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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 76 days
1895 Fox Chapel Dr SE
Smyrna, GA 30080
3 Beds
3 Baths
2,561 ft2iSource: Public Record
Sold for
$407,500
Owners.com Estimate:
Estimated Payment:$1,558/mo
HOA:$380, Annually

Excellent Location! Impeccable home within walking distance to the Silver Comet Trail, shopping & great restaurants! Floor plan includes soaring ceilings, a wall of windows & hardwood floors

Recently renovated eat-in kitchen with granite countertops & SS appliances. Spacious master bedroom with trey ceiling & large ensuite with travertine tile & frameless shower. Updates abound with a new roof, new carpet, new interior paint & new garage doors. Trane HVAC units installed 10/2016. Custom-built patio with fire pit in the fully fenced backyard. Only minutes to 285 & I-75.

Property type
Single Family Home
Structure
Two Story
Year built
1999iSource: Not Available
Parking
2, 0Garage Door Opener, Kitchen Level
Price/Sqft
$162
MLS #
6545429
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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 | Room Types: Bonus, Great Room - 2 Story | Basement: #NONE

Bathrooms

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

Interior

Features: Two-story foyer, Walk In Closets, Pantry

Exterior

Features: Private Yard, Wood Fence, #NONE, Porch - Back | Pool: #NONE

Building

Property Types: Single Family Home, Residential | Year Built: 1999 | Structure: Two Story | Architecture: Traditional | Construction: Brick Front, Stucco | Condition: Resale | Roof: Shingle or Shake | Floors: Carpet, Tile - Ceramic, Wood - Hard | Windows: #NONE

Garage & Parking

Parking: Garage Door Opener, Kitchen Level, 2, 0

Lot

Lot Dimensions: 0 | Lot size: 0.1650 acres | Lot Features: Back Yard, Private

Location

County: Cobb | Subdivision: Fox Chapel | Real Estate Area: 72 - Cobb-West | Directions: 285 to Atlanta Rd Exit, Go North and turn left on Daniel St. Take immediate 1st left at stop sign onto Cooper Lake, Veer left at fork onto Fox Chapel Drive. | MLS #: 6545429

Community

Condo Maintenance: Groundskeeping, Reserve | HOA Dues: $380/ Annually

Appliances

Appliances: Dishwasher, Disposal, Dryer, Gas Cooktop, Oven - Gas, Range - Gas, Water Heater - Gas, Microwave, Refrigerator, Washing Machine

Heating & Cooling

Air Conditioning: Central Air | Heating: Baseboard, Central Heating, Natural Gas Heat | Fireplaces: 1

Utilities & Security

Utilities: Cable - Available / In Street, Electricity, Gas Utlities (Natural Available), Underground Utilities | Sewer Service: Public Sewer | Water Source: Public Supply | Safety and Security: Fire Alarm, Smoke Detector

Accessibility

Accessibility: Accessible Hallway(s)

School

Elementary School: Nickajack | Middle School: Campbell | High School: Campbell

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

Property History & Valuation

Local Insights

Listing provided by: Rebecca Taylor 

Listing courtesy of: REDFIN CORPORATION |  (404) 800-3623 

Tools for buyers

Data provided by: First Multiple Listing Service
Last detected update: July 18, 2019 12:55PM EST ~ Verified on November 04, 2019 09:01PM 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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