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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
38500 Glen Abbey Ln
Murrieta, CA 92562
3 Beds
3 Baths
2,188 ft2
$499,888
Owners.com Estimate:
Estimated Payment:$1,877/mo
HOA:$246, Monthly

Photos do not do this property justice

..A MUST SEE IN PERSON...Located in Murrieta, CA is the PRIVATE GUARD-GATED COMMUNITY of BEAR CREEK. Designed by Jack Nicklaus, the PRESTIGIOUS MEMBERS ONLY GOLF CLUB has BREATHTAKING VIEWS and has remained one of the spectacular courses in SoCal. This home is a BEAUTY with over $80K in UPGRADES! The moment you walk through the front door you are embraced with all the comforts of home. Offering Isocore Technology plank flooring through-out, plantation shutters, Hunter Douglas Silhouette window shades, LUXURIOUS custom draperies and designer paint colors coat every wall and ceiling. The EXPERTLY PLANNED kitchen, with special composite countertops, self-closing drawers, plenty of counter space and ample equipment for entertaining, even includes a Summit wine refrigerator. The large cultured stone fireplace and vaulted ceilings give the great room magnificent dimensions. The home offers a Main floor Master Suite with large walk-in closet, master bath with oversized shower, dual sinks and Toto Washlet toilet seat. Upstairs, a sizable loft and the secondary bedrooms are spacious with a Jack and Jill bathroom and bedroom deck. This home EXUDES 100% CLASS at every turn. A MUST SEE!!! Amenities include 24/7 security patrol, clubhouse, community center, Olympic-sized swimming pool, spa, weight room, cardio rooms, clay and hard tennis courts, Bocce ball courts and so much more. Come enjoy the great life. UPGRADES GALORE!

Property type
Condominium
Structure
Two Story
Year built
2016
Parking
2, Garage - Direct Access, Driveway, Driveway - Concrete, Driveway Level, Garage, Garage - Front Entry, Garage - Single, Garage Door Opener
Price/Sqft
$228
MLS #
SW19099341
Lot Size
1448 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: 3 | Room Types: Entry, Jack and Jill, Kitchen, Laundry, Living Room, Loft, Bedroom(s) - Main Floor, Bedroom(s) - Main Floor Master, Bedroom(s) - Master, Bedroom(s) - Master Suite

Bathrooms

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

Interior

Features: Open Concept, Pantry, Lighting - Recessed, Wired - Sound, Spa - Association, Spa - Heated, Spa - In Ground

Exterior

Features: Lighting, Rain Gutters, Patio/Porch - Concrete, Patio - Covered, Deck, Patio, Patio Open | Pool: false, Association, Fenced, Heated, In Ground

Building

Property Types: Condominium | Year Built: 2016 | Structure: Two Story | Architecture: Contemporary | Construction: Drywall Walls, Stucco | Condition: Turnkey | Roof: Tile | Floors: #REM | Windows: Custom Covering, Furnished - Curtains / Drapes, Plantation Shutters

Garage & Parking

Parking: true, Garage - Direct Access, Driveway, Driveway - Concrete, Driveway Level, Garage, Garage - Front Entry, Garage - Single, Garage Door Opener, 2.00 | Attached Garage: true

Lot

Lot size: 0.0332 acres | Lot size: 1448 sqft | Lot Features: Back Yard, Close to Clubhouse, Front Yard, Landscaped, Park Nearby, Yard

Location

County: Riverside | Real Estate Area: SRCAR - Southwest Riverside County | Directions: I-15 Freeway, Exit Clinton Keith, go West to Bear Creek guard gate. Continue on Bear Creek Drive North, turn left on Glen Abbey Lane. | MLS #: SW19099341

Community

HOA Dues: $246/ Monthly

Appliances

Appliances: Range - Built-in, Oven - Self-cleaning, Oven - Convection, Dishwasher, Energy Star, Water Heater - Energy Star, Disposal, Oven - Gas, Microwave, Water Heater - Flash / On-demand

Heating & Cooling

Air Conditioning: Central Air, Dual, Energy Star, High Efficiency, SEER Rated 13-15 | Heating: Furnace - Central, Energy Star, High Efficiency, Fireplace | Fireplaces: true

Utilities & Security

Utilities: Cable - Available / In Street, Phone Connected, Underground Utilities | Sewer Service: Connected | Water Source: Water Connected, Public Supply | Safety and Security: 24 Hour Security, Gated Community, Gated Community with Guard, Security Guard

Accessibility

Accessibility: Doors - Swing In, Parking

School

School District: Murrieta | Elementary School: COLCAN | Middle School: THOMPS | High School: MURRIE

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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Local Insights

Listing provided by: Julie McLaughlin 

Listing courtesy of: Berkshire West Realty 

Tools for buyers

Data provided by: CRMLS
Last detected update: September 27, 2019 10:22AM EST ~ Verified on November 17, 2019 09:23AM 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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