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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
202 days on Owners.com
401 W Crystal Dr
SANFORD, FL 32773
5 Beds
4 Baths
3,027 ft2
$669,000
Owners.com Estimate:
Estimated Payment:$2,512/mo

What a gem, This home equipped with many features that normally only reside in a sweet dream

This exquisite home is nothing short of a masterpiece. Nestled on premium lot w/frontage on skiable Pine Lake chain of lakes, this home features 5 bedrooms, 4 full baths and bonus room. Enter through the two-story grand entrance lanai/patio to experience the custom luxurious appointments throughout the home, such as beautiful stamped concrete (acid stain) and travertine flooring, travertine kitchen sink, gourmet kitchen with island, breakfast bar, granite counter tops, custom bathroom sinks, crown molding, 8' doors, trey ceiling, wired for surround sound and much, much more! There are 3 bedrooms and 2 full baths in the main house and 2 bedrooms, 2 full baths and bonus room in the in-law suite, one bedroom is now being used as a theater room. All equipment and window treatments are negotiable. Enjoy the in-ground saltwater pool featuring a pub table and umbrella. Most importantly there is No HOA! Build your own dock. This is a must see but and definitely expect to be Impressed! Furniture is negotiable as well. Take a look at this glorious well kept entertainment house ready to move in.

Property type
Single Family Home
Structure
Two Story
Year built
2007
Price/Sqft
$221
MLS #
S5016876
Lot Size
23744 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
Virtual Tour: virtual tour

Bathrooms

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

Interior

Features: Ceiling - Fan(s)

Exterior

Pool: true, In Ground, #OTHER, Saltwater | Irrigation: Irrigation System

Building

Property Types: Single Family Home, Residential | Year Built: 2007 | Structure: Two Story | Construction: Block | Roof: Shingle or Shake | Siding: Stucco | Foundation: Slab | Floors: Carpet, Tile - Ceramic, #OTHER

Garage & Parking

Garage: true | Attached Garage: false

Lot

Lot size: 0.55 acres | Lot size: 23744 sqft | Lot range: 1/2 Acre to 1 Acre | Zoning: R-1AA

Location

County: Seminole | Subdivision: LOCH ARBOR PINE LAKE SEC | Directions: SR 46A to right on N. Country Club to left on Lake Drive to right on W Crystal. Follow W Crystal to house on left. | MLS #: S5016876

Appliances

Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washing Machine

Heating & Cooling

Air Conditioning: Central Air | Heating: Electric | Fireplaces: false

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: Antonios Kappos 

Listing courtesy of: REMAX PIONEER |  (407) 518-7653 

Tools for buyers

Data provided by: My Florida Regional MLS DBA Stellar MLS
Last detected update: September 16, 2019 05:43AM 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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