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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
17 Cormorant Cir
Newport Beach, CA 92660
3 Beds
3 Baths
1,739 ft2
$1,150,000
Owners.com Estimate:
Estimated Payment:$4,318/mo
HOA:$230, Monthly

Thanks to a highly desirable location within the cherished Back Bay-adjacent gated community of Bayview Terrace, this charming three-bedroom home offers close proximity to the areas coveted hiking trails, not to mention the beaches, restaurants, shops, and award-winning schools for which Newport Beach is so well known

Spanning approximately 1,739 square feet, it features soaring vaulted ceilings and an abundance of gorgeous natural light, which creates a sense of warmth and comfort thats felt throughout the entire residence. From a cozy family room with a fireplace to a gourmet kitchen replete with professional-grade appliances, which overlooks a beautifully landscaped wraparound patio, the home offers plenty of options when it comes to entertaining family and friends. Newly installed wood floors contribute to its stylish esthetic, while conveniences including an indoor laundry area and access to the community pool underscore its versatility.

Property type
Single Family Home
Structure
Two Story
Year built
1987
Parking
2.00
Price/Sqft
$661
MLS #
NP19100591
Lot Size
3500 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: 3 | Room Types: Bedroom(s) - All Upper, Family Room

Bathrooms

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

Interior

Features: Counter(s) - Granite, Spa - Association

Exterior

Features: Patio | Pool: false, Association

Building

Property Types: Single Family Home | Year Built: 1987 | Structure: Two Story | Floors: Carpet, Tile, Wood

Garage & Parking

Parking: 2.00 | Attached Garage: true

Lot

Lot size: 0.0803 acres | Lot size: 3500 sqft | Lot Features: Landscaped, Patio Home | Zoning: R1

Location

County: Orange | Subdivision: Bayview Terrace (BVTR) | Real Estate Area: NV - East Bluff - Harbor View | Directions: Jamboree Road to Bayview Way, North on Bayview Place. | MLS #: NP19100591

Community

HOA Dues: $230/ Monthly

Appliances

Appliances: Dishwasher, Range - Gas, Microwave, Refrigerator

Heating & Cooling

Air Conditioning: Central Air | Heating: Furnace - Central, Fireplace | Fireplaces: true

Utilities & Security

Utilities: Phone Connected | Sewer Service: Connected | Water Source: Water Connected, Public Supply | Safety and Security: Gated Community

School

School District: Newport Mesa Unified

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

Listing provided by: Meital Taub 

Listing courtesy of: First Team Estates 

Tools for buyers

Data provided by: CRMLS
Last detected update: September 28, 2019 01:24PM 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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