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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 57 days
228 Briandwood Dr
Newnan, GA 30265
4 Beds
3 Baths
2,447 ft2
Sold for
$257,000
Owners.com Estimate:
Estimated Payment:$995/mo
HOA:$507

No time to build? This move in ready energy efficient home features granite counter tops throughout w/ Designer Drop-In sinks, 2 story Foyer w/ HW Floors leading to a Craftsman Kitchen that boasts a HUGE Island, SS appliances & open kitchen concept! Spacious Great room w/Fireplace

Formal Dining room w/ Coffered Ceiling. Mudroom w/cubbies. Luxurious Master Suite with dbl vanities, shower, & tub. Private Backyard featuring a signature game day porch and full wrapped outdoor fireplace.

Property type
Single Family Home
Structure
Two Story
Year built
2016
Parking
Garage - Two, Garage - Attached, Garage - Automatic Opener, Garage, Kitchen Entry Garage
Price/Sqft
$108
MLS #
8574136
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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: Foyer - 2 Story, Breakfast Room, Laundry, Great Room | Basement: Slab

Bathrooms

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

Exterior

Features: Porch | Pool: Community

Building

Property Types: Single Family Home | Year Built: 2016 | Structure: Two Story | Architecture: Craftsman | Roof: Shingle - Composition | Siding: Cement / Concrete, Stone | Floors: Wood - Hard, Tile, Carpet | Windows: Double-Pane

Garage & Parking

Parking: Garage - Two, Garage - Attached, Garage - Automatic Opener, Garage, Kitchen Entry Garage

Lot

Lot range: Less than 1/3 Acre | Lot Features: Level

Location

County: Coweta | Subdivision: Fox Ridge | Real Estate Area: COWE | Directions: From Lower Fayetteville, turn Right onto Mary Freeman Rd. Turn Right into Fox Ridge. Go to the Stop Sign & Turn right onto Briandwood Dr. Home is on the right. | MLS #: 8574136

Community

Condo Maintenance: Management | HOA Dues: $507

Appliances

Appliances: Programmable Thermostat, Water Heater - Electric, Dishwasher, Garbage Disposal, Microwave - Built In, Range / Oven

Heating & Cooling

Air Conditioning: Electric, Ceiling Fan, Central Air, Heat Pump, Zoned | Heating: Electric, Central Heating, Heat Pump, Zoned | Fireplaces: 2, Fabricated

Utilities & Security

Utilities: Cable - Available / In Street, Cable - Interior Connections | Sewer Service: Connected | Water Source: Public Supply | Safety and Security: Alarm - Burglar, Smoke Detector

School

Elementary School: Welch | Middle School: Lee | High School: East Coweta

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: Vincent Truong 

Listing courtesy of: Berkshire Hathaway HomeServices Georgia Properties |  (770) 254-8333 

Tools for buyers

Data provided by: GAMLS
Last detected update: June 27, 2019 04:34PM EST ~ Verified on November 15, 2019 06:19AM 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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