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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 514 days
0 Bear Claw Ln #9
Rising Fawn, GA 30738
-- Beds
-- Baths
-- ft2
Sold for
$20,000
Owners.com Estimate:
Estimated Payment:$103/mo

Gorgeous, level, wooded lot in Canyon Trace

All utilities are at the road. If you're looking for a quiet lot in a small development where homes aren't on top of each other then this may be the place for you. Sitting on top of Lookout Mountain this tract is within walking distances of the magnificent Cloudland Canyon State Park. Camp out, bike ride, hike, waterfalls, and many other amenities come with the park. The New Salem Community puts on an amazing fireworks display every 4th of July. Just off the mountain are all your grocery needs. Travel to Chattanooga, TN in just 25 minutes for all your other needs and weekend attractions. Call Today!

Property type
Lot / Land
MLS #
1273173
Lot Size
106286 sqft
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My Home Features

Rooms

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Bathrooms

# of Full Bathrooms: 0.0

Exterior

Features: #NONE

Building

Property Types: Lot / Land

Lot

Lot Dimensions: 0 | Lot size: 2.44 acres | Lot size: 106286 sqft | Lot Features: Level, Wooded | Zoning: None

Location

County: Dade | Subdivision: Canyon Trace | Directions: I-59S to Trenton Exit. Left off Exit. Right onto HWY 11. Left onto HWY 136. Continue up Lookout Mountain. At top of Mountain Turn Right onto Sunset. Left onto Bohicket Lane. Right onto Bear Claw. Property on Right. | MLS #: 1273173

Utilities & Security

Utilities: Electricity, Telephone, Water

School

Elementary School: Dade County Elementary | Middle School: Dade County Middle | High School: Dade County High

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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Listing provided by: Chase Jolander 

Listing courtesy of: Real Living Southern Realty |  (706) 657-2353 

Tools for buyers

Data provided by: Greater Chattanooga Association of REALTORS®
Last detected update: April 15, 2019 01:03PM EST ~ Verified on October 14, 2019 12:32PM 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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