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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
19570 Leonard Road
LUTZ, FL 33558
4 Beds
2 Baths
2,886 ft2
$380,760
Owners.com Estimate:
Estimated Payment:$1,430/mo
HOA:$250, Annually

Under Construction

The Madeira II gives you that feeling like no other. This home greets you with a two-car garage and a covered entry with the front door leading you right into the foyer. Off to the side of the entrance, you will find the two bedrooms separated by a full bath. Further into the home there is another bedroom tucked away to one side, which is the perfect room to host guests in. At the back of the home is the family room, which is situated parallel to the kitchen, making your trip for a snack during your Netflix marathon quick and easy. The kitchen is a beauty on its own with a wraparound granite countertop and a nice island facing the family room, so even when you're in the kitchen you still feel like you are with everyone else in the family room. You will find the Breakfast nook conveniently located at the back of the kitchen, which makes cleaning up and serving dinner much easier. When you find yourself overeating during Thanksgiving, which will happen, just take a step outside through the door in the breakfast nook that leads out to the lanai for a nice stretch and breather. On the other side of the home across from the kitchen you will find the master suite, which features a massive walk-in closet, dual vanities, a large tub, a walk-in shower and an enclosed toilet. Now it's time to see this home with your own eyes, call today to schedule a tour!

Property type
Single Family Home
Structure
Single Story
Year built
2019
Parking
Driveway, Garage Door Opener, Tandem Parking
Price/Sqft
$132
MLS #
T3171959
Lot Size
6050 sqft
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SAVE PREFERENCES

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: 4
Virtual Tour: virtual tour | Room Types: Attic, Den, Utility, Laundry

Bathrooms

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

Interior

Features: Unfurnished, In Wall Pest System, Open Floor Plan, Counter(s) - Solid, Thermostat

Exterior

Features: Hurricane Shutters, Lighting, Sidewalks, Patio - Covered, Rear Porch | Pool: false | Irrigation: Irrigation System

Building

Property Types: Single Family Home, Residential | Year Built: 2019 | Structure: Single Story | Architecture: Custom, Florida | Construction: Block, Frame - Wood | Condition: Under Construction | Roof: Shingle or Shake | Siding: Stucco | Foundation: Slab | Floors: Carpet, Tile | Windows: Low Emissivity Windows

Garage & Parking

Parking: Driveway, Garage Door Opener, Tandem Parking | Garage: true | Attached Garage: true

Lot

Lot Dimensions: 50x121 | Lot size: 0.14 acres | Lot size: 6050 sqft | Lot range: Up to 10,889 Sq. Ft. | Lot Features: In County, Level, Sidewalks, Street Paved | Zoning: MPUD

Location

County: Pasco | Subdivision: MORSANI | Directions: Veterans Expressway: Head north on the Veterans Expressway to Hwy 54 exit. Go east (right) on Hwy 54 for approximately 2.5 miles to Sunlake Blvd. Turn South (right) on Sunlake Blvd., entrance to the community will be on the left. | MLS #: T3171959

Community

Condo Features: Pets - Allowed | Condo Maintenance: Community Pool | HOA Dues: $250/ Annually

Appliances

Appliances: Oven - Built-in, Cooktop, Dishwasher, Disposal, Microwave

Heating & Cooling

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

Utilities & Security

Utilities: BB/HS Internet Available, Electricity, Fire Hydrant, Public, Street Lights, Underground Utilities | Safety and Security: Smoke Detector

School

Elementary School: Oakstead Elementary-PO | Middle School: Charles S. Rushe Middle-PO | High School: Sunlake High School-PO

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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Property Tax

Price History

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Price
Source: County(Public) Records

School Information

Property History & Valuation

Local Insights

Listing provided by: Gwen Mills-Owen 

Listing courtesy of: CENTURY 21 LIST WITH BEGGINS |  (813) 658-2121 

Tools for buyers

Data provided by: My Florida Regional MLS DBA Stellar MLS
Last detected update: October 14, 2019 08:36PM 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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