Types: Residential | Year Built: 2002 | Structure: Two Story | Construction: Wood | Roof: Composition | Siding: Wood | Foundation: Perimeter | Floors: Carpet, Wood - Hard, Tile | Windows: Double-Pane

Garage & Parking

Parking: #NONE, Driveway - Gravel, Off Street

Lot

Lot size: 0.35 acres | Lot Features: Residential Neighborhood | Topography: Moderate

Location

County: PLUMAS | Real Estate Area: Lake Almanor Country Club (LA102) | MLS #: 201900400

Community

Condo Maintenance: Security, Snow Removal, Road Maintenance Agree., Recreational Facilities

Appliances

Appliances: Electric Range Oven, Microwave, Refrigerator, Freezer, Water Heater - Electric

Heating & Cooling

Heating: Woodstove, Wall | Fireplaces: Wood Stove

Utilities & Security

Utilities: Gas Utilities (Propane), Electricity, Telephone, Cable TV Available | Sewer Service: Septic | Water Source: Community

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

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Local Insights

Listing provided by: KACIE HOLLAND 

Listing courtesy of: LAKE ALMANOR BROKERS |  (530) 596-3303 

Plumas Association of REALTORS®

Tools for buyers

Data provided by: Plumas Association of REALTORS®
Last detected update: September 29, 2019 03:42PM EST ~ Verified on November 09, 2019 07:03PM 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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