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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
198 days on Owners.com
15931 Gallop Rd
Weed, CA 96094
4 Beds
2.5 Baths
2,700 ft2
$339,900
Owners.com Estimate:
Estimated Payment:$1,276/mo

Gorgeous Home with Mount Shasta View

Quiet and serene area of Lake Shastina. Enjoy large eat in kitchen with custom cabinets, lovely granite tile counters, stainless steel appliances, and a wonderful butcher block island. Pine flooring throughout kitchen and Dining area. Focal point of the living room is an impressive granite tile Mantel for the fireplace insert, which brings in the ambiance for the cool winter nights. Down stairs boasts updated half bath, granite counter top and an office/ possible bedroom. Upstairs the large master bedroom has vaulted ceilings, a lot of natural sunlight and a beautiful view of Mt. Shasta. Mst. Bath has Large walk-in granite shower, double sinks and an inviting claw foot tub. The large room above the garage is currently being used for a bedroom but could be used as a family room. Has skylights to bring in the natural lighting. Trex decking wraps around the front and side of the house. Dog run and fenced in back yard. Garage is 552 sq.ft. RV PARKING. Water feature in front yard. Wood shed and extra storage shed. SOLAR assist for Power. This is a 'MUST SEE' for anyone looking for a large beautiful, private home. Call for a private showing today!

Property type
Single Family Home
Year built
1993
Parking
RV, Garage - Attached, Driveway - Paved
Price/Sqft
$126
MLS #
113552
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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

Interior

Features: Skylight(s)

Exterior

Features: Deck, Landscaping, Lawn, Patio, Satellite, Shed, Workshop, Garden, Trees, Fence - Chain Link | Irrigation: Sprinkler(s)

Building

Property Types: Single Family Home | Year Built: 1993 | Architecture: Country | Roof: Composition | Siding: Wood | Foundation: Perimeter | Floors: Carpet, Tile, Wood | Windows: Covering - Shutters, Vinyl Clad

Garage & Parking

Parking: RV, Garage - Attached, Driveway - Paved

Lot

Lot Dimensions: 75' x 188' x 75' x 168' | Lot size: 0.3 acres | Topography: Flat

Location

Subdivision: Lake Shastina | Real Estate Area: Lake Shastina | MLS #: 113552

Appliances

Appliances: Dishwasher, Disposal, Microwave, Range - Propane, Refrigerator, Trash Compactor, Washing Machine, Oven - Dual, Dryer-Electric

Heating & Cooling

Air Conditioning: Central Air | Heating: F/A Oil | Fireplaces: Insert

Utilities & Security

Utilities: Cable, RV Parking - Cell Service, Diesel, Electricity, Generator, Propane | Sewer Service: Sewer | Water Source: Community

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: Valerie Speaks 

Listing courtesy of: John L Scott Siskiyou South |  (530) 926-9877 

Siskiyou Association of Realtors®

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Data provided by: Siskiyou Association of Realtors®
Last detected update: September 12, 2019 03:35PM EST ~ Verified on November 07, 2019 10:39PM 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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