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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 86 days
425 Armor Dr
Loganville, GA 30052
4 Beds
3 Baths
2,510 ft2iSource: Appraiser
Sold for
$131,091
Owners.com Estimate:
Estimated Payment:$484/mo
HOA:$180, Annually

4 Bedroom, 3 Full Bath Split Foyer Home in Kings Ridge

Vaulted Family Room with Fireplace. Open and Bright Kitchen. Master Suite with Sep Garden Tub and Shower. Spacious Guest Rooms. Large Bonus Room in Lower level with Built in Bench Seat. HUD HOME SOLD AS IS. INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED. SELLING BROKER TO VERIFY ALL INFORMATION. FHA INSURABLE WITH ESCROW $935. CASE #105-465126. EQUAL HOUSING OPPORTUNITY

Property type
Single Family Home
Structure
Multi/Split Level
Year built
2002iSource: Not Available
Parking
2Garage
Price/Sqft
$51
MLS #
5500289
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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 | Room Types: Great Room - 1 Story | Basement: #NONE

Bathrooms

# of Full Bathrooms: 3
# of Half Bathrooms: 0

Interior

Features: Ceiling - Fan(s)

Exterior

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

Building

Property Types: Single Family Home, Residential | Year Built: 2002 | Structure: Multi/Split Level | Architecture: Traditional | Condition: Resale | Roof: Composition | Siding: Aluminum, Vinyl | Windows: Insulated

Garage & Parking

Parking: Garage, 2

Lot

Lot Dimensions: .33 | Lot Features: Level

Location

County: Walton | Subdivision: Kings Ridge | Real Estate Area: 141 - Walton County | Directions: Take 78E turn left on C.S. Floyd Rd to red light cross over Ga Hwy 20, go approx 1 mile to Kings Ridge on right. | MLS #: 5500289

Community

HOA Dues: $180/ Annually

Appliances

Appliances: Dishwasher, Microwave, Refrigerator

Heating & Cooling

Heating: Forced Air, Natural Gas Heat | Fireplaces: 1, Factory Built

Utilities & Security

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

Accessibility

Accessibility: #NONE

School

Elementary School: Loganville | Middle School: Loganville | High School: Loganville

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 History

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Source: County(Public) Records

School Information

Property History & Valuation

Local Insights

Listing provided by: Amy Denson 

Listing courtesy of: Myers Team Realty |  (770) 554-7230 

Tools for buyers

Data provided by: First Multiple Listing Service
Last detected update: July 10, 2019 12:15AM EST ~ Verified on October 15, 2019 01:21PM 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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