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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 84 days
1735 Peachtree St NE Unit 214
Atlanta, GA 30309
3 Beds
3 Baths
1,890 ft2iSource: Public Record
Sold for
$320,000
Owners.com Estimate:
Estimated Payment:$1,273/mo
HOA:$654, Monthly

Great Buckhead location in perfect condition! Wonderful floor plan w/big mast BR on one side and 2 guest rooms on opposite side

Mast bath is huge with deep jetted tub, large shower, dbl vanities and priv water closet. Gourmet kitchen has dark stained cabinets and center island w/granite. Double sided fireplace looks into dining room. All flooring has been removed and seller is waiting for your choice (allowance offered). Building has all the amenities, pool, fitness, guest ste,theatre, 25 hr concierge. Walk to restaurants and shopping.

Property type
Condominium
Structure
Single Story
Year built
2000iSource: Not Available
Parking
0, 2Assigned, Drive Under Main Level, Underground Parking
Price/Sqft
$179
MLS #
5524932
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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: 3
Virtual Tour: virtual tour | Room Types: Living Room | Basement: #NONE

Bathrooms

# of Full Bathrooms: 2
# of Half Bathrooms: 1

Interior

Features: High Speed Internet

Exterior

Features: Balcony, No Fence, #NONE | Pool: #NONE

Building

Property Types: Condominium, Residential | Year Built: 2000 | Structure: Single Story | Architecture: Mid Rise, Traditional | Condition: Resale | Roof: #OTHER

Garage & Parking

Parking: Assigned, Drive Under Main Level, Underground Parking, 0, 2

Lot

Lot Features: Landscaped

Location

County: Fulton | Subdivision: Brookwood Place | Real Estate Area: 21 - Atlanta North | Directions: South on Peachtree Rd, past Collier Rd, go to 25th Street, turn left. Development behind shopping ctr, park in covered parking deck at end of street on RT before gate. Concierge: dial 044 at door. | MLS #: 5524932

Community

Condo Maintenance: Door person | HOA Dues: $654/ Monthly

Appliances

Appliances: Dishwasher, Disposal, Range - Electric, Water Heater - Electric, Microwave, Refrigerator, Oven - Self-cleaning

Heating & Cooling

Air Conditioning: Central Air, Heat Pump | Heating: Central Heating, Electric, Heat Pump | Fireplaces: 1, Double Sided, Gas Logs, Gas Starter, Glass Doors

Utilities & Security

Utilities: Cable - Available / In Street | Safety and Security: Fire Alarm, Gated Entry, Smoke Detector

Accessibility

Accessibility: Accessible Elevator Installed, Accessible Entrance, Accessible Hallway(s)

School

Elementary School: Rivers | Middle School: Sutton | High School: North Atlanta

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

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Local Insights

Listing provided by: NAN HAVERTY 

Listing courtesy of: BEACHAM AND COMPANY REALTORS |  (404) 261-6300 

Tools for buyers

Data provided by: First Multiple Listing Service
Last detected update: July 10, 2019 12:15AM EST ~ Verified on October 16, 2019 03:26AM 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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