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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
2602 Mohawk Cir
West Palm Beach, FL 33409
3 Beds
2 Baths
2,296 ft2
$410,000
Owners.com Estimate:
Estimated Payment:$1,540/mo
HOA:$520

Discover this unique urban hamlet, Villas of Bear Lakes Estates, in the heart of West Palm Beach

This classic Burg & DiVosta resort home features $150,000+ renovations (see attached Upgrades & HOA Services Lists) with 3B +loft/2Bth/2CG/Garden Room Addition with updates throughout- kitchen,bathrooms, laundry room, hallway cabinetry,flooring, garden room and a ''Secret Garden'' that you will treasure. Villas of Bear Lakes Estates is located in the heart of West Palm Beach and adjoins the Bear Lakes County Club with fabulous new Bear Lakes Clubhouse www.BearLakes.org, minutes from the $150 million West Palm Beach ''FITTEAM Ball Park of the Palm Beaches''-160 acre development spring-training home of the 2017 World Series Champion Houston Astros and NL East Champion Washington Nationals nearby

Property type
Single Family Home
Year built
1987
Parking
Driveway, Garage - Attached
Price/Sqft
$179
MLS #
RX-10527251
Lot Size
7234, 2812 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: 3
Virtual Tour: virtual tour | Room Types: Attic, Family Room, Great Room, Loft

Bathrooms

# of Full Bathrooms: 2
# of Half Bathrooms: 0

Interior

Features: Intercom, Built-in Shelves, Ctdrl/Vault Ceilings, Foyer, Laundry Tub, Split Bedroom, Walk In Closets, Unfurnished

Exterior

Features: Patio, Shutters | Pool: false | Irrigation: Auto Sprinkler

Building

Property Types: Single Family Home | Year Built: 1987 | Architecture: Mediterranean, Villa | Construction: CBS | 1 floor, 1 floor building | Roof: Barrel | Floors: Carpet, Tile | Windows: Partial, Furnished - Blinds, Furnished - Curtains / Drapes, Electric Shutters, Impact Glass

Garage & Parking

Parking: Driveway, Garage - Attached

Lot

Lot size: 7234, 2812 sqft | Lot range: < 1/4 Acre | Zoning: RPD(ci

Location

County: Palm Beach | Subdivision: VILLAS OF BEAR LAKES ESTATES | Real Estate Area: 5410 | Directions: Main entrance on Saratoga RD just south of Cumberland Drive. | MLS #: RX-10527251

Community

Condo Maintenance: Cable, Common Areas, Common R.E. Tax, Reserve, Roof, Security, Sewage, Trash - Removal, Water | HOA Dues: $520

Appliances

Appliances: Garage Door Opener, Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Range - Electric, Refrigerator, Washing Machine, Water Heater - Electric

Heating & Cooling

Air Conditioning: Ceiling Fan, Central Air, Electric Air Filter | Heating: Central Heating, Electric

Utilities & Security

Utilities: Cable, Electricity | Sewer Service: Sewer | Water Source: Public Supply | Safety and Security: Smoke Detector, Gate - Manned, Security Sys-Owned, TV Camera

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: Barry L Salandro 

Listing courtesy of: Village Realty Group |  (561) 616-9240 

Greater Fort Lauderdale REALTORS®

Tools for buyers

Data provided by: Greater Fort Lauderdale REALTORS®
Last detected update: October 22, 2019 12:05AM 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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