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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
203 days on Owners.com
932 Peninsula Dr
Lake Almanor, CA 96137
3 Beds
3 Baths
2,812 ft2
$1,299,000
Owners.com Estimate:
Estimated Payment:$4,878/mo

This wonderful Lake Almanor Country Club lake front property is situated on a PREMIER lake front parcel

Level access from the street and lawn to the water. Superb, open floor plan with three bedrooms and 2.5 baths, 2812 square feet. The great room features high open beam ceilings, cedar paneled walls, a gorgeous rock fireplace, beautiful built-in cabinetry and panoramic views of Lake Almanor. The master bedroom is on the main level of the home with gorgeous lake views and a spacious master bath. Nice size guest bedrooms, one with a balcony facing the lake, plus a loft area which can be used for overflow sleeping. The wonderful large two-level deck facing the water can be accessed from the master suite or the great room. Tastefully landscaped in the front and back with attractive paver driveway. Most furnishings are included and the custom aluminum dock is included! This gated community offers golf, tennis, two recreation areas and private boat launch facilities.

Property type
Residential
Structure
Two Story
Year built
1981
Parking
Garage - 2 Attached, #NONE, Driveway - Concrete, #OTHER, RV/Boat Parking, Off Street, Garage Door Opener
Price/Sqft
$462
MLS #
201900394
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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: Great Room, Loft, Utility, Foyer | Basement: #NONE

Bathrooms

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

Interior

Features: Kitchen, Washer Hook Ups, Electric Dryer Hookup, Master Bath, Electric Stove Connection, Ceiling - Fan(s)

Exterior

Features: Porch, Deck, Balcony, Rain Gutters, Outdoor Lighting, Trees - Mixed | Irrigation: Sprinkler(s), Sprinkler Front & Rear

Building

Property Types: Residential | Year Built: 1981 | Structure: Two Story | Construction: Frame | Roof: Composition | Siding: Wood, Stone | Foundation: Perimeter | Floors: Carpet, Laminate, Tile | Windows: Double-Pane

Garage & Parking

Parking: Garage - 2 Attached, #NONE, Driveway - Concrete, #OTHER, RV/Boat Parking, Off Street, Garage Door Opener

Lot

Lot size: 0.31 acres | Lot Features: Residential Neighborhood | Topography: Level

Location

County: PLUMAS | Real Estate Area: Lake Almanor Country Club (LA102) | MLS #: 201900394

Community

Condo Maintenance: Management, Security, Snow Removal, Recreational Facilities

Appliances

Appliances: Electric Range Oven, Counter Top Range, Wall Oven, Washing Machine, Dryer, Microwave, Dishwasher, Garbage Disposal, Trash Compactor, Refrigerator, Electric Range Top, Water Heater - Propane

Heating & Cooling

Heating: Central Heating, Propane Gas, Wall, Baseboard, #OTHER | Fireplaces: Masonry

Utilities & Security

Utilities: Gas Utilities (Propane), Electricity, Telephone | 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: CATHY KUERSTEN 

Listing courtesy of: COLDWELL BANKER KEHR/O'BRIEN (L) |  (530) 259-4801 

Plumas Association of REALTORS®

Tools for buyers

Data provided by: Plumas Association of REALTORS®
Last detected update: September 27, 2019 05:45PM 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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