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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
8224 Pinetree Ln
ENGLEWOOD, FL 34224
2 Beds
2 Baths
784 ft2
$129,000
Owners.com Estimate:
Estimated Payment:$484/mo

MOTIVATED SELLER - PRICE REDUCED

...Own your own land with this amazing, well kept home in a quiet and spacious community. Located less than 6 miles to Englewood Beach and less than 8 miles to Boca Grande.Totally fenced-in yard from the front of street to the back of the property. Huge screened in patio measuring almost 800 sq ft gives any size family plenty of room to relax and enjoy fresh air year round.
As you enter the yard, you'll be greeted by the screened carport ahead and roomy front porch. You'll access this amazing home through the carport then the french doors into the living room with updated flooring installed 2016; The spacious kitchen has lots of cabinets, a pantry, a breakfast bar that can sit many, and great natural light. The 2nd bedroom has a built-in desk area and a nice sized closet. The master bedroom has it's own door to the back patio, windows overlooking the back yard and a producing citrus tree; is comfortably sized for a queen bed. When you enter the Florida room off the rocking chair front porch you'll find plenty of windows to enjoy the view of the great outdoors. An INSIDE laundry room with a half bath and another door leading to the side yard.
You'll be impressed by such a friendly community. Neighbors are walking their dogs or driving their golf carts to visit friends as well as fishing from their own docks. This home is centrally located less than 5 miles to shopping, banking, post office, and so much more.
Ask your Realtor (or me) for a list of updates & about boat.

Property type
Mobile / Manufactured
Structure
Single Story
Year built
1978
Parking
Covered, Off Street
Price/Sqft
$165
MLS #
N6105460
Lot Size
8400 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
Virtual Tour: virtual tour | Room Types: Utility, Laundry

Bathrooms

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

Interior

Features: Storage, Unfurnished, Ceiling - Fan(s), Thermostat

Exterior

Features: Fence, Shower, Shed, Front Porch | Pool: false

Building

Property Types: Mobile / Manufactured, Residential | Year Built: 1978 | Structure: Single Story | Roof: #OTHER | Siding: Metal | Foundation: Slab | Floors: Laminate, Tile, Vinyl | Windows: Window Treatments

Garage & Parking

Parking: Covered, Off Street | Garage: false

Lot

Lot size: 0.19 acres | Lot size: 8400 sqft | Lot range: Up to 10,889 Sq. Ft. | Lot Features: Level, Street Paved

Location

County: Charlotte | Subdivision: PINE LAKE | Directions: T/L Placida Rd. Prepare to turn right after Manatee Beans & Brews onto Moss Drive (just before A-1 Collision & Glass of Englewood). Take the 2nd left (Pine Tree Lane), The property is 8224 Pine Tree. | MLS #: N6105460

Community

Condo Features: Pets - Allowed

Appliances

Appliances: Cooktop, Dishwasher, Dryer, Water Heater - Electric, Exhaust, Microwave, Range, Refrigerator, Washing Machine

Heating & Cooling

Air Conditioning: Central Air | Heating: Central Heating | Fireplaces: false

Utilities & Security

Utilities: Cable - Available / In Street, Electricity, Fire Hydrant | Sewer Service: Connected | Water Source: Sprinkler Well, Available

School

Elementary School: Vineland Elementary | Middle School: L.A. Ainger Middle | High School: Lemon Bay High

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
Source: County(Public) Records

School Information

Property History & Valuation

Local Insights

Listing provided by: Randalee Roberts 

Listing courtesy of: COLDWELL BANKER SUNSTAR REALTY |  (941) 627-3321 

Tools for buyers

Data provided by: My Florida Regional MLS DBA Stellar MLS
Last detected update: October 22, 2019 06:48AM EST ~ Verified on November 15, 2019 05:42AM 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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