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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
196 days on Owners.com
0 Parkway Ln #Lot 55
Gainesville, GA 30506
-- Beds
-- Baths
-- ft2
$44,900
Owners.com Estimate:
Estimated Payment:$169/mo
HOA:$100

Build your Dream Home on this approx

42 awesome lot with Corp of Engineers land backing up to Property. Beautiful Walking Trail to Lake Lanier and Survey and Perc Test have recently been done. Owner is an Active Agent in GA.

Property type
Lot / Land
MLS #
8574328
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My Home Features

Bathrooms

# of Full Bathrooms: 0.0

Building

Property Types: Lot / Land

Lot

Lot Dimensions: 104x175 | Lot size: 0.41 acres | Lot range: 1/3 - 1/2 Acre | Zoning: Agricultural/Residential

Location

County: Forsyth | Subdivision: Bridgewater | Real Estate Area: FOR4 | Directions: 400 North to exit 17. Left on 306 for several miles to right on Old Keith Bridge Rd. Take a RT into Bridgewater Subdivision. Take Rt on Lakeside Drive then a RT on Manor Ln then runs into Parkway Ln on left. Lot is on the right at the very end. | MLS #: 8574328

Community

HOA Dues: $100

Utilities & Security

Utilities: Electricity, Water

School

Elementary School: Chestatee Primary | Middle School: Little Mill | High School: North Forsyth

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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Local Insights

Listing provided by: Joseph Tribuiani 

Listing courtesy of: Maximum One Community Realtors |  (770) 334-8286 

Tools for buyers

Data provided by: GAMLS
Last detected update: October 17, 2019 01:59PM EST ~ Verified on November 09, 2019 07:03PM 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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