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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
2380 F F Morgan Cv
OVIEDO, FL 32765
4 Beds
2 Baths
2,274 ft2
$779,000
Owners.com Estimate:
Estimated Payment:$2,925/mo

WELCOME to your own piece of paradise on 5

9 acres! ZONED A-1/AGRICULTURAL USE. Nestled in pure peacefulness sits this 4 Bed 2 Bath pool home in the heart of Oviedo. Quiet country living at its best with all the city conveniences. Privacy, and real outdoor living is what you will find when you come through the privately gated home. This floor plan is functional and comfortable while boasting upgrades throughout, including beautiful travertine floors and marble flooring in the master suite. ALL NEW WINDOWS, NEW PAINT INSIDE AND OUTSIDE, NEW FRONT DOUBLE DOORS, RE-PLUMBED, SECURITY SYSTEM WITH CAMERAS, NEW GUTTERS, and BRICK WALL FOR PRIVACY. Kitchen IS FULLY REMODELED with granite counter tops, new cabinets, new stainless-steel appliances. Spacious Master bedroom offers French doors to the pool area, along with updated master bath. 2 car garage, 4 spot car port, and HUGE CIRCULAR DRIVE can accommodate large gatherings. Park-like setting with trails in the wooded area for running, biking, 4-wheeling and more. Beautiful Italian inspired rose garden with marble water fountain, pond with waterfall, bamboo, and benches. Fenced tennis court & Basketball with outdoor kitchen, new patio addition, grill and mini refrigerator. A RATE SCHOOLS, close to shopping, restaurants, UCF, Lockheed Martin, Siemens, Oviedo in the Park, and major freeways. See it today!

Property type
Single Family Home
Structure
Single Story
Year built
1972
Parking
Driveway - Circular, Driveway, Guest Parking, #OTHER, Oversized
Price/Sqft
$343
MLS #
O5779494
Lot Size
257004 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, Living Room, Laundry

Bathrooms

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

Interior

Features: Unfurnished, Crown Moldings, Open Floor Plan, Sauna, Counter(s) - Stone, Security System

Exterior

Features: Outdoor Grill, Outdoor Kitchen, Shower, Rain Gutters, Sauna / Steam, Tennis Court(s), Storage, Patio | Pool: true, Child Gate Fence, Gunite, In Ground

Building

Property Types: Single Family Home, Residential | Year Built: 1972 | Structure: Single Story | Architecture: Ranch | Construction: Block | Roof: Shingle or Shake | Siding: Stucco | Foundation: Slab | Floors: Tile - Ceramic, Marble, Travertine

Garage & Parking

Parking: Driveway - Circular, Driveway, Guest Parking, #OTHER, Oversized | Garage: true | Attached Garage: true

Lot

Lot size: 5.90 acres | Lot size: 257004 sqft | Lot range: 5 to less than 10 | Lot Features: Oversized Lot, Street Dead-End, Street One Way, Street Unpaved, Zoned for Horses | Zoning: A-1

Location

County: Seminole | Subdivision: NONE | Directions: Alafaya heading South, right on Lake, right on FF Morgan Cove to Gate | MLS #: O5779494

Community

Condo Features: Pets - Allowed

Appliances

Appliances: Cooktop, Dishwasher, Disposal, Microwave, Range, Refrigerator

Heating & Cooling

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

Utilities & Security

Utilities: Cable - Available / In Street, Electricity | Safety and Security: Gated Entry

School

Elementary School: Evans Elementary | Middle School: Jackson Heights Middle | High School: Hagerty 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

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Local Insights

Listing provided by: Fran Zvaigzne 

Listing courtesy of: WATSON REALTY CORP |  (407) 359-2300 

Tools for buyers

Data provided by: My Florida Regional MLS DBA Stellar MLS
Last detected update: October 28, 2019 06:58AM EST ~ Verified on November 15, 2019 05:42AM 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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