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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 62 days
2035 Lisa Springs Dr
Snellville, GA 30078
4 Beds
3 Baths
2,158 ft2iSource: Public Record
Sold for
$205,000
Owners.com Estimate:
Estimated Payment:$882/mo
HOA:$200, Annually

SPOTLESS MOVE-IN CONDITION - BROOKWOOD ELEMENTARY!! This Beautiful Traditional Home Features a Welcoming Front Porch, Two Story Foyer, Formal Dining, Huge Open Kitchen w/Island & Abundance of Cabinets, Spacious Family Room, Four Bedrooms Including a Master Suite w/Trey Ceiling & Garden Tub Bath

Additional Features Include Custom Crown Mouldings, Updated Newer Stainless Kitchen Appliances, Security System and More! This Great Buy is Located on a Cul-D-Sac Street with a Private Fenced Backyard Perfect for Children, Pets or a Garden! Great Location - Welcome Home!

Property type
Single Family Home
Structure
Two Story
Year built
2003iSource: Not Available
Parking
2Attached, Garage, Garage Door Opener, Driveway
Price/Sqft
$109
MLS #
5746066
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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
Virtual Tour: virtual tour | Room Types: #OTHER | Basement: #NONE

Bathrooms

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

Interior

Features: Two-story foyer, High Speed Internet, Walk In Closets, Pantry

Exterior

Features: Fence, Porch - Front, Patio | Pool: #NONE

Building

Property Types: Single Family Home, Residential | Year Built: 2003 | Structure: Two Story | Architecture: Traditional | Condition: Resale | Roof: Composition | Floors: Wood - Hard

Garage & Parking

Parking: Attached, Garage, Garage Door Opener, Driveway, 2

Lot

Lot Dimensions: 68x167x40x201 | Lot size: 0.2100 acres | Lot Features: Cul de Sac, Level, Private

Location

County: Gwinnett | Subdivision: Brookwood Heights | Real Estate Area: 64 - Gwinnett County | Directions: Hwy. 78 Past Stone Mountain. Cross Over Killian Hill Road. Left on High Point Rd. Right on McGee Rd. Right into Brookwood Heights on Lisa Springs Drive. Home on right. | MLS #: 5746066

Community

HOA Dues: $200/ Annually

Appliances

Appliances: Dishwasher, Range - Gas, Water Heater - Gas, Microwave

Heating & Cooling

Air Conditioning: Central Air | Heating: Forced Air | Fireplaces: 1, Factory Built, Gas Logs, Gas Starter

Utilities & Security

Utilities: Cable - Available / In Street, Underground Utilities | Sewer Service: Public Sewer | Water Source: Public Supply | Safety and Security: Security System Owned

Accessibility

Accessibility: Accessible Entrance

School

Elementary School: Brookwood - Gwinnett | Middle School: Crews | High School: Brookwood

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: CATHY GRAHAM 

Listing courtesy of: Virtual Properties Realty.Com |  (770) 495-5050 

Tools for buyers

Data provided by: First Multiple Listing Service
Last detected update: July 10, 2019 12:15AM EST ~ Verified on October 21, 2019 07:13AM 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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