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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
197 days on Owners.com
5885 Ferrara Dr
SARASOTA, FL 34238
3 Beds
3 Baths
2,008 ft2
$372,000
Owners.com Estimate:
Estimated Payment:$1,397/mo
HOA:$990, Quarterly

BACK ON MARKET AFTER BUYERS' FINANCING FELL THROUGH

BEST VALUE WITH MAJOR PRICE REDUCTION on this Popular DiVosta built Oakmont model in highly sought after Villagewalk, a Florida Lifestyle Community. BRAND NEW A/C just installed in April of 2019 - Warranty will transfer to new owner. This beautifully renovated 3 Bedroom/3 Bath home includes a Den, Great Room, Laundry Room, Open Floor Plan, High Ceilings, and fine finishes! The home sits on a corner lot with a private garden setting. DiVosta homes carry a solid reputation, known for steel reinforced poured concrete construction and fine details. Villagewalk amenities include secure 24 hour guarded community gate, resort style pool, 6 har-tru tennis courts, fitness center, clubhouse, caf, library, beauty salon, gas station, gift shop, post office, social events, and biking/walking trails throughout this all inclusive neighborhood. Close to award winning beaches on Siesta Key, shopping, dining, and more. SELLER WILL CONSIDER A LEASE W/ OPTION TO BUY.

Property type
Single Family Home
Structure
Single Story
Year built
2002
Parking
Driveway
Price/Sqft
$185
MLS #
A4435032
Lot Size
8568 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
Virtual Tour: virtual tour | Room Types: Den, Utility, Laundry

Bathrooms

# of Full Bathrooms: 3
# of Half Bathrooms: 0

Interior

Features: Built-in(s), Ceiling - Fan(s), Open Floor Plan, Counter(s) - Stone

Exterior

Features: Hurricane Shutters, Lighting, Rain Gutters, Sidewalks, Patio - Covered, Porch - Screened | Pool: false | Irrigation: Irrigation System, Sprinkler Metered

Building

Property Types: Single Family Home, Residential | Year Built: 2002 | Structure: Single Story | Architecture: Custom | Construction: Block | Roof: Tile | Siding: Stucco | Foundation: Slab | Floors: Tile | Windows: Window Treatments

Garage & Parking

Parking: Driveway | Garage: true | Attached Garage: true

Lot

Lot size: 0.20 acres | Lot size: 8568 sqft | Lot range: Up to 10,889 Sq. Ft. | Lot Features: Corner Lot | Zoning: PUD

Location

County: Sarasota | Subdivision: VILLAGEWALK | Directions: From Clark Rd, South on Honore Ave. Left into Villagewalk. Right onto Camminare Dr. Left onto Camminare Dr. Right onto Ferrara. | MLS #: A4435032

Community

Condo Features: Pets - Allowed | Condo Maintenance: Cable, Community Pool, Escrow Reserves Fund, Groundskeeping, Management, Private Road, Recreational Facilities, Security | HOA Dues: $990/ Quarterly

Appliances

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

Heating & Cooling

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

Utilities & Security

Utilities: Sprinkler Recycled, Street Lights, Underground Utilities | Safety and Security: Gated Community, Gated Entry

School

Elementary School: Ashton Elementary | Middle School: Sarasota Middle | High School: Riverview 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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Price History

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Price
Source: County(Public) Records

School Information

Property History & Valuation

Local Insights

Listing provided by: MaryElizabet Mock 

Listing courtesy of: COLDWELL BANKER RES R E |  (941) 366-8070 

Tools for buyers

Data provided by: My Florida Regional MLS DBA Stellar MLS
Last detected update: October 21, 2019 07:57AM 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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