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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
196 days on Owners.com
27281 Sun Aqua Ln
BONITA SPRINGS, FL 34135
3 Beds
3 Baths
2,580 ft2
$569,900
Owners.com Estimate:
Estimated Payment:$2,140/mo
HOA:$0

$5000 Price Reduction! Charming 3 bed, 2

5 bath pool home on the beautiful, winding Imperial River with gulf access. 50+ft dock 16000lb lift. The main floor of this home boasts a substantial living space with custom built in book shelves and entertainment center with a gas fireplace. Overlooking the living space is the centrally located kitchen. The kitchen has solid surface counters, bar seating, and stunning water views. Here you will also find the massive game room with vaulted ceilings overlooking the water. The game room, and living room both have sliding glass doors that leads to outdoor living spaces adjacent to the river and tropical landscape. Downstairs pool bath. Upstairs you will discover a full master suite, two bedrooms, two baths, and a conveniently located laundry center. The master suite has an overlook with built in seating area that is sure to be a tranquil oasis for reading, watching nature, and stealing a quiet moment. The master suite houses an immense walk in closet, and private bath with double sinks, step in shower and private toilet. Down the hall from the master bedroom sits two ample sized guest bedrooms that also share treetop views, and a full bath.

Property type
Single Family Home
Structure
Two Story
Year built
1999
Parking
1.00Garage - Automatic Opener, Garage - Attached, 2+ Spaces, Driveway - Pavers
Price/Sqft
$221
MLS #
219025267
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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: Great Room, Guest Bathroom, Guest Room, Recreation, Foyer

Bathrooms

# of Full Bathrooms: 2
# of Half Bathrooms: 1

Interior

Features: Ceiling - Fan(s), #NONE, Security System, Unfurnished, Built-In Cabinets, Pantry, Spa - Above Ground

Exterior

Features: Porch - Screened, Deck, Patio | Pool: true, In Ground, Concrete, Heated - Solar, Screened Pool | Irrigation: #NONE

Building

Property Types: Single Family Home, Residential | Year Built: 1999 | Structure: Two Story | Construction: Frame - Wood | Roof: Shingle or Shake | Siding: Vinyl | Floors: Carpet, Tile | Windows: Coverings, Arched, Picture, Skylight, Tinted

Garage & Parking

Parking: Garage - Automatic Opener, Garage - Attached, 2+ Spaces, Driveway - Pavers, 1.00

Lot

Lot size: 0.2020 acres | Lot Features: Dead End, Irregular Shape | Zoning: TFC2

Location

County: Lee | Real Estate Area: BN08 - East of US41 South of Ter | MLS #: 219025267

Community

Condo Features: Pets - Allowed | Condo Maintenance: #NONE | HOA Dues: $0

Appliances

Appliances: Dishwasher, Disposal, Range, Refrigerator

Heating & Cooling

Air Conditioning: Central Electric | Heating: Central Heating - Electric, Fireplace

Utilities & Security

Sewer Service: Central | Water Source: Central | Safety and Security: Smoke Detector

Owners.com Estimated Value

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Local Insights

Listing provided by: Ruth Keiling 

Listing courtesy of: R & R Consulting LLC |  (941) 916-1662 

Florida Gulf Coast MLS

Tools for buyers

Data provided by: Florida Gulf Coast MLS
Last detected update: September 10, 2019 06:28AM EST ~ Verified on November 04, 2019 08:31PM 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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