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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 38 days
93 Timber Mist Ln # 0
Lawrenceville, GA 30045
2 Beds
3 Baths
1,426 ft2iSource: Public Record
Sold for
$41,312
Owners.com Estimate:
Estimated Payment:$139/mo
HOA:$50, Monthly

HARDWOOD FLOORS THROUGHOUT THIS HOME CREATE A CLASSY FEEL FOR ONE GREAT PRICE

HUD HOME SOLD AS IS. INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED. SELLING BROKER TO VERIFY ALL INFORMATION. FHA -INSURABLE. CASE #105-358954.

Property type
Townhome
Structure
Multi/Split Level
Year built
2002iSource: Not Available
Parking
0Parking Pad
Price/Sqft
$26
MLS #
4338032
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SAVE PREFERENCES

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: Family Room | Basement: #NONE

Bathrooms

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

Interior

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

Exterior

Features: Fence, Patio | Pool: #NONE

Building

Property Types: Townhome, Residential | Year Built: 2002 | Structure: Multi/Split Level | Architecture: Victorian, Traditional | Condition: Resale | Roof: Composition | Siding: Vinyl | Floors: Wood - Hard

Garage & Parking

Parking: Parking Pad, 0

Lot

Lot Dimensions: 0 | Lot Features: #OTHER

Location

County: Gwinnett | Subdivision: Timber Gate | Real Estate Area: 63 - Gwinnett County | Directions: 85N TO 316E. CROSSS OVER HWY 20, THEN RIGHT ON HOSEA RD. LEFT ON HWY 29, THEN LEFT INTO TIMBER GATE S/D. | MLS #: 4338032

Community

HOA Dues: $50/ Monthly

Appliances

Appliances: Disposal, Water Heater - Gas, Microwave

Heating & Cooling

Air Conditioning: Central Air | Heating: Central Heating, Electric, Forced Air | Fireplaces: 1, Factory Built

Utilities & Security

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

Accessibility

Accessibility: #NONE

School

Elementary School: Jenkins | Middle School: J.E. Richards | High School: Central Gwinnett

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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Homes like this sold for in the last three months

Property Tax

Price History

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Event
Price
Source: County(Public) Records

School Information

Property History & Valuation

Local Insights

Listing provided by: GREGORY MARTIN 

Listing courtesy of: ERA Sunrise Realty |  (678) 781-7400 

Tools for buyers

Data provided by: First Multiple Listing Service
Last detected update: July 10, 2019 12:15AM EST ~ Verified on October 23, 2019 10:43PM 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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