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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
305 Ponce De Leon Ave
VENICE, FL 34285
-- Beds
-- Baths
-- ft2
$409,900
Owners.com Estimate:
Estimated Payment:$1,539/mo

Pre-Construction - To be built

Rare opportunity to build the home of your dreams on one of four amazing lots located in Sienna Village on the Island. This coveted location is in the heart of Venice where you can walk, stroll or ride your bike to Main street for dinner or shopping. Visit the newly built public library, admire the new artists exhibit at the Venice Art Center or check out the events at the Community Center, all within close proximity. Several floor plans to choose from with our preferred builders. Price is for lot only. Venice has something to offer everyone with its world-class beaches, community parks, tennis courts, basketball courts, shuffleboard, Venice Theatre, bike-friendly community and much more. Dont miss out on this opportunity to experience Island life at its finest.

Property type
Residential
MLS #
N6105481
Lot Size
7311 sqft
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My Home Features

Bathrooms

# of Full Bathrooms: 0.0

Building

Property Types: Residential, Lot / Land

Lot

Lot Dimensions: 70'x115' | Lot size: 0.17 acres | Lot size: 7311 sqft | Lot range: Up to 10,889 Sq. Ft. | Zoning: RSF3

Location

County: Sarasota | Subdivision: VENEZIA PARK SEC OF VENICE | Directions: 41 on Venice Island. right onto W. Venice Avenue, Left onto Nassau to Ponce de Leon | MLS #: N6105481

Utilities & Security

Utilities: Public

School

Elementary School: Venice Elementary | Middle School: Venice Area Middle | High School: Venice Senior 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
Source: County(Public) Records

School Information

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Local Insights

Listing provided by: Victoria Stultz 

Listing courtesy of: PREMIER SOTHEBYS INTL REALTY |  (941) 412-3323 

Tools for buyers

Data provided by: My Florida Regional MLS DBA Stellar MLS
Last detected update: October 25, 2019 11:12AM 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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