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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
155 Starfish Ct
MARCO ISLAND, FL 34145
4 Beds
4 Baths
2,760 ft2
$1,649,000
Owners.com Estimate:
Estimated Payment:$6,192/mo
HOA:$0

Spectacular Turnkey 4 bedroom 4 ensuite baths plus den home situated off the Marco River with long water view and southeast exposure

Modern open floor plan with high end details and architecture that include 12' coffered ceilings, travertine throughout, crown molding, granite, stunning undercover outdoor space with summer kitchen, fireplace and tv. 2014 built and professionally decorated. Well maintained and beautifully landscaped. This home has a strong rental history of 80k+ in gross rentals. Truly a must see!

Property type
Single Family Home
Structure
Single Story, Great Room, Split Bedrooms
Year built
2014
Parking
3.00Garage - Automatic Opener, Garage - Attached
Price/Sqft
$597
MLS #
219032192
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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: 4 | Room Types: Great Room, Den - Study

Bathrooms

# of Full Bathrooms: 4
# of Half Bathrooms: 0

Interior

Features: Ceiling - Fan(s), #NONE, Furnished - Turnkey, Built-In Cabinets, High Speed Available, Laundry Tub, Surround Sound Wired

Exterior

Features: Screened Lanai/Porch, Outdoor Fireplace, Shower | Pool: true, Below Ground, Heated - Electric, Pool Bath, Screened | Irrigation: Sprinkler Auto, Central

Building

Property Types: Single Family Home, Residential | Year Built: 2014 | Structure: Single Story, Great Room, Split Bedrooms | Architecture: Contemporary | Construction: Concrete Block, Piling, Poured Concrete | Roof: Tile | Siding: Stucco | Floors: Tile | Windows: Coverings, Impact Resistant

Garage & Parking

Parking: Garage - Automatic Opener, Garage - Attached, 3.00

Lot

Lot size: 0.3700 acres | Lot Features: Oversize

Location

County: Collier | Real Estate Area: MI01 - Marco Island | MLS #: 219032192

Community

Condo Features: Pets - Allowed | Condo Maintenance: #NONE | HOA Dues: $0

Appliances

Appliances: Dishwasher, Disposal, Dryer, Gas Grill, Microwave, Range, Oven - Self-cleaning, Washing Machine, Wine Cooler

Heating & Cooling

Air Conditioning: Central Electric | Heating: Central Electric

Utilities & Security

Sewer Service: Central | Water Source: Central | Safety and Security: Security System, Smoke Detector

School

Elementary School: TOMMIE BARFIELD ELEMENTARY SCHOOL | Middle School: MANATEE MIDDLE SCHOOL | High School: LELY 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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Price History

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Price
Source: County(Public) Records

School Information

Property History & Valuation

Local Insights

Listing provided by: Dianna L Spinuzza 

Listing courtesy of: Independent Brokers Realty SF |  (239) 389-1711 

Tools for buyers

Data provided by: Naples Area Board of REALTORS®
Last detected update: November 04, 2019 04:22AM EST ~ Verified on November 04, 2019 09:12PM 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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