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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
6 Bullard Rd
Santa Rosa Beach, FL 32459
-- Beds
-- Baths
-- ft2
$535,000
Owners.com Estimate:
Estimated Payment:$2,009/mo

RELAXING GULF VIEWS abound from this generous residential lot located South of 30-A in the Beach Highlands area of Dune Allen

A two story or three story residence would each offer wonderful views of the Gulf and the location is superb. Just a short walk to the Bullard Road beach access or Stallworth access or soon to be completed Hilltop access across from Stinky's Fish Camp. Whether you are looking to build the perfect primary, second or investment property this is an ideally situated lot in a highly desirable area. Looking to build a spec home? The price of this lot could offer a perfect situation as well. Invest in the flourishing west end of Scenic Hwy 30-A in Santa Rosa Beach, Florida!

Property type
Lot / Land
MLS #
683167
Lot Size
9583 sqft
Community
None
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My Home Features

Bathrooms

# of Full Bathrooms: 0.0

Building

Property Types: Lot / Land

Lot

Lot Dimensions: 75x125 | Lot size: 0.22 acres | Lot size: 9583 sqft | Lot Features: Near Beach Access, Within 1/2 Mile to Water

Location

County: Walton | Subdivision: Beach Highland | Real Estate Area: 12 - Walton County | Directions: From the west entrance to 30-A from Highway 98 head east. Just after you pass Butler Elementary and Stallworth Lake take a right on to South Bishop and then a left on to Bullard Road. Lot is on the left near the top of the hill. | MLS #: 683167

Utilities & Security

Water Source: Public Supply

School

Elementary School: Van R Butler | Middle School: Emerald Coast | High School: South Walton

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: Lauren G Cottrell 

Listing courtesy of: ResortQuest Real Estate |  (850) 234-9645 

Tools for buyers

Data provided by: Central Panhandle Association of REALTORS®
Last detected update: August 13, 2019 10:47AM 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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