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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
201 days on Owners.com
73340 US-395
Mammoth Lakes, CA 93517
5 Beds
4 Baths
4,702 ft2
$1,299,000
Owners.com Estimate:
Estimated Payment:$4,878/mo

This is an amazing and totally beautiful ranch property in Bridgeport! 187 acres of pastures, rolling hills and unbelievable views of the Sierra Nevada and Bridgeport Valley

Located in a private valley between Mammoth and Lake Tahoe, enjoy skiing in winter and all the recreational opportunities the area offers year-round. Take the very short trip to the nearby hot springs or cross country ski and hike from your door to explore all the area has to offer. Nearby 'world-class' trout fishing all over the area. The home is spacious with five bedrooms, four baths, a magnificent great room offering panoramic views from floor to ceiling windows, a game room with a custom, walnut built-in bar, gourmet kitchen and so much more. Carefully built to perfection with beautiful wood finishes and attention to detail. The large detached garage offers parking for an RV and several vehicles and there is a three stall barn and corral for your horses to enjoy! Water rights for the irrigated pasture are included with the property.

Property type
Residential
Structure
Two Story
Year built
2001
Parking
4.0Driveway - Gravel, Private Garage, Uncovered, Garage, Garage - Detached, Parking for Guests, Parking for Guests - Onsite, Private, RV - Garage
Price/Sqft
$276
MLS #
219005255
Lot Size
8145720 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: Family Room, Living Room, Billiard Room

Bathrooms

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

Interior

Features: Built-in(s), Living Room Balcony, Deck off Living Room, Turnkey, Bar - Wet Bar, Walls - Wood Product

Exterior

Features: Barn/Stable, Shed, Corral(s), Stall(s), #OTHER, Satellite Dish, Fence, Horse Property, Horse Property Improved, Riding/Stables, Porch - Covered, Deck, Patio, Porch - Front, Patio - Wood, Balcony, Kennel | Pool: false, Room for a Pool

Building

Property Types: Residential, Single Family Home | Year Built: 2001 | Structure: Two Story | Architecture: Contemporary | Construction: Frame, Wood | Roof: Shingle - Composition | Floors: Carpet, Tile - Ceramic, Wood | Windows: Double-Pane, Furnished - Blinds

Garage & Parking

Parking: Driveway - Gravel, Private Garage, Uncovered, Garage, Garage - Detached, Parking for Guests, Parking for Guests - Onsite, Private, RV - Garage, 4.0

Lot

Lot size: 187.0 acres | Lot size: 8145720 sqft | Lot Features: Agricultural, No Landscaping, Ranch, Secluded, Wooded | Zoning: GP

Location

County: Mono | Real Estate Area: Mammoth Lakes (MMTH) | MLS #: 219005255

Appliances

Appliances: Dishwasher, Dryer, Garbage Disposal, Ice Maker, Propane Dryer Hookup, Refrigerator, Washing Machine, Water Filter, Propane Cooking, Oven - Dual, Microwave, Oven - Electric, Water Heater - Propane

Heating & Cooling

Heating: Electric, Propane, Wood, Baseboard, Central Furnace, Fireplace, Forced Air, Wall Electric, Wood Burning Stove Heater | Fireplaces: true, Wood, #OTHER

Utilities & Security

Utilities: Utilities - Overhead | Sewer Service: Septic - Tank | Water Source: Private, Well | Safety and Security: #OTHER

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: Jeffrey Baker 

Listing courtesy of: eXp Realty of California Inc. |  (805) 419-8678 

Tools for buyers

Data provided by: Palm Springs Regional Association of REALTORS®
Last detected update: September 23, 2019 06:07AM 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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