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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
194 days on Owners.com
131 Ocean Garden Ln
Cape Canaveral, FL 32920
3 Beds
3 Baths
2,097 ft2
$342,999
Owners.com Estimate:
Estimated Payment:$1,288/mo
HOA:$85, Monthly

Awesome beach side neighborhood

Spotless clean one owner townhome. Enjoy the tropical breezes from your 2 balconies. On the east side of A1A short safe walk to the beach. Great location near the end of 528. A/C unit, water heater, fridge, & dishwasher recently replaced. Nice size private backyard. Low HOA only $85.00 per month & pet friendly neighborhood. This is an exceptional piece of property on the coast. Come see today.

Property type
Townhome
Structure
Two Story, Unit - End
Year built
2005
Parking
2Garage Door Opener, Garage - Two Attached
Price/Sqft
$164
MLS #
843932
Lot Size
3920 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: Laundry

Bathrooms

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

Interior

Features: #NONE, Laundry-Hookup, Breakfast Bar, Open Floor Plan, Walk In Pantry

Exterior

Features: Balcony - Unscreened, Vinyl Fence, Wood Fence, Storm Shutters | Pool: false | Irrigation: Sprinkler - City

Building

Property Types: Townhome | Year Built: 2005 | Structure: Two Story, Unit - End | Construction: Combination, Concrete Block | Condition: #NONE | Roof: Shingle - Asphalt | Siding: Painted, Stucco | Floors: Carpet, Tile - Ceramic

Garage & Parking

Parking: Garage Door Opener, Garage - Two Attached, 2

Lot

Lot size: 0.09 acres | Lot size: 3920 sqft | Lot Features: Dead End Street, Sidewalks

Location

County: Brevard | Subdivision: OCEAN GARDENS WAVE FOUR | Real Estate Area: 271 - Cape Canaveral | Directions: 528 to A1A south, left on Central Blvd, left on N. Atlantic Ave, left on Ocean Garden Lane, the townhouse is on the left | MLS #: 843932

Community

Condo Maintenance: Maint - Common Area | HOA Dues: $85/ Monthly

Appliances

Appliances: Dishwasher, Disposal, Dryer, Ice Maker Hookup, Microwave-Built-in, Range - Electric, Refrigerator, Washing Machine, Water Heater - Electric

Heating & Cooling

Air Conditioning: Central Air | Heating: Central Heating | Fireplaces: false, #NONE

Utilities & Security

Utilities: Cable, Electricity, Underground | Sewer Service: Sewer | Safety and Security: #NONE

School

Elementary School: Cape View | Middle School: Cocoa Beach | High School: Cocoa Beach

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: Kevin S Belew 

Listing courtesy of: RE/MAX Solutions |  (321) 766-5674 

Tools for buyers

Data provided by: Space Coast MLS
Last detected update: November 02, 2019 11:45AM EST ~ Verified on November 09, 2019 10:14PM 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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