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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 68 days
2054 Mulberry Ln
Lithonia, GA 30058
4 Beds
3 Baths
2,133 ft2iSource: Public Record
Sold for
$78,000
Owners.com Estimate:
Estimated Payment:$293/mo

*No Open house*4BR/2BA HUD home sold as-is

Case #105-206510 IE Vaulted ceilings in bedrooms, stained cabinets in kitchen. Close to shopping and restaurants.

Property type
Single Family Home
Structure
Two Story
Year built
2004iSource: Not Available
Parking
2Attached, Garage, Garage Door Opener, Driveway
Price/Sqft
$37
MLS #
5025607
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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: Living Room | Basement: #NONE

Bathrooms

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

Interior

Features: Ceiling - Fan(s), Counter(s) - Laminate

Exterior

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

Building

Property Types: Single Family Home, Residential | Year Built: 2004 | Structure: Two Story | Architecture: Traditional | Construction: Brick Front | Condition: Resale | Roof: Composition | Floors: Carpet, Wood - Hard

Garage & Parking

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

Lot

Lot Dimensions: -- | Lot Features: #OTHER

Location

County: Dekalb | Subdivision: Greystone Woods | Real Estate Area: 42 - Dekalb-East | Directions: from Stephenson Rd, turn into Greystone subdivision, right on Old Greystone Dr, left on Old Greystone Ct, Rt on Alice Ave, Rt on Cypress Trace, Rt on Cutters Mill Way, Rt on Mulberry Ln. Home on right | MLS #: 5025607

Appliances

Appliances: Dishwasher

Heating & Cooling

Air Conditioning: Central Air | Heating: #OTHER | Fireplaces: 1

Utilities & Security

Utilities: Cable - Available / In Street | Sewer Service: Public Sewer | Water Source: Public Supply | Safety and Security: #NONE

Accessibility

Accessibility: #NONE

School

Elementary School: Rock Chapel | Middle School: Stephenson | High School: Stephenson

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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Property Tax

Price History

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Price
Source: County(Public) Records

School Information

Property History & Valuation

Local Insights

Listing provided by: CARLA WILLIAMS 

Listing courtesy of: Maximum One Realty Greater ATL. |  (770) 919-8825 

Tools for buyers

Data provided by: First Multiple Listing Service
Last detected update: July 10, 2019 12:15AM EST ~ Verified on October 20, 2019 12:22AM 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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