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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."
SOLD
Sold in 50 days
4614 W Avenue J12
Lancaster, CA 93536
5 Beds
4 Baths
3,279 ft2
Sold for
$450,000
Owners.com Estimate:
Estimated Payment:$1,690/mo

You'll love this stunning 2 story pool home located in Antelope Valley's desirable west end! This 5 bedroom, 4 bathroom home has 2 story ceilings in the spacious living room, wood floors, and an inviting gourmet kitchen featuring granite counter tops, travertine floors, large island with bar seating, and built in desk/office area

The spacious master is upstairs and features an en suite bathroom with double vanity and walk in closets. 3 more bedrooms are located upstairs and one bedroom is conveniently located on the main floor. At the end of the day relax upstairs in the media room and enjoy a movie on the retractable big screen. Take advantage of the inviting pool and spa with a removable safety gate or enjoy a cold beverage underneath the permitted fully covered patio. A 3 car tandem garage is ready for your boat, cars or storage. Enjoy the convenience and money savings of homeowner OWNED solar. All of this situated in a friendly neighborhood with convenient schools.

Property type
Residential
Structure
Two Story
Year built
2006
Parking
3.0Garage, Side by Side, Tandem
Price/Sqft
$137
MLS #
219008596
Lot Size
7027 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: 5 | Room Types: Media Room

Bathrooms

# of Full Bathrooms: 4
# of Quarter Bathrooms: 0
# of Half Bathrooms: 0
# of Three Quarter Bathrooms: 0

Interior

Features: Turnkey, Walk In Pantry

Exterior

Features: Brick Fence, #OTHER, Fenced Yard, Sidewalks, Patio - Concrete Slab, Porch - Covered, Porch - Front | Pool: true, Gunite, In Ground, Tiled

Building

Property Types: Residential, Single Family Home | Year Built: 2006 | Structure: Two Story | Construction: Stucco | Roof: Tile | Foundation: Concrete Slab | Floors: Travertine, Wood | Windows: Double-Pane, Screens, Furnished - Blinds

Garage & Parking

Parking: Garage, Side by Side, Tandem, 3.0

Lot

Lot size: 0.16 acres | Lot size: 7027 sqft | Lot Features: Landscaped | Zoning: LRR7000*

Location

County: Los Angeles | Real Estate Area: Lancaster (LAC) | MLS #: 219008596

Appliances

Appliances: Dishwasher, Dryer, Garbage Disposal, Refrigerator, Washing Machine, Gas Cooktop, Microwave, Oven - Gas

Heating & Cooling

Air Conditioning: Air Conditioning | Heating: Central Furnace | Fireplaces: true, Gas, #OTHER, Raised Hearth

Utilities & Security

Water Source: District/Public | Safety and Security: Carbon Monoxide Detector, Smoke Detector

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

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Local Insights

Listing provided by: Jennifer Burkett 

Listing courtesy of: Coldwell Banker Property Shoppe |  (805) 646-7288 

Tools for buyers

Data provided by: Palm Springs Regional Association of REALTORS®
Last detected update: August 31, 2019 06:49AM EST ~ Verified on October 19, 2019 10:58PM 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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