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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
14161 Caloosa Blvd
West Palm Beach, FL 33418
5 Beds
5 Baths
4,528 ft2
$1,750,000
Owners.com Estimate:
Estimated Payment:$6,571/mo
HOA:$200

All Sizes Approx

That Beautiful House On Caloosa Blvd Is Finally For Sale!! This Ten Acre Equestrian Estate Has Been The Envy Of Many For Years! Ten Gorgeous Acres With The Perfect Amount Of Trees! CBS Center Isle Six Stall Barn With Custom Louddon Stall Doors, Turn Out, Feed And Tack, Lounge With Bath Could Be Grooms Quarters. Wash Racks, Property Is Fenced And Crossed Fenced, Gorgeous Pastures, Dressage Area And Round Pen! This Extraordinary Property Is Truly One Of A Kind! Large Hallmark Kitchen With Built In Appliances, Island, Granite, Under Counter Lighting ,Sunny Breakfast Room Plus A Breakfast Bar!! Large Family Room With Floor To Ceiling Stone Fireplace.

Property type
Single Family Home
Year built
1998
Parking
Garage - Attached
Price/Sqft
$386
MLS #
RX-10527348
Lot Size
5980 sqft
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SAVE PREFERENCES

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 | Room Types: Attic, Cabana Bath, Den, Family Room, Storage

Bathrooms

# of Full Bathrooms: 3
# of Half Bathrooms: 2

Interior

Features: Bar, Ctdrl/Vault Ceilings, Foyer, Laundry Tub, Pantry, Attic - Stairs - Pull Down, Split Bedroom, Volume Ceiling, Walk In Closets, Unfurnished

Exterior

Features: Patio - Covered, Lighting, Extra Building, Fence, Shower, Patio, Shed, Shutters, Utility Barn | Pool: false, Equipment Included, In Ground, Screened Pool

Building

Property Types: Single Family Home | Year Built: 1998 | Architecture: Traditional | Construction: Block, CBS, Concrete1 floor building | Roof: Tile - Concrete | Floors: Tile | Windows: Storm Shutters

Garage & Parking

Parking: Garage - Attached

Lot

Lot size: 5980 sqft | Lot range: 10 to <25 Acres, 5 to <10 Acres | Zoning: AR

Location

County: Palm Beach | Subdivision: CALOOSA | Real Estate Area: 5550 | Directions: PGA BLVD. WEST TO THE BEELINE HWY NORTH TO EAST CALOOSA BLVD, (FLASHING LIGHT) HOME IS ON THE LEFT. | MLS #: RX-10527348

Community

Condo Maintenance: Common Areas, Common R.E. Tax, Manager, Security | HOA Dues: $200

Appliances

Appliances: Garage Door Opener, Dishwasher, Dryer, Microwave, Range - Electric, Refrigerator, Oven, Water Heater - Electric, Water Softener-Owned

Heating & Cooling

Air Conditioning: Central Air, Electric Air Filter, Zoned | Heating: Fireplace, Central Heating, Electric, Zoned

Utilities & Security

Sewer Service: Septic | Water Source: Well | Safety and Security: Fenced Yard, Security Patrol

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

Property History & Valuation

Local Insights

Listing provided by: Cynthia E Stage 

Listing courtesy of: RE/MAX Ocean Properties |  (561) 839-1770 

Greater Fort Lauderdale REALTORS®

Tools for buyers

Data provided by: Greater Fort Lauderdale REALTORS®
Last detected update: October 21, 2019 11:49AM EST ~ Verified on November 04, 2019 09:09PM 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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