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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."
SOLD
Sold in 266 days
6460 SW Bessie St
Palm City, FL 34990
4 Beds
4 Baths
3,151 ft2
Sold for
$895,000
Owners.com Estimate:
Estimated Payment:$3,664/mo

Discover a Pilot's Dream in this Palm City Fly-In/Fly out community

This beautiful custom built CBS home has 4 bedrooms 3.5 baths with gorgeous office that could be a 5th bedroom. The home features a great screened pool area and sits on secluded 5 acres. Beautiful cabinetry, granite, fireplace and marble floors in living areas. Spacious floor plan with 12-14 foot ceilings throughout main living areas and master bedroom. All bedrooms are very spacious. Large screened patio and area under roof for additional living space. 45x40 CBS hangar/workshop with bath/shower + finished 2nd floor could be possible guest apartment. Come Fall in Love with this dream home.

Property type
Single Family Home
Year built
2001
Parking
3.00Garage - Automatic Opener, Garage - Attached
Price/Sqft
$310
MLS #
RX-10382692
Lot Size
217800 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 | Room Types: Foyer

Bathrooms

# of Full Bathrooms: 3
# of Half Bathrooms: 1

Interior

Features: Ceiling - Fan(s), Vacuum - Central, Unfurnished, Pantry, Bar - Wet Bar

Exterior

Features: Cabana, Patio - Covered, Fruit Trees, Hangar, Shower, Porch - Screened, Patio - Screened | Pool: false, Concrete, Indoor, Screened, Spa | Irrigation: Zoned Sprinkler

Building

Property Types: Single Family Home | Year Built: 2001 | Architecture: Traditional | Construction: Block, Concrete | Roof: Barrel | Floors: Laminate, Marble, Wood | Windows: Storm Shutters, Single Hung Metal, Sliding

Garage & Parking

Parking: Garage - Automatic Opener, Garage - Attached, 3.00

Lot

Lot Dimensions: 5 Acres | Lot size: 217800 sqft | Lot Features: 5 to <10 Acres, Air Strip, Private Road, West of US-1 | Zoning: A-2

Location

County: Martin | Subdivision: PALM CITY FARMS | Real Estate Area: 10 - Palm City West/Indiantown | Directions: Martin Hwy to South on Boatramp to right on Moore St to Naked Lady Ranch. After gate go left on SW 61st ST to Bessie St. | MLS #: RX-10382692

Community

Condo Maintenance: Common Areas, Security

Appliances

Appliances: Dishwasher, Disposal, Dryer, Microwave, Range - Electric, Refrigerator, Washing Machine, Water Heater - Electric

Heating & Cooling

Air Conditioning: Central Air, Electric | Heating: Central Heating, Electric, Fireplace

Utilities & Security

Sewer Service: Septic | Water Source: Well | Safety and Security: Smoke Detector, Gate - Unmanned, Security Sys-Owned

School

Elementary School: Citrus Grove Elementary | Middle School: Hidden Oaks Middle 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: Patrick A. Stracuzzi 

Listing courtesy of: RE/MAX Community |  (772) 283-9991 

Tools for buyers

Data provided by: Realtor Association of the Palm Beaches
Last detected update: January 22, 2019 06:35AM EST ~ Verified on October 21, 2019 01:18PM 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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