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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
223 days on Owners.com
12329 Gorham Ave
Los Angeles (City), CA 90049
4 Beds
5 Baths
3,200 ft2
$2,849,000
Owners.com Estimate:
Estimated Payment:$10,698/mo
HOA:$501.20, Monthly

Welcome to this exquisite, one-of-a-kind, free-standing townhome featuring the highest quality finishes & utmost elegance

Located on a peaceful tree-lined street in an A+ Brentwood loc. This pristine, gated, light-filled home has an expansive flr plan w/4 en-suite bedrooms & a downstairs office.Dramatic 10' ceilings complement the formal living & dining rms which are adorned w/custom raw silk drapes & Hunter Douglas shades.From the living rm,French doors lead to a large private outdoor patio w/lush landscaping,ideal for seamless indoor/outdoor entertaining.Designer gourmet kitchen incl Thermador appliances, Italian designer cabinets, quartz countertops w/adj family rm.Elegant Master suite w/fireplace offers 2 separate walk-in closets; Master bath w/Carrara marble flrs, free-standing bathtub, sep rain shower & double sinks. Special features incl dual tankless water heaters, 2-zone A/C, Sonos system, attached 2-car garage w/direct entry.Within close proximity to upscale shopping/dining.

Property type
Residential
Year built
2012
Parking
2Direct Garage Access, Garage Door Opener, Gated Parking, Private Garage, Garage - Attached, Garage, Side by Side, Underground Parking
Price/Sqft
$890
MLS #
19461220
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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: 4 | Room Types: Dining Room, Family Room, Living Room, Study / Office

Bathrooms

# of Full Bathrooms: 4
# of Quarter Bathrooms: 0
# of Half Bathrooms: 1
# of Three Quarter Bathrooms: 0

Interior

Features: Vacuum - Central, Intercom, Ceiling - Fan(s)

Exterior

Features: Patio | Pool: false, #NONE

Building

Property Types: Residential, Condominium | Year Built: 2012 | Architecture: Mediterranean | 0 floor | Floors: Wood - Hard, Stone

Garage & Parking

Parking: Direct Garage Access, Garage Door Opener, Gated Parking, Private Garage, Garage - Attached, Garage, Side by Side, Underground Parking, 2

Lot

Zoning: LAR2

Location

County: Los Angeles | Real Estate Area: Brentwood (C06) | MLS #: 19461220

Community

HOA: GORHAM GARDENS | HOA Dues: $501.20/ Monthly

Appliances

Appliances: Dishwasher, Dryer, Freezer, Garbage Disposal, Refrigerator, Washing Machine, Water Conditioner, Built-in, Range Hood, Microwave, Range

Heating & Cooling

Air Conditioning: Zoned | Heating: Central Furnace | Fireplaces: true

Utilities & Security

Safety and Security: Gated Community, Security System - Owned

School

Elementary School: CHECK WITH CITY | Middle School: CHECK WITH CITY | High School: CHECK WITH CITY

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: Julie Lovett 

Listing courtesy of: Coldwell Banker Residential Brokerage |  (310) 458-0091 

Tools for buyers

Data provided by: Palm Springs Regional Association of REALTORS®
Last detected update: October 23, 2019 10:54AM 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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