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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
202 days on Owners.com
10002 Iron Pointe Dr # 806A8
MILLSBORO, DE 19966
3 Beds
4 Baths
2,760 ft2
$219,000
Owners.com Estimate:
Estimated Payment:$822/mo

Phenomenal end unit town, freshly painted, home located in the river front community of Whartons Bluff conveniently located West of Bethany Beach, Fenwick Island and Ocean City * Water privileges, Pool, Playground, Walking paths * Condo Association Maintains roof, and siding

Spacious end unit town home featuring 3 LARGE bedrooms 3 and 1/2 Baths * 1 Car garage with 2 additional spaces in front * Lower level is finished with rec room and full bath and lots of storage * A must to see * Call today for your private showing *

Property type
Residential
Structure
Three or More Stories, Story - Lower 1, Story - Main, Story - Upper 1
Parking
General Common Elements, Surface
Price/Sqft
$79
MLS #
DESU139534
Lot Size
0 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: 3 | Room Types: Living Room, Dining Room, Bedroom(s) - Master, Bedroom 2, Bedroom 3, Kitchen, Family Room, Laundry, Storage Room, Utility, Bathroom 3, Master Bathroom, Full Bath, Half Bath | Basement: true, Full

Bathrooms

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

Interior

Features: Ceiling - Fan(s), Combination Kitchen/Living, Dining Area, Family Room Off Kitchen, Floor Plan - Traditional, Window Treatments

Exterior

Features: Deck, Above Grade

Building

Property Types: Residential | Year Built: 0 | Structure: Three or More Stories, Story - Lower 1, Story - Main, Story - Upper 1 | Architecture: Traditional | Construction: Frame | 3 floor | Siding: Aluminum | Floors: Carpet | Windows: Screens, Insulated, Energy Efficient

Garage & Parking

Parking: General Common Elements, Surface | Garage: true

Lot

Lot Dimensions: 0.00 x 0.00 | Lot size: 0.00 acres | Lot size: 0 sqft | Zoning: Q

Location

County: SUSSEX-DE | Subdivision: WHARTONS BLUFF | Directions: From Route 26 to Iron Branch Road, Right Iron Point Dr to 1st house on Right. | MLS #: DESU139534

Community

Condo Maintenance: Common Area Maintenance, Ext Bldg Maint, Insurance, Lawn Care Front, Lawn Care Rear, Lawn Care Side, Lawn Maintenance, Management, Reserve, Road Maintenance, Snow Removal

Appliances

Appliances: Microwave - Built In, Range - Built-in, Dishwasher, Disposal, Dryer - Electric, Dryer, Exhaust Fan, Oven/Range - Electric, Refrigerator, Washing Machine

Heating & Cooling

Air Conditioning: Electric, Central Air | Heating: Electric, Forced Air, Heat Pump | Fireplaces: false

Utilities & Security

Utilities: Cable TV, Phone, Electricity, Water, Wastewater / Sewage, Hot Water - Electric, Electric Service - Circuit Breakers | Sewer Service: Public Sewer | Water Source: Public Supply | Safety and Security: Monitored, Security System

Accessibility

Accessibility: Level Entry - Main

School

School District: INDIAN RIVER

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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Property Tax

Price History

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Price
Source: County(Public) Records

School Information

Property History & Valuation

Local Insights

Listing provided by: Grace Masten 

Listing courtesy of: Sea Grace at N Beach Realtors 

Bright MLS

Tools for buyers

Data provided by: Bright MLS
Last detected update: October 29, 2019 11:26AM 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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