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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
193 days on Owners.com
9327 Cypress Cove Dr
ORLANDO, FL 32819
4 Beds
3 Baths
3,293 ft2
$644,900
Owners.com Estimate:
Estimated Payment:$2,422/mo
HOA:$700, Semi-Annually

NEW PRICE!! Ready for Offers! Remodeled South Bay home in the heart of Dr

Phillips. This gorgeous split plan home is minutes from Restaurant Row and is connected to the famous Bay Hill golf course. Lush landscaping and mature trees adorn this property. Through the front doors, this home offers an open living room with large architectural windows to make it light and bright. Interior features new paint, large base molding, and new flooring throughout the home. Lots of entertaining space with a separate dining room overlooked by a loft that is ideal for a theater or office. The gourmet kitchen was completely renovated as a gorgeous modern, open concept design. It offers new cabinets, granite countertops, new high-end stainless appliances including a microwave drawer, a double oven, and fixtures. The family room has hardwood floors, a wood-burning fireplace, vaulted ceilings, and a large, renovated bar area. All the bathrooms have been remodeled and 2 bedrooms were combined to make one very large bedroom with a craft closet. It has a spacious master bedroom with a new spa-inspired bathroom en-suite complete with his and her closets and vanities, a jetted tub, and a substantial walk-in shower. An oversized pool and grand covered patio with 3 ceiling fans add to the allure of this backyard oasis. Located across the street from the community dock on Lake Tibet and part of the Windermere Chain of Lakes. Includes walking trails, brand new professional tennis courts, and a playground as part of the community.

Property type
Single Family Home
Structure
Two Story
Year built
1981
Parking
Garage Door Opener, Oversized
Price/Sqft
$196
MLS #
O5779716
Lot Size
16955 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: 4
Virtual Tour: virtual tour | Room Types: Family Room, Utility, Loft

Bathrooms

# of Full Bathrooms: 2
# of Half Bathrooms: 1

Interior

Features: Storage, Unfurnished, Ceiling - Fan(s), Open Floor Plan, Skylight(s)

Exterior

Features: Patio - Covered, Deck, Patio - Enclosed, Patio, Porch, Porch - Screened | Pool: true, Gunite, In Ground, Outside Bath Access, Screen Enclosure | Irrigation: Irrigation System

Building

Property Types: Single Family Home, Residential | Year Built: 1981 | Structure: Two Story | Architecture: Florida | Construction: Block, Frame - Wood | Roof: Tile | Siding: Brick, Stucco | Foundation: Slab | Floors: Carpet, Tile - Ceramic, Wood | Windows: Furnished - Blinds

Garage & Parking

Parking: Garage Door Opener, Oversized | Garage: true | Attached Garage: true

Lot

Lot size: 0.39 acres | Lot size: 16955 sqft | Lot range: 1/4 Acre to 21779 Sq. Ft. | Lot Features: In County, Sidewalks, Street Paved | Zoning: P-D

Location

County: Orange | Subdivision: SOUTH BAY | Directions: From the intersection of Sand Lake Road and Apopka-Vineland Rd, continue on Sand Lake Road into South Bay. Bear Right onto South Bay Dr. Continue on South Bay Dr. to back of community and turn right on Cypress Cove. Home is on Right. | MLS #: O5779716

Community

Condo Features: Pets - Allowed | Condo Maintenance: Recreational Facilities, Security | HOA Dues: $700/ Semi-Annually

Appliances

Appliances: Oven - Built-in, Dishwasher, Disposal, Water Heater - Electric, Exhaust, Grill, Microwave, Range, Refrigerator

Heating & Cooling

Air Conditioning: Central Air | Heating: Central Heating, Electric | Fireplaces: true, Wood

Utilities & Security

Utilities: Cable - Interior Connections, Electricity, Street Lights, Underground Utilities

School

Elementary School: Bay Meadows Elem | Middle School: Southwest Middle | High School: Dr. Phillips High

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: Matt Allen 

Listing courtesy of: REALTY INTERNATIONAL LLC |  (407) 207-4000 

Tools for buyers

Data provided by: My Florida Regional MLS DBA Stellar MLS
Last detected update: October 20, 2019 04:42AM EST ~ Verified on November 08, 2019 04:52AM 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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