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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
1562 Golden Rain Rd # M2-44G
Seal Beach, CA 90740
2 Beds
2 Baths
900 ft2
$229,000
Owners.com Estimate:
Estimated Payment:$860/mo
HOA:$415, Monthly

2BR, 2 BA Corner! Best location

Best Value.Clean and movein condition.
Walk to: Health Center, Pool, gym, Cafe, Amphitheater.
L.W bus bench on corner. Large outdoor Patio, bonus enclosed patio room with large skylight-could be a studio, hobby room .
BRAND NEW Golden Oak laminate flooring throughout. Building recently repainted, "cool roof" installed.
Mid -century hardwood cabinets, ceiling fan, double skylight in kitchen. Easy clean Formica counters.
GE stove and fridge under LW maintenance program.
Main bath has overhead opening skylight and low tub access. 2nd bath has overhead heat lamp with timer and corner shower.
Expanded second bedroom also includes niche for computer station or vanity table.

Carport 38 space 30

Property type
Cooperative
Structure
Single Story
Year built
1962
Parking
1, Carport
Price/Sqft
$254
MLS #
PW19096323
Lot Size
1400 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: 2 | Room Types: Bedroom(s) - All Lower, Kitchen, Living Room, Bedroom(s) - Main Floor, Bedroom(s) - Main Floor Master

Bathrooms

# of Full Bathrooms: 1
# of Quarter Bathrooms: 0
# of Half Bathrooms: 0
# of Three Quarter Bathrooms: 1

Interior

Features: Counter(s) - Formica, Spa - Association, Spa - Gunite, Spa - In Ground

Exterior

Features: Rain Gutters, Patio/Porch - Concrete, Patio - Covered | Pool: false, Association, Gunite, Heated, In Ground

Building

Property Types: Cooperative | Year Built: 1962 | Structure: Single Story | Architecture: Contemporary | Construction: Concrete, Drywall Walls | Condition: Turnkey | Roof: Composition | Foundation: Slab | Floors: Laminate

Garage & Parking

Parking: true, Carport, 1.00

Lot

Lot size: 0.0321 acres | Lot size: 1400 sqft | Lot Features: 26-30 Units/Acre, Sprinklers In Front, Walkstreet, Yard

Location

County: Orange | Subdivision: Leisure World (LW) | Real Estate Area: 1A - Seal Beach | Directions: T Bird N to Merion Way Bldg 44 R | MLS #: PW19096323

Community

HOA Dues: $415/ Monthly

Appliances

Appliances: Oven - Electric, Range - Electric

Heating & Cooling

Air Conditioning: #NONE | Heating: Radiant | Fireplaces: false

Utilities & Security

Utilities: 220V In Kitchen | Sewer Service: Paid, Connected | Water Source: Water Connected, Public Supply | Safety and Security: 24 Hour Security, Smoke Detector

Accessibility

Accessibility: 36 Inch Or More Wide Halls

School

School District: Los Alamitos 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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Price History

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Source: County(Public) Records

School Information

Property History & Valuation

Local Insights

Listing provided by: Hank Barto 

Listing courtesy of: Leisure Living Resales, Inc. 

Tools for buyers

Data provided by: CRMLS
Last detected update: September 25, 2019 12:03PM EST ~ Verified on November 10, 2019 12:49AM 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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