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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
195 days on Owners.com
5837 Forry Court
Lancaster, CA 93536
4 Beds
3 Baths
2,630 ft2
$429,900
Owners.com Estimate:
Estimated Payment:$1,614/mo
HOA:$0

Almost Brand New single story Harris home in west Lancaster

Contemporary Great Room layout with spacious living spaces, high ceilings and more. Great Room is adjacent to Kitchen, perfect for family living. Kitchen is a chef's dream. Granite countertops, Lots of Cabinets and Counter Space, Stainless appliances and more! Roomy dining area plus Breakfast Bar. Master with walkin closet. Master bath with Dual Sinks, Separate Tub and Shower, Granite Countertops. Master plus one additional bedroom on one side of house and two other bedrooms and a bath on the other. Laundry room has plenty of cabinets. Home includes paid for Solar. Tankless Water Heater and Low Water Consumption landscaping. Great corner lot location. No Mello Roos! Get a practically new home without having to wait!

Property type
Residential
Structure
Single Story
Year built
2018
Parking
2.0, 2Direct Garage Access, Garage - Attached, Garage
Price/Sqft
$163
MLS #
SR19101492
Lot Size
8047 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: 4 | Room Types: Great Room

Bathrooms

# of Full Bathrooms: 3
# of Quarter Bathrooms: 0
# of Half Bathrooms: 0
# of Three Quarter Bathrooms: 0

Exterior

Features: Block Fence, #NONE, Curbs, Sidewalks, Back Yard, Front Yard | Pool: false, #NONE

Building

Property Types: Residential, Single Family Home | Year Built: 2018 | Structure: Single Story | Architecture: Contemporary | Construction: Frame, Stucco | Roof: Tile | Floors: Carpet, Stone Tile, Concrete Slab

Garage & Parking

Parking: Direct Garage Access, Garage - Attached, Garage, 2.0, 2

Lot

Lot size: 0.1847 acres | Lot size: 8047 sqft | Zoning: LCA22*

Location

County: Los Angeles | Real Estate Area: Lancaster (LAC) | MLS #: SR19101492

Community

HOA Dues: $0

Appliances

Appliances: Dishwasher, Garbage Disposal, Built-in, Range, Oven - Gas, Gas Oven / Range, Microwave, Water Heater - Tankless

Heating & Cooling

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

Utilities & Security

Utilities: Gutters | Water Source: Public, Water District

School

School District: Antelope School District

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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Price History

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Price
Source: County(Public) Records

School Information

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Local Insights

Listing provided by: Mari-Elana Case 

Listing courtesy of: Century 21 Doug Anderson |  (661) 945-4521 

Tools for buyers

Data provided by: Palm Springs Regional Association of REALTORS®
Last detected update: October 10, 2019 05:22AM 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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