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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."

Listing provided by: Adele Pick 

Listing courtesy of: Coldwell Banker Residential RE 

ACTIVE
196 days on Owners.com
3360 Bridle Path Ln
Weston, FL 33331
6 Beds
8 Baths
6,696 ft2
$2,195,000
Owners.com Estimate:
Estimated Payment:$8,242/mo
HOA:$867, Quarterly

NEW PRICE! MOST SPECTACULAR LUXURY WOW ENTERTAINMENT HOME! Breathtaking 1

38 acre point LAKEFRONT lot, stunning contemporary-style custom estate of almost 6000sf w/soaring 30ft double-coffered ceilings & dramatic floor-to-ceiling WALLS OF GLASS that overlook WRAP-AROUND WATER views & oversized POOL/raised SPA! BRAND NEW ROOF 2019! Expansive OPEN FLOOR PLAN, exquisite chandeliers, 24" saturnia marble flrs, double-sided marble fireplace, mahogany/onyx sunken wet bar & dining buffet station. Chefs kitchen w/ top-of-line appliances, renovated 2017. Downstairs, 2/2 guest suites plus Master w/Sitting Rm/Gym, His/Her Marble Bath, 3 huge walk-in closets. Upstairs, 3/3 KIDS WING w/ 2ND FAMILY RM & magnificent glass enclosed LIBRARY. Sep Full Cabana Bath, 2019 New Drive/Paint/Landscape & much more!

Property type
Single Family Home
Structure
Two Story
Year built
1994
Parking
Driveway - Circular, Golf Cart, Pavers, Garage - Attached
Price/Sqft
$328
MLS #
F10173556
Lot Size
60289 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: 6
Virtual Tour: virtual tour | Room Types: Den/Library/Office, Family Room, Loft, Storage Room, Utility Room/Laundry

Bathrooms

# of Full Bathrooms: 8
# of Half Bathrooms: 0

Interior

Features: Ceiling - Fan(s), Closet Cabinetry, Cooking Island, Bar - Wet Bar, Sauna, Vacuum - Central

Exterior

Features: Lighting, Fence, Patio, Screened Balcony | Pool: true, Auto Pool Clean, In Ground, Equipment Stays | Irrigation: Auto Sprinkler

Building

Property Types: Single Family Home | Year Built: 1994 | Structure: Two Story | Architecture: WF/Pool/No Ocean Access | Construction: Cbs Construction | Roof: Flat Tile Roof | Floors: Marble, Wood | Windows: #OTHER, Picture, Plantation Shutters

Garage & Parking

Parking: Driveway - Circular, Golf Cart, Pavers, Garage - Attached

Lot

Lot Dimensions: 1.384 | Lot size: 60289 sqft | Lot range: 1 To Less Than 2 Acre Lot | Lot Features: Corner Lot

Location

County: Broward County | Subdivision: WINDMILL RANCH ESTATES | Real Estate Area: 3890 | Directions: Royal Palm Blvd to Windmill Ranch Road, after gate follow straight to Bridle Path Lane. See lovely park on corner and make a left. House on right side point lot. Prestigious culdesac road, flanked by water on all sides! | MLS #: F10173556

Community

Condo Maintenance: Maintenance Incl Common Area, Maintenance Incl Security | HOA Dues: $867/ Quarterly

Appliances

Appliances: Dishwasher, Disposal, Dryer, Range - Electric, Water Heater - Electric, Ice Maker, Microwave, Refrigerator, Oven - Self-cleaning, Wall Oven, Washing Machine

Heating & Cooling

Air Conditioning: Central Air, Electric Cooling | Heating: Central Heating, Electric, Fireplace

Utilities & Security

Sewer Service: Municipal Sewer | Water Source: Municipal Water

School

Elementary School: Country Isles | Middle School: Falcon Cove | High School: Cypress Bay

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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Data provided by: Realtors® of the Palm Beaches and Greater Fort Lauderdale
Last detected update: October 26, 2019 09:00PM EST ~ Verified on November 09, 2019 07:04PM 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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