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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
2531 Fireflag Lane
SARASOTA, FL 34232
3 Beds
3 Baths
2,401 ft2
$397,511
Owners.com Estimate:
Estimated Payment:$1,493/mo
HOA:$350, Quarterly

Under Construction

David Weekley's innovative craftmanship and captivating spaces work together to create The Gemstone plan. Design the perfect family movie theater or fun and games zone in the lively upstairs bonus room. A bright open study with french doors provides a dedicated place for an organized home office. Prepare holiday feasts and everyday delicacies in the large gourmet kitchen. The upstairs bedrooms provide amazing spaces for personalization and growth. Begin and end each day in your gorgeous master bedroom, which includes a walk in closet, deluxe bathroom complete with double vanities and your oversized "Super Shower". Bonus features include a downstairs powder room, expanded storage in the 3 car garage, covered front patio and rear lanai. You'll love Living Weekley in this 2 story, 3 bedroom, 2.5 bath new home.

Property type
Single Family Home
Structure
Two Story
Year built
2019
Parking
Garage Door Opener
Price/Sqft
$166
MLS #
T3172147
Lot Size
5640 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: 3 | Room Types: Bonus, Great Room, Utility

Bathrooms

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

Interior

Features: Unfurnished, In Wall Pest System, Open Floor Plan, Counter(s) - Solid

Exterior

Features: Hurricane Shutters, Sidewalks, Patio - Covered, Patio | Pool: false | Irrigation: Irrigation System

Building

Property Types: Single Family Home, Residential | Year Built: 2019 | Structure: Two Story | Architecture: Traditional | Construction: Block | Condition: Under Construction | Roof: Shingle or Shake | Siding: Stucco | Foundation: Slab | Floors: Carpet, Tile - Ceramic | Windows: Thermopane

Garage & Parking

Parking: Garage Door Opener | Garage: true | Attached Garage: true

Lot

Lot Dimensions: 47x120 | Lot size: 0.13 acres | Lot size: 5640 sqft | Lot range: Up to 10,889 Sq. Ft. | Lot Features: Greenbelt

Location

County: Sarasota | Subdivision: FOX TRACE | Directions: From I 75 S exit Fruitville Road West. Turn right on N. Honore Avenue and then right on 17th Street. The community will be on the right hand side. | MLS #: T3172147

Community

Condo Features: Pets - Allowed - Breed Restrictions, Pets - Allowed - Number Limit, Pets - Allowed | Condo Maintenance: Maintenance, Escrow Reserves Fund, Insurance, Groundskeeping, Repairs, Private Road | HOA Dues: $350/ Quarterly

Appliances

Appliances: Oven - Built-in, Cooktop, Dishwasher, Disposal, Water Heater - Electric, Exhaust, Microwave, Range Hood

Heating & Cooling

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

Utilities & Security

Utilities: BB/HS Internet Available, Cable - Available / In Street, Electricity, Public | Safety and Security: Smoke Detector

School

Elementary School: Gocio Elementary | Middle School: Booker Middle | High School: Booker 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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Property Tax

Price History

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Price
Source: County(Public) Records

School Information

Property History & Valuation

Local Insights

Listing provided by: Leonard Jaffe 

Listing courtesy of: WEEKLEY HOMES REALTY COMPANY |  (866) 493-3553 

Tools for buyers

Data provided by: My Florida Regional MLS DBA Stellar MLS
Last detected update: October 15, 2019 06:05AM 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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