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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
196 days on Owners.com
741 10th Ve S #A
NAPLES, FL 34102
2 Beds
2 Baths
1,257 ft2
$749,000
Owners.com Estimate:
Estimated Payment:$2,813/mo
HOA:$2736.70, Quarterly

Walking distance to 5th Ave/3rd Street and the Gulf of Mexico! Very homey and private community - no rentals! Step out of your living room and jump in the refreshing salt-water pool! Enjoy your morning coffee in the sun on the patio in front of your living room or walk to one of the cosy coffee shops downtown Naples

The condo is very bright with light tile in living room and kitchen and a new carpet (2017) in the two bedrooms. The two bathrooms where renovated in 2018/2019! Air conditioning and heating are close to new (2 years). The Roof is from 2004 and in a very good condition. If you are searching for a homey and bright condo in a very friendly and private as well as pet friendly community - THIS ONE COULD BE YOURS!

Property type
Apartment
Structure
Great Room
Year built
1984
Parking
0.00Carport - Detached, Covered
Price/Sqft
$596
MLS #
219032051
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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: 2
Virtual Tour: virtual tour | Room Types: Guest Bathroom, Guest Room

Bathrooms

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

Interior

Features: #NONE, Furnished - Turnkey, Built-In Cabinets

Exterior

Features: Storage | Pool: false | Irrigation: #REM

Building

Property Types: Apartment, Residential | Year Built: 1984 | Structure: Great Room | Architecture: Garden Apt, Traditional | Construction: Concrete Block | Roof: Shingle | Siding: Vinyl | Floors: Carpet, Tile | Windows: #REM

Garage & Parking

Parking: Carport - Detached, Covered, 0.00

Location

County: Collier | Real Estate Area: NA06 - Olde Naples Area | MLS #: 219032051

Community

Condo Features: Pets Allowed with Approval | Condo Maintenance: Insurance, Irrigation, Lawn/Land Maintenance, Repairs, Reserve, Water | HOA Dues: $2736.70/ Quarterly

Appliances

Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washing Machine

Heating & Cooling

Air Conditioning: Central Electric | Heating: Central Electric

Utilities & Security

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

School

Elementary School: LAKE PARK ELEMENTARY | Middle School: GULFVIEW MIDDLE SCHOOL | High School: NAPLES 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

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Local Insights

Listing provided by: Alexandra Eva Janz 

Listing courtesy of: BHHS Florida Realty |  (239) 659-2400 

Tools for buyers

Data provided by: Naples Area Board of REALTORS®
Last detected update: October 01, 2019 02:37AM 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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