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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
195 days on Owners.com
30574 Road 600
Raymond, CA 93653
4 Beds
2 Baths
2,377 ft2
$549,000
Owners.com Estimate:
Estimated Payment:$2,062/mo
HOA:$0

Peaceful! Scenic! Beautiful! Get ready for breathtaking views of rolling pastures from your patio! This is a wonderful turnkey 4 bedroom, 2 bath home that is lovingly maintained and has so much to offer you! 2377+/- sq

ft. includes and large great room, formal dining room, huge kitchen with center island and laundry area with walk-in pantry. The spacious master suite is fantastic with lots of room, walk-in closet and large bathroom with separate shower and jetted bathtub. The interior is stunning! From the patio you can keep watch on your 42+ gently rolling acres with an arena, fenced corrals and 5 pastures that are perfect for horses or cattle! Privacy is easy to come by with this home, not only does it sit on a large parcel but it is surrounded by other large parcels! Located in Raymond for an easy commute to Highway 41, Fresno, Madera and Highway 99. Come and see this property and make it your dream ranch today!

Property type
Single Family Home
Structure
Single Story
Year built
2001
Parking
2Garage - Attached, RV - Potential, Uncovered
Price/Sqft
$231
MLS #
522482
Lot Size
1863497 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: 4
Virtual Tour: virtual tour

Bathrooms

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

Interior

Features: Breakfast Bar, Pantry, #NONE

Exterior

Features: Patio - Concrete, Horses Allowed, Horse Setup, Fence | Pool: false

Building

Property Types: Single Family Home, Residential | Year Built: 2001 | Structure: Single Story | Architecture: Ranch | Roof: Shingle - Composition | Siding: Stucco | Foundation: Concrete | Floors: Vinyl | Windows: Double-Pane

Garage & Parking

Parking: Garage - Attached, RV - Potential, Uncovered, 2

Lot

Lot size: 42.78 acres | Lot size: 1863497 sqft | Lot Features: Pasture | Zoning: ARE-40

Location

County: Madera | Real Estate Area: 653 | Directions: Hwy. 41 to Rd. 415 to Rd. 600. | MLS #: 522482

Community

HOA Dues: $0

Appliances

Appliances: Gas Appliances, Disposal, Dishwasher

Heating & Cooling

Air Conditioning: Central Air | Heating: Central Heating | Fireplaces: 1

Utilities & Security

Utilities: Public Utilities, Gas Utilities (Propane) | Sewer Service: Septic - Tank | Water Source: Well - Private

School

School District: Raymond Knowles | Elementary School: Raymond Knowles | Middle School: Raymond Knowles | High School: Yosemite

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: Rene Christenson 

Listing courtesy of: Century 21 Ditton Realty |  (559) 683-7653 

Fresno Association of REALTORS®

Tools for buyers

Data provided by: Fresno Association of REALTORS®
Last detected update: October 11, 2019 10:14AM 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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