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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
204 days on Owners.com
1780 Ramiro Rd
San Marino, CA 91108
4 Beds
3 Baths
3,430 ft2
$2,480,000
Owners.com Estimate:
Estimated Payment:$9,312/mo

A very pretty Spanish home with a two-story entry and abundance of architectural detailing and craftsmanship

This home is situated in the desirable Mission District of San Marino and is across the street from Southwestern Academy.This property features four bedrooms and three baths. One of the bedrooms and baths is located on the lower level adjacent to the kitchen and service room. The gracious living room has beamed ceilings, original hardwood flooring and a fireplace. The living room opens to a light-filled family room with walls of glass overlooking and opening to rear raised terraces and gardens with grassy areas. Adjacent is a beautiful formal dining room, also opening to terraces. Complementing all is a spacious kitchen with tile countertops, abundant storage and large breakfast area.The professionally landscaped front and rear gardens include raised terraces, large grassy areas, mature trees and planted gardens... greatly extending the livability of this inviting San Marino home.Additional features:Two car garageMaster bedroom sitting areaOffice off of second bedroomNewly refinished hardwood flooring

Property type
Residential
Structure
Two Story
Year built
1928
Parking
2.0Driveway - Concrete, Garage - Side Entry
Price/Sqft
$723
MLS #
819001989
Lot Size
8538 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: 4 | Room Types: Dining Room, Bedroom(s) - Master, Family Room, Living Room

Bathrooms

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

Interior

Features: Crown Moldings

Exterior

Pool: false | Irrigation: Sprinkler System

Building

Property Types: Residential, Single Family Home | Year Built: 1928 | Structure: Two Story | Architecture: Spanish | Floors: Wood - Hard

Garage & Parking

Parking: Driveway - Concrete, Garage - Side Entry, 2.0

Lot

Lot size: 0.2 acres | Lot size: 8538 sqft | Zoning: SOR109

Location

County: Los Angeles | Real Estate Area: San Marino (655) | MLS #: 819001989

Appliances

Appliances: Dishwasher, Garbage Disposal, Refrigerator, Vented Exhaust Fan, Gas Cooktop, Oven - Dual, Oven - Gas, Range Hood

Heating & Cooling

Air Conditioning: Central Air | Heating: Natural Gas Heat, Forced Air | Fireplaces: true, Gas & Wood, Raised Hearth

Utilities & Security

Sewer Service: In, Connected & Paid | Water Source: District/Public

School

School District: San Marino Unified | Elementary School: VALENTINE | Middle School: HUNTINGTON | High School: SAN MARINO

Owners.com Estimated Value

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Source: County(Public) Records

School Information

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Local Insights

Listing provided by: Brent Chang 

Listing courtesy of: COMPASS |  (626) 205-4040 

Tools for buyers

Data provided by: Palm Springs Regional Association of REALTORS®
Last detected update: October 03, 2019 05:54AM EST ~ Verified on November 10, 2019 06:25AM 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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