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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 50 days
946 Ormewood Ave SE
Atlanta, GA 30316
2 Beds
2 Baths
1,135 ft2iSource: Owner / Seller
Sold for
$322,000
Owners.com Estimate:
Estimated Payment:$1,235/mo
HOA:$0

Perched high on one of Ormewood Park's hottest streets is this adorable 2BR/1

5BA 1940's vintage bungalow. Perfect for the 1st time buyer or the seasoned owner who wants to simplify. Only a few minutes walk - run - bike ride to Atlanta's world famous Southside BeltLine Trail! Tier one for Atlanta Neighborhood Charter School! This home has charm and more and is ready for your personal touch. Gorgeous elevated lot is 200' deep and features a wonderful private back deck + fenced yard. For the 1st time available in over 20 years, now it's your turn! WELCOME HOME!

Property type
Single Family Home
Structure
Single Story
Year built
1945iSource: Not Available
Parking
0Driveway
Price/Sqft
$290
MLS #
6546119
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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: 2
Virtual Tour: virtual tour | Room Types: Living Room, #OTHER | Basement: #NONE

Bathrooms

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

Interior

Features: Ceiling - Fan(s), High Speed Internet, Dehumidifier, Counter(s) - Laminate

Exterior

Features: Garden, Private Yard, Private Rear Entry, Fence - Back Yard, Fence, #NONE | Pool: #NONE

Building

Property Types: Single Family Home, Residential | Year Built: 1945 | Structure: Single Story | Architecture: Bungalow, Traditional | Condition: Resale | Roof: Composition | Siding: Cement / Concrete, Vinyl | Floors: Tile - Ceramic, Wood - Hard | Windows: #NONE

Garage & Parking

Parking: Driveway, 0

Lot

Lot Dimensions: 49x199x62x215 | Lot size: 0.2580 acres | Lot Features: Back Yard, Sloped

Location

County: Fulton | Subdivision: ORMEWOOD PARK | Real Estate Area: 32 - Fulton South | Directions: From Woodland Ave south to right on Ormewood Ave. Home is on the right. Park on street or in driveway. | MLS #: 6546119

Community

HOA Dues: $0

Appliances

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

Heating & Cooling

Air Conditioning: Central Air | Heating: Central Heating | Fireplaces: 1, Wood Stove

Utilities & Security

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

Accessibility

Accessibility: #NONE

School

Elementary School: Parkside | Middle School: King | High School: Maynard H. Jackson, Jr.

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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Local Insights

Listing provided by: STEVEN CARPENTER 

Listing courtesy of: Keller Knapp, Inc. |  (404) 370-0092 

Tools for buyers

Data provided by: First Multiple Listing Service
Last detected update: June 24, 2019 08:50PM EST ~ Verified on November 04, 2019 09:01PM 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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