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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 34 days
3879 Beacon St
Marietta, GA 30062
3 Beds
3 Baths
3,348 ft2iSource: Appraiser
Sold for
$369,000
Owners.com Estimate:
Estimated Payment:$1,359/mo
HOA:$880, Annually

STAND OUT from the boring "5-4 & A Door" East Cobb floorplan! Enjoy the wooded view from the screened upper deck and NEW lower deck, which provide seamless exterior access from both levels

NEW landscaping, fixtures, paint, SS appliances create a Pottery Barn lifestyle to relax in the expansive Master on Main with adjoining Office or chat in Keeping Room off the kitchen. This unique John Weiland home is located in desirable Beacon Hill Subdivision and award winning Lassiter School District, within 2 miles to shops/restaurants/parks/library/Cobb Community amenities.

Property type
Single Family Home
Structure
Two Story
Year built
1989iSource: Not Available
Parking
2Attached, Garage, Garage - Side Entry, Driveway
Price/Sqft
$108
MLS #
5767072
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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: 3
Virtual Tour: virtual tour | Room Types: Family Room, Living Room, Study / Office, Workshop | Basement: #NONE

Bathrooms

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

Interior

Features: Ceiling - Fan(s), Bookcase(s), Walk In Closets, Breakfast Bar, Pantry

Exterior

Features: No Fence, Deck, Patio/Porch - Screened | Pool: #NONE

Building

Property Types: Single Family Home, Residential | Year Built: 1989 | Structure: Two Story | Architecture: Traditional | Construction: Stucco | Condition: Resale | Roof: #OTHER | Floors: Wood - Hard

Garage & Parking

Parking: Attached, Garage, Garage - Side Entry, Driveway, 2

Lot

Lot Dimensions: 105x152 | Lot size: 0.3650 acres | Lot Features: Private, Wooded

Location

County: Cobb | Subdivision: Beacon Hill | Real Estate Area: 82 - Cobb-East | Directions: Fron Sandy Plains and Shallowford, head E on Shallowford. Turn L on Wesley Chapel. Turn L into Beacon Hill. Turn R at stop sign. First house on L after Clubhouse. | MLS #: 5767072

Community

Condo Maintenance: Swim/Tennis, Trash | HOA Dues: $880/ Annually

Appliances

Appliances: Dishwasher, Range - Electric, Energy Star, Water Heater - Gas, Microwave, Refrigerator

Heating & Cooling

Air Conditioning: Central Air | Heating: Natural Gas Heat | Fireplaces: 1, Factory Built, Gas Starter

Utilities & Security

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

Accessibility

Accessibility: Accessible Entrance

School

Elementary School: Garrison Mill | Middle School: Mabry | High School: Lassiter

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

School Information

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Local Insights

Listing provided by: Deborah Flowers 

Listing courtesy of: Atlanta Fine Homes Sothebys Intl. |  (770) 442-7300 

Tools for buyers

Data provided by: First Multiple Listing Service
Last detected update: July 10, 2019 12:15AM EST ~ Verified on October 14, 2019 05:07AM 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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