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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."

Listing provided by: Linda Logoteta 

Listing courtesy of: Lyon RE Auburn |  (530) 888-1928 

ACTIVE
203 days on Owners.com
10210 Scott Rd
Newcastle, CA 95658
2 Beds
4 Baths
3,043 ft2
$995,000
Owners.com Estimate:
Estimated Payment:$3,736/mo
HOA:$0

At the end of a private road in Newcastle, you will find this architecturally designed single-level home built with the finest quality materials! Lovely knoll-top setting with fantastic local views

Redwood siding, cedar interior touches, metal roof, dramatic soaring ceilings! Spa-like master bath. View windows everywhere you look! Huge deck of So. American hardwood. 23-ft. deep 3-car garage with 8' doors. 56 x 30 shop with two RV doors & two 8' roll-up doors. Shop also has an office and half bath. Great high-speed internet available! Fencing and 1 inch of irrigation water makes this property perfect for horses or a vineyard. Just a short drive to the Rattlesnake Rd. access to Lake Folsom.

Property type
Single Family Home
Year built
1996
Parking
3Garage - Front Entry, Garage Door Opener, Driveway - Paved, RV Detached, Boat Storage, RV Access, RV Storage
Price/Sqft
$327
MLS #
19014056
Lot Size
230868 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: 2
Virtual Tour: virtual tour | Room Types: Dining Room, Living Room, Bedroom(s) - Master Suite, Family Room, Workshop

Bathrooms

# of Full Bathrooms: 3
# of Half Bathrooms: 1

Interior

Features: Ceiling - Fan(s), Low E Glass Partial, Skylight(s), Vacuum - Central, H/S Internet Avail, Window Furnishings, Ceiling - Cathedral, Ceiling - Beamed, Bar - Wet Bar

Exterior

Features: Antenna Dish, Deck - Covered, Uncovered Deck, Wet Bar Exterior, Workshop Building | Pool: false | Irrigation: Irrigat Connected, Public District

Building

Property Types: Single Family Home | Year Built: 1996 | Architecture: Contemporary | Construction: Frame | Roof: Metal | Siding: Wood | Foundation: Raised | Floors: Carpet, Linoleum/Vinyl, Tile | Windows: Double-Pane

Garage & Parking

Parking: Garage - Front Entry, Garage Door Opener, Driveway - Paved, RV Detached, Boat Storage, RV Access, RV Storage, 3

Lot

Lot Dimensions: 5.3 | Lot size: 5.3000 acres | Lot size: 230868 sqft | Zoning: Res

Location

County: Placer | Real Estate Area: Newcastle zip 95658 | Directions: I-80 Newcastle exit, go the the east, then onto Newcastle Rd., which parallels the freeway. Continue past Auburn Folsom Rd., left on Rattlesnake, Rt. on Scott Rd. to house at end. Note: Scott Rd. has no sign-look for the street name on the mailboxes. Don't use Google, or you'll end up in the middle of Lake Folsom! :) | MLS #: 19014056

Community

HOA Dues: $0

Appliances

Appliances: Trash Compactor, Cook Top Elec, Dishwasher, Disposal, Ice Maker Plumbed, Microwave B/I, Oven Elec B/I, Oven - Self-cleaning, Refrigerator F/S

Heating & Cooling

Air Conditioning: Central Air, MultiUnits | Heating: Central Heating, MultiUnits, Propane, Stove Wood | Fireplaces: 3, Free Standing, Wood

Utilities & Security

Utilities: 220 Volts, Propane, Propane Tank Leased | Sewer Service: Septic Connected, Septic System | Water Source: Well - Domestic

Accessibility

Accessibility: Wheelchair Access

School

School District: Placer | Elementary School: Newcastle Elementary | Middle School: Newcastle Elementary | High School: Placer Union High

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

Property History & Valuation

Local Insights

William David Osborne, 01346546 , CA
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Last detected update: October 30, 2019 12:45PM EST ~ Verified on November 09, 2019 11:43PM EST

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