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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."
SOLD
Sold in 116 days
258 Sussex M # 258
West Palm Beach, FL 33417
1 Bed
1 Bath
615 ft2
Sold for
$50,000
Owners.com Estimate:
Estimated Payment:$210/mo

BEAUTIFUL ONE BEDROOM, NEW CABINETS, CERAMIC TILE THOUGHOUT, NEW APPLIANCES AND AIRCONDITIONERS MAKE THIS ONE OF THE NICEST IN A GREAT BLDG

WITH LIFT AND SECOND FLOOR LAUNDRY FOR YOUR CONVENIENCE. WALKING DISTANCE TO POOL IN GATED COMMUNITY WITH EVERY AMMENITY. CLOSE TO BEACHES, CITYPLACE AND DOWNTOWN, THIS APARTMENT HAS IT ALL!

Property type
Condominium
Structure
Unit - Garden Apartment, Less Than Four Floors
Year built
1973
Price/Sqft
$91
MLS #
RX-2501641
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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: 1

Bathrooms

# of Full Bathrooms: 1

Interior

Features: Unfurnished

Exterior

Pool: false

Building

Property Types: Condominium | Year Built: 1973 | Structure: Unit - Garden Apartment, Less Than Four Floors | Floors: Tile - Ceramic

Lot

Zoning: RES

Location

County: Palm Beach | Subdivision: CENTURY VILLAGE | Real Estate Area: 5400 | Directions: OKEECHOBEE BLVD TO MERIDAIN | MLS #: RX-2501641

Community

Condo Maintenance: Cable, Common Areas, Insurance-Bldg, Landscaping, Maintenance-Exterior, Parking, Pest Control, Pool Service, Security

Appliances

Appliances: Microwave, Range - Electric, Refrigerator

Heating & Cooling

Air Conditioning: Wall-Win A/C | Heating: Wall or Window Heater

Utilities & Security

Utilities: Electricity | Water Source: Public Supply

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

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Property History & Valuation

Local Insights

Listing provided by: Susan F Wolfman 

Listing courtesy of: Re/Max Direct |  (561) 784-3000 

Tools for buyers

Data provided by: Realtor Association of the Palm Beaches
Last detected update: July 10, 2019 03:32PM EST ~ Verified on October 17, 2019 05:56AM 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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