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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 49 days
423 Collier Rd NW
Atlanta, GA 30309
4 Beds
4 Baths
1,726 ft2iSource: Public Record
Sold for
$654,000
Owners.com Estimate:
Estimated Payment:$2,625/mo
HOA:$0, Annually

Well-maintained house on great lot less than

5 miles to Atlanta Beltline entrance and Bobby Jones Golf Course as well as restaurants, bars, and Piedmont Hospital. Second floor has master/master bath, two add'l bedrooms and one add'l bathroom. Main level has kitchen, two living/family/great rooms, screened porch, office/fourth bedroom with shower, and an additional separate 1/2 bath. Backyard consists of a large flat grass yard, fire pit, parking for three cars, plus a detached two-car garage with add'l storage area inside. House available immediately for move-in.

Property type
Single Family Home
Structure
Two Story
Year built
1938iSource: Not Available
Parking
2Detached Parking, Garage, Garage Door Opener, Driveway
Price/Sqft
$405
MLS #
5982864
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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: 4
Virtual Tour: virtual tour | Room Types: Family Room, Great Room - 1 Story | Basement: Partial

Bathrooms

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

Exterior

Features: No Fence, Patio/Porch - Covered, Patio/Porch - Enclosed, Patio/Porch - Screened | Pool: #NONE

Building

Property Types: Single Family Home, Residential | Year Built: 1938 | Structure: Two Story | Architecture: Victorian, #OTHER | Construction: Brick 4 Sides | Condition: Resale | Roof: Shingle or Shake | Floors: Wood - Hard

Garage & Parking

Parking: Detached Parking, Garage, Garage Door Opener, Driveway, 2

Lot

Lot Dimensions: .3214+/- | Lot size: 0.3214 acres | Lot Features: Landscaped, Level, Private

Location

County: Fulton | Subdivision: Collier Hills | Real Estate Area: 21 - Atlanta North | Directions: From Peachtree, turn on Collier Rd and house is 1/2 mile on the right.From I-75, take Northside Drive exit (not Northside/West Paces) and go north to Collier Road and turn right. House will be on your left | MLS #: 5982864

Community

HOA Dues: $0/ Annually

Appliances

Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Oven - Self-cleaning

Heating & Cooling

Air Conditioning: Central Air | Heating: Forced Air | Fireplaces: 1

Utilities & Security

Utilities: #NONE | Sewer Service: Public Sewer | Water Source: Public Supply | Safety and Security: #NONE

Accessibility

Accessibility: #NONE

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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Price
Source: County(Public) Records

School Information

Property History & Valuation

Local Insights

Listing provided by: Morgan Akers 

Listing courtesy of: Atlanta Fine Homes Sothebys International |  (404) 237-5000 

Tools for buyers

Data provided by: First Multiple Listing Service
Last detected update: July 10, 2019 12:15AM EST ~ Verified on October 14, 2019 05:26PM 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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