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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
4433 Kensington Park Way
Lake Worth, FL 33449
3 Beds
2 Baths
2,093 ft2
$150,000
Owners.com Estimate:
Estimated Payment:$563/mo
HOA:$489

Seller wants an offer, and will be flexible

Enjoy water and golf course view, with a newly resurfaced swimming pool and covered patio with screened enclosure. Light and Bright this lot features a fully fenced yard, and child fence for the pool. Offered furnished and turnkey with fully tiled living areas, double door entry to the 3rd bedroom den, with built in desk, entertainment center and library shelves. Any membership may be available. Air conditioner was replaced in 2011. Master bedroom has 2 walk in closets, and a linen closet. Full guest bathroom in hallway outside the 2nd guest bedroom with access from any room in the house. Kitchen includes center island with additional storage, breakfast room area, full pantry and tons of cabinets. Expanded patio and large yard perfect..

Property type
Single Family Home
Year built
1994
Parking
Driveway, Garage - Attached
Price/Sqft
$72
MLS #
RX-10527171
Lot Size
2720 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
Virtual Tour: virtual tour | Room Types: Family Room

Bathrooms

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

Interior

Features: Ctdrl/Vault Ceilings, Entry Lvl Lvng Area, Foyer, Laundry Tub, Pantry, Split Bedroom, Walk In Closets, Furnished - Negotiable, Unfurnished

Exterior

Features: Patio - Covered, Fence, Patio | Pool: false, In Ground | Irrigation: Auto Sprinkler, Zoned Sprinkler

Building

Property Types: Single Family Home | Year Built: 1994 | Architecture: Mediterranean, Ranch | Construction: CBS1 floor building | Roof: Tile | Floors: Carpet, Tile - Ceramic | Windows: Furnished - Blinds, Furnished - Curtains / Drapes, Tinted, Furnished - Blinds - Vertical

Garage & Parking

Parking: Driveway, Garage - Attached

Lot

Lot size: 2720 sqft Lot Features: Treed Lot | Zoning: RS

Location

County: Palm Beach | Subdivision: WYCLIFFE TR K | Real Estate Area: 5790 | Directions: From I 95 exit Lantana or Forest Hill Blvd. From the Turnpike exit Lake Worth Road, #93. West on Lake Worth past US 441 to first traffic light Guard Gate on south side of Lake Worth. | MLS #: RX-10527171

Community

Condo Maintenance: Cable, Common Areas, Landscaping, Exterior, Management, Manager, Reserve, Security | HOA Dues: $489

Appliances

Appliances: Garage Door Opener, Dishwasher, Dryer, Microwave, Range - Electric, Refrigerator, Washing Machine, Water Heater - Electric

Heating & Cooling

Air Conditioning: Ceiling Fan, Central Air, Electric Air Filter | Heating: Central Heating, Electric

Utilities & Security

Utilities: Cable, Electricity, Underground | Sewer Service: Sewer | Water Source: Public Supply | Safety and Security: Smoke Detector, Burglar Alarm, Entry Card, Gate - Manned, Security Patrol, Security Sys-Owned

School

Elementary School: Panther Run Elementary School | Middle School: Polo Park Middle School | High School: Palm Beach Central High School

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: Rise V Siegrist 

Listing courtesy of: Re/Max Direct |  (561) 784-3000 

Greater Fort Lauderdale REALTORS®

Tools for buyers

Data provided by: Greater Fort Lauderdale REALTORS®
Last detected update: August 29, 2019 07:13AM EST ~ Verified on November 04, 2019 09:09PM 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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