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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
197 days on Owners.com
5 Boysenberry Dr
HOCKESSIN, DE 19707
4 Beds
4 Baths
3,675 ft2
$639,000
Owners.com Estimate:
Estimated Payment:$2,399/mo
HOA:$350, Annually

Welcome to 5 Boysenberry Drive, set on 1

28 acres, located in the sought after community of Ramsey Ridge. This contemporary home offers an open design that caters to today's lifestyle. The Living Room offers cathedral ceilings, stone fireplace and is open to the gourmet kitchen. The updated kitchen has beautiful soapstone countertops, garden sink, tile backsplash, stainless steel French door refrigerator and 6 burner Dacor range. The dining room with marble fireplace and cathedral ceiling easily accommodates eight or more diners. This room could also be used for a large Family Room. The first floor master suite includes French doors that lead to private balcony, large walk-in closet and spa like master bath with Carrara marble flooring and countertops and seamless glass shower with heated floor. The second floor offers a loft with vaulted ceiling, large bedroom with en suite bath. A finished, daylight lower level with two bedrooms, (one converted to kitchenette), full bath, and family room with fireplace, laundry and considerable closet/storage space offers suitable space to satisfy a variety of needs. One will notice the attention to detail as you walk through this home. Many updates have been completed over the last 5 years such as: the kitchen; new hardwood flooring in the kitchen and living room; the master bath, powder room and the lower level full bath; new driveway; new retaining walls and flagstone walkway. This home shows extremely well! *Invasive Stucco Inspection has been completed by Environspec and all repairs are scheduled to be completed

Property type
Residential
Structure
Three or More Stories, Story - Lower 1, Story - Main, Story - Upper 1
Year built
1989
Price/Sqft
$174
MLS #
DENC477108
Lot Size
55757 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
Virtual Tour: virtual tour | Room Types: Living Room, Dining Room, Bedroom(s) - Master, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Family Room, Loft | Basement: true, Full

Bathrooms

# of Full Bathrooms: 3
# of Half Bathrooms: 1

Interior

Features: Butlers Pantry, Ceiling - Fan(s), Skylight(s), Water Treat System

Exterior

Features: Deck, Porch, Living Structures - Screened, Above Grade, Below Grade

Building

Property Types: Residential | Year Built: 1989 | Structure: Three or More Stories, Story - Lower 1, Story - Main, Story - Upper 1 | Architecture: Contemporary, Detached | Construction: Stone, Stucco

Garage & Parking

Garage: true

Lot

Lot Dimensions: 171.9 X 315.10 | Lot size: 1.28 acres | Lot size: 55757 sqft | Lot Features: Front Yard, Rear Yard, SideYard(s) | Zoning: NC40

Location

County: NEW CASTLE-DE | Subdivision: RAMSEY RIDGE | Real Estate Area: Hockssn/Greenvl/Centrvl (30902) | Directions: Rt. 48 to Old Wilmington Rd to entrance of Ramsey Ridge on Dewberry Dr. Right on Boysenberry. House will be on Right. | MLS #: DENC477108

Community

Condo Maintenance: Common Area Maintenance, Snow Removal | HOA Dues: $350/ Annually

Heating & Cooling

Air Conditioning: Electric, Central Air | Heating: Gas Heating (Natural), Forced Air

Utilities & Security

Utilities: Electric Service - Circuit Breakers | Sewer Service: On Site Septic | Water Source: Public Supply

Accessibility

Accessibility: #NONE

School

School District: RED CLAY CONSOLIDATED | Elementary School: COOKE | Middle School: HENRY B. DU PONT | High School: THOMAS MCKEAN

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: Stephen J Crifasi 

Listing courtesy of: Patterson-Schwartz-Greenville 

Bright MLS

Tools for buyers

Data provided by: Bright MLS
Last detected update: September 24, 2019 07:56AM EST ~ Verified on November 04, 2019 08:32PM 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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