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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."
SOLD
Sold in 106 days
1125 South Dr Apt D
Delray Beach, FL 33445
2 Beds
2 Baths
1,070 ft2
Sold for
$87,000
Owners.com Estimate:
Estimated Payment:$338/mo

Great location of this 2br/2ba corner villa nesteled in a very desirable 55+ comm

Close to all amenities I95/Turnpike, just minutes to the beach and downtown Delray, close to fine restaurants, shops, places of worship and so much more. Bright, open and very spacious 2BR/2BA. Villa features neutral tile flooring throughout with carpeting in both bedrooms and Florida room. A/C unit Nov/2010. Make this lovely villa your new piece of paradise. May rent without a waiting period 3 month in and only once per year. New roofs April 2017

Property type
Villa
Year built
1977
Parking
0.00Space(s) - Assigned, Guest Space(s)
Price/Sqft
$84
MLS #
RX-10382521
Lot Size
1621894 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: 2 | Room Types: Florida

Bathrooms

# of Full Bathrooms: 2
# of Half Bathrooms: 0

Interior

Features: Furniture - Negotiable, Pantry

Exterior

Features: Awnings | Pool: false | Irrigation: Auto Sprinkler, Zoned Sprinkler

Building

Property Types: Villa | Year Built: 1977 | Architecture: Villa | Construction: CBS | Roof: Shingle - Composition | Floors: Carpet, Tile - Ceramic | Windows: Awning, Furnished - Blinds, Furnished - Curtains / Drapes

Garage & Parking

Parking: Space(s) - Assigned, Guest Space(s), 0.00

Lot

Lot size: 1621894 sqft Lot Features: Corner Lot | Zoning: RM(cit

Location

County: Palm Beach | Subdivision: HIGH POINT OF DELRAY SEC 5 CONDO | Real Estate Area: 4540 | Directions: Atlantic Ave west, North on Barwick Road, Enter HP6 on right, 2nd stop make a right, follow curve to the left. 3rd court on left. | MLS #: RX-10382521

Community

Condo Features: Pets - No | Condo Maintenance: Cable, Common Areas, Common R.E. Tax, Insurance-Bldg, Laundry Facilities, Lawn Care, Maintenance-Exterior, Parking, Pest Control, Pool Service, Roof Maintenance, Sewage, Trash - Removal, Water

Appliances

Appliances: Dishwasher, Disposal, Ice Maker, Microwave, Range - Electric, Refrigerator, Water Heater - Electric

Heating & Cooling

Air Conditioning: Central Air, Electric, Paddle Fans | Heating: Central, Electric

Utilities & Security

Utilities: Cable, Electricity | Sewer Service: Public Sewer | Water Source: Public

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: Dunia M Keldani 

Listing courtesy of: Realty Home Advisors Inc |  (561) 613-0393 

Tools for buyers

Data provided by: Realtor Association of the Palm Beaches
Last detected update: July 24, 2018 05:27AM EST ~ Verified on October 21, 2019 01:47PM 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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