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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
201 days on Owners.com
22611 SE 60th Pl
HAWTHORNE, FL 32640
-- Beds
-- Baths
-- ft2
$15,000
Owners.com Estimate:
Estimated Payment:$56/mo
HOA:$0, N/A

Beautiful Lot in the up and coming Hawthorne! Clear some trees, bushes and build your dream home! City water, sewer & power poles all available on this lot

Around the corner from Shell Elementary School, with easy access to restaurants and shops. (Corner lot) next it this is also for sell. Buyer to do all due diligence and inspections.

Property type
Lot / Land
MLS #
992745
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My Home Features

Bathrooms

# of Full Bathrooms: 0.0

Building

Property Types: Lot / Land

Lot

Lot size: 0.25 acres | Lot range: 1/4 to 1/2 Acre | Lot Features: Urban/City, Landlocked, Regular Lot, Wooded

Location

County: ALACHUA | Subdivision: LAKE BREEZE ESTATES | Real Estate Area: 731-HAWTHORNE-NORTH OF SR-20 | Directions: N Main St (Route 301), Exit SE 61st Ave, Left on SE 226 St. Right onto SE 60th Place. Second lot on the right, first lot (corner) also for sale | MLS #: 992745

Community

HOA Dues: $0/ N/A

Utilities & Security

Utilities: Elec Con/Power Pole | Sewer Service: Sewer - Public | Water Source: Public Supply

School

Elementary School: Shell | Middle School: Hawthorne

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

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Local Insights

Listing provided by: CODY CZAPLA 

Listing courtesy of: SVR REALTY LLC |  (904) 903-9729 

Tools for buyers

Data provided by: Northeast Florida MLS
Last detected update: October 22, 2019 06:15AM EST ~ Verified on November 03, 2019 07:50PM 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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