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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."
SOLD
Sold in 30 days
6109 Vera St
Simi Valley, CA 93063
4 Beds
2 Baths
1,541 ft2
Sold for
$585,000
Owners.com Estimate:
Estimated Payment:$2,291/mo
HOA:$0

Yes! You want to live in this beautifully upgraded single story home with 4 generous bedrooms and open floor-plan

Granite counters and updated cabinets. Dual Fireplace and higher end laminate flooring make the home feel warm and inviting. Bonus is that the Solar is Paid Off... reap the benefits and comfort without the worry of the high electric bill. From the ceilings to the floor and windows, all are updated. Master bath hosts granite and beautiful custom tile. Master closet runs the length of the room. Custom window coverings to help in keeping the home at just the right comfort level. Large Vinyl windows and sliders allow for plenty of light to brighten the rooms. Entertain under the large covered patio in the backyard. Room to park your RV on the side of the home. 2 car attached garage with shelving. Low traffic flow, on this very well maintained cul-de-sac neighborhood. When you call this home, you will be able to walk to Verde park, shopping, Starbucks, and entertainment. Easy Access to the 118 freeway and Close to White Oak Elementary School. Simi Valley is an Open District.

Property type
Residential
Structure
Single Story
Year built
1972
Parking
2.0, 2Driveway, Garage Door Opener, Garage - Attached, Garage, RV Parking Possible
Price/Sqft
$396
MLS #
SR19074298
Lot Size
6500 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: Family Room

Bathrooms

# of Full Bathrooms: 2

Interior

Features: Turnkey

Exterior

Features: Shed, Block Fence, Fence - Chain Link, Wood Fence, #NONE, Curbs, Sidewalks, Front Yard, Yard, Porch - Front, Rain Gutters | Pool: false, #NONE | Irrigation: Sprinkler(s) - Front, Sprinkler(s) - Rear, Sprinkler Timer

Building

Property Types: Residential, Single Family Home | Year Built: 1972 | Structure: Single Story | Architecture: Ranch | Roof: Shingle or Shake | Floors: Carpet, Laminate, Stone Tile, Concrete Slab | Windows: Awning(s), Custom Window Covering, Double-Pane, Screens

Garage & Parking

Parking: Driveway, Garage Door Opener, Garage - Attached, Garage, RV Parking Possible, 2.0, 2

Lot

Lot size: 0.1492 acres | Lot size: 6500 sqft | Lot Features: Landscaped | Zoning: RM4.15

Location

County: Ventura | Subdivision: White Oak (191) | Real Estate Area: Simi Valley East (SVE) | MLS #: SR19074298

Community

HOA Dues: $0

Appliances

Appliances: Dishwasher, Cooking - Electric, Range, Microwave, Oven - Self-cleaning, Water Heater - Gas

Heating & Cooling

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

Utilities & Security

Utilities: Gutters, Storm Drains | Water Source: Public, Water District | Safety and Security: Carbon Monoxide Detector, Fire and Smoke Detection System, Smoke Detector

School

School District: Simi Valley Unified | Elementary School: WHIOAK | Middle School: VALVIE | High School: SIMI

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

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Local Insights

Listing provided by: Cynthia Toth 

Listing courtesy of: Century 21 Hilltop |  (805) 579-1116 

Tools for buyers

Data provided by: Palm Springs Regional Association of REALTORS®
Last detected update: June 01, 2019 02:11PM 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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