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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
203 days on Owners.com
1001 Trailside Run NE
Port Saint Lucie, FL 34983
2 Beds
3 Baths
1,384 ft2
$236,326
Owners.com Estimate:
Estimated Payment:$887/mo

Superior high preformace solar ready townhouses offering amenities such as energy efficient impact windows, spray form insulation, Energy Star certified, Indoor airPlus Package, Granite counter tops, Energy Star appliances, 50 gallon Hybrid water heater, water conserving plumbing fixtures

This new construction home is a must see that offers the latest in advanced technology, the ultimate in safety, protection, comfort & healthy sustainable living environment. We invite you to see our custom townhouses that not only reduces energy costs, but is located in a natural ''Old Florida'' setting. Our townhouses are built with ecofriendly materials that are free of harmful synthetic chemicals, provides a healthy living environment. Live better and for less!!! Come to the builders model today!

Property type
Townhome
Structure
Multiple Level, Less Than Four Floors
Year built
2019
Parking
1.00Garage - Automatic Opener, Driveway, Garage - Attached
Price/Sqft
$171
MLS #
RX-10526385
Lot Size
1742 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: 2 | Room Types: Foyer, Attic, Loft

Bathrooms

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

Interior

Features: Pantry, Unfurnished

Exterior

Features: Porch | Pool: false | Irrigation: Zoned Sprinkler

Building

Property Types: Townhome | Year Built: 2019 | Structure: Multiple Level, Less Than Four Floors | Architecture: Townhouse | Construction: CBS | Roof: Shingle - Composition | Floors: Carpet, Tile - Ceramic | Windows: Impact Resistant, Thermal

Garage & Parking

Parking: Garage - Automatic Opener, Driveway, Garage - Attached, 1.00

Lot

Lot size: 1742 sqft Lot Features: < 1/4 Acre | Zoning: PUD-PS

Location

County: St. Lucie | Subdivision: RIVER PLACE ON THE ST LUCIE NO. 8 | Real Estate Area: 7140 | Directions: Airoso to St James Drive, go north to River Place/Lazy River Parkway, go east to Ecovillage | MLS #: RX-10526385

Community

Condo Maintenance: Cable, Common Areas, Insurance-Bldg, Landscaping, Maintenance-Exterior, Management, Manager, Pest Control, Recreational Facilities, Roof Maintenance

Appliances

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

Heating & Cooling

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

Utilities & Security

Utilities: Electricity | Sewer Service: Public Sewer | Water Source: Public Supply | Safety and Security: Smoke Detector

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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Local Insights

Listing provided by: Gregory H Dalessio 

Listing courtesy of: Greenergy Realty Treasure Coast, LLC |  (772) 248-4782 

Tools for buyers

Data provided by: Realtor Association of the Palm Beaches
Last detected update: October 21, 2019 01:06AM EST ~ Verified on November 10, 2019 03:20AM 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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