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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
202 days on Owners.com
879 Rheinfelder St
Portola, CA 96122
4 Beds
3 Baths
3,113 ft2
$450,000
Owners.com Estimate:
Estimated Payment:$1,690/mo

Amazing home in a quiet and private Cul-De-Sac

The his unique home includes the 5.08 acres (behind the home). Located in a private Cul-De-Sac and quiet neighborhood. Pride of ownership evident. This home is meticulous and charming. Beautiful hardwood floors along with quartzite floors on main level. Large shop building for RV and extra storage is 1008 sq. feet along with enclosed shop inside. Large dining room with wood stove and office. Great room with quartzite, propane - log fireplace. Master bedroom with master bath. His and Hers walk in closets. Lots of windows, quartz counters and extra large, walk in pantry. The second level has two large bedrooms and a bathroom. There is a barn door closet. This home has forced air heat, a woodstove and a propane log fireplace. Plenty of privacy in the back yard with a storage shed and bbq shed. The entire property is meticulously maintained and move in ready.

Property type
Residential
Structure
Three Story
Year built
2007
Parking
Garage - 2 Attached, #NONE, Driveway - Asphalt, RV/Boat Parking, Off Street, Garage Door Opener
Price/Sqft
$145
MLS #
201900386
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My Home Features

Rooms

Bedrooms: 4 | Room Types: Great Room, Office/Computer Room | Basement: #OTHER

Bathrooms

# of Full Bathrooms: 3
# of Half Bathrooms: 0

Interior

Features: Pantry, Kitchen, Washer Hook Ups, Icemaker Connection, Electric Dryer Hookup, Master Bath, Electric Stove Connection, Ceiling - Fan(s)

Exterior

Features: Deck, Private Yard, Storage Shed/ Outbuilding, Outside Lighting, Parking - RV Hookups, Fence - Partial, Fenced Back Yard, Outdoor Lighting, Trees - Pine, Trees - Mixed, Satellite, Satellite Dish, #OTHER | Irrigation: Sprinkler None

Building

Property Types: Residential | Year Built: 2007 | Structure: Three Story | Construction: Frame | Roof: Composition | Siding: Wood, Stone, Combination | Foundation: Poured Concrete, Perimeter | Floors: Carpet, Wood - Hard | Windows: All Window Treatments

Garage & Parking

Parking: Garage - 2 Attached, #NONE, Driveway - Asphalt, RV/Boat Parking, Off Street, Garage Door Opener

Lot

Lot size: 5.51 acres | Lot Features: Cul de Sac, No Outlet Street, Residential Neighborhood | Topography: Up slope

Location

County: PLUMAS | Real Estate Area: Portola, North (PN125) | MLS #: 201900386

Appliances

Appliances: Electric Range Oven, Washing Machine, Dryer, Microwave, Dishwasher, Garbage Disposal, Refrigerator, Electric Range Top, Oven - Electric, Water Heater - Propane

Heating & Cooling

Heating: Woodstove, Central Heating, Forced Air, Propane Gas, #OTHER | Fireplaces: Masonry, Gas Logs, Wood Stove

Utilities & Security

Utilities: Gas Utilities (Propane), Electricity, Telephone, Utilities Underground | Sewer Service: Public | Water Source: City | Safety and Security: Carbon Monoxide Detector

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: AMBER DONNELLY 

Listing courtesy of: CENTURY 21 TAHOE NORTH REALTORS |  (530) 546-8224 

Plumas Association of REALTORS®

Tools for buyers

Data provided by: Plumas Association of REALTORS®
Last detected update: June 03, 2019 05:22PM EST ~ Verified on November 09, 2019 07:03PM 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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