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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
4735 Cerromar Dr
NAPLES, FL 34112
3 Beds
3 Baths
2,441 ft2
$607,000
Owners.com Estimate:
Estimated Payment:$2,279/mo
HOA:$0

Tastefully upgraded St

Lawrence model and beautiful golf course view of practice area provides serenity at its best. The current owners have upgraded everything to create a beautiful home with many practical and convenient amenities (see attached Feature List). The expanded kitchen, with newer appliances, is a focal point of the open floor plan. The Master Suite features "his" and "hers"bathrooms, custom plantation shutters throughout. The Family Room leads to an outdoor oasis, complete with Jenn-Aire kitchen grill and custom cabinetry. The pool, waterfall, pavers and lanai screening have been recently replaced to create a relaxing environment. The new owners may never want to leave, except to enjoy the many activities available in this prestigious community. Naples Lakes Country Club is the only Arnold Palmer Golf course in SWFL. There is also tennis, multiple pools and a variety of social activities at the Clubhouse and Restaurant with Executive Chef Wilhelm Gahabka- winner of many culinary awards. With a freshly painted exterior, tasteful decorating and newer carpeting, you can skip the stress of re-doing your next home and enjoy the lifestyle you deserve-at a realistic price.

Property type
Single Family Home
Structure
Split Bedrooms
Year built
2003
Parking
2.00Garage - Automatic Opener, Garage - Attached, Driveway - Pavers, Street
Price/Sqft
$249
MLS #
219031310
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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 | Room Types: Foyer

Bathrooms

# of Full Bathrooms: 3
# of Half Bathrooms: 0

Interior

Features: Ceiling - Fan(s), #NONE, Unfurnished, Built-In Cabinets, Cable Prewire, High Speed Available, Multi Phone Lines, Pantry, Surround Sound Wired

Exterior

Features: Screened Lanai/Porch, Built In Grill, Outdoor Kitchen, Patio | Pool: true, Below Ground, Concrete, Equipment Stays, Heated - Electric, Heated - Solar | Irrigation: Sprinkler Auto, Central, Lake/Canal, Reclaimed

Building

Property Types: Single Family Home, Residential | Year Built: 2003 | Structure: Split Bedrooms | Architecture: Florida | Construction: Concrete Block, Frame - Metal | Roof: Tile | Siding: Stucco | Floors: Carpet, Tile | Windows: Coverings, Storm Shutters - Manual, Arched, Single Hung

Garage & Parking

Parking: Garage - Automatic Opener, Garage - Attached, Driveway - Pavers, Street, 2.00

Lot

Lot size: 0.1800 acres | Lot Features: Regular | Zoning: 34112

Location

County: Collier | Real Estate Area: NA18 - N/O Rattlesnake Hammock | MLS #: 219031310

Community

Condo Features: Pets - Allowed | Condo Maintenance: Cable, Golf Course, Internet Service, Irrigation, Lawn/Land Maintenance, Security, Sewage, Street Lights, Street Maintenance, Trash - Removal, Water | HOA Dues: $0

Appliances

Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator/Icemaker, Oven - Self-cleaning, Wall Oven, Washing Machine, Wine Cooler

Heating & Cooling

Air Conditioning: Central Electric, Exhaust Fan | Heating: Central Electric

Utilities & Security

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

School

Elementary School: LELY ELEMENTARY SCHOOL | Middle School: EAST NAPLES 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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Source: County(Public) Records

School Information

Property History & Valuation

Local Insights

Listing provided by: Dan Ludwig 

Listing courtesy of: Premiere Plus Realty Co. |  (239) 732-7837 

Tools for buyers

Data provided by: Naples Area Board of REALTORS®
Last detected update: November 01, 2019 06:07AM 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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