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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
198 days on Owners.com
6802 S Atlantic Ave
New Smyrna Beach, FL 32169
5 Beds
4 Baths
2,622 ft2
$1,159,000
Owners.com Estimate:
Estimated Payment:$4,352/mo
HOA:$0, #NONE

Amazing 5BR/4BA/3-Car Garage DIRECT OCEANFRONT HOME in New Smyrna Beach, FL on a rare double lot (street to street) with dune lot and private walkover

Main house has 4BR/3BA and is connected via courtyard breezeway (perfect area for a private pool) to the recently built guest house, which offers a 1BR/1BA ocean and river view apartment with 2 balconies over a 3-car garage (room for your boat, beach toys and more). Ample parking via driveways at both the guest home and main house. This property is ideal for large families, guest accommodations, corporate retreats and/or rental income. In additional to the 80 LF of balconies, there's also a large rooftop deck (15X24) for panoramic views of ocean sunrises and sunsets over the river. This property offers tremendous value and opportunity.

Property type
Single Family Home
Structure
Single Family, Two Story
Year built
1975
Parking
Garage - Three, RV/Boat Parking
Price/Sqft
$442
MLS #
1056985
Lot Size
2932 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: 5 | Room Types: Family Room, Living Room

Bathrooms

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

Interior

Features: Vacuum - Central, Ceiling - Fan(s)

Exterior

Features: Fence - Back Yard, Storm Shutters, 2+ Porches/Decks, Balcony, Porch - Front, Porch - Rear, Porch/Balcony | Irrigation: Sprinkler(s)

Building

Property Types: Single Family Home | Year Built: 1975 | Structure: Single Family, Two Story | Architecture: Key West | Construction: Concrete Block, Frame | Roof: Metal | Floors: Carpet, Laminate, Tile

Garage & Parking

Parking: Garage - Three, RV/Boat Parking

Lot

Lot Dimensions: 50x170 + 50X30 Dune | Lot size: 2932 sqft | Zoning: Single Family

Location

County: Volusia | Subdivision: Bethune Volusia Beach | Real Estate Area: 70 - New Smyrna Beach E of 95 | Directions: Beachside, south on A1A (South Atlantic), across from JB's Restaurant | MLS #: 1056985

Community

Condo Maintenance: #NONE | HOA Dues: $0/ #NONE

Appliances

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

Heating & Cooling

Air Conditioning: Central Air, Multiple Units | Heating: Central Heating, Electric

Utilities & Security

Sewer Service: City | Water Source: City

Owners.com Estimated Value

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Local Insights

Listing provided by: Scott Yurchison 

Listing courtesy of: Collado Real Estate |  (386) 427-0002 

Tools for buyers

Data provided by: Daytona Association of REALTORS®
Last detected update: June 30, 2019 05:36AM EST ~ Verified on November 15, 2019 03:35PM 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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