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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 477 days
4674 Whitestone Way
Suwanee, GA 30024
7 Beds
10 Baths
14,568 ft2iSource: Public Record
Sold for
$3,800,000
Owners.com Estimate:
Estimated Payment:$16,521/mo
HOA:$3050, Annually

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Serene lake frontage estate overlooking the 7th Fairway. Most exquisite house+setting in North Metro Atlanta. $2,000,000 invested above tax record $$. Indiana Limestone exterior. Vermont Slate roof. Dark wide plank walnut floors on main & top floors. Terrace level has Beaumaniere limestone floors.Light-filled neutral design with supreme construction provides a move-in ready home for the most discerning buyer. 12 ceilings on Main including the Master suite.3 levels with covered porches & breathtaking views

Property type
Single Family Home
Structure
Three or More Stories
Year built
2008iSource: Not Available
Parking
4Attached, Garage, Kitchen Level, Driveway, Parking Pad
Price/Sqft
$302
MLS #
5872412
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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: 7
Virtual Tour: virtual tour | Room Types: Bonus, Den, Exercise Room, Family Room, Game Room, Great Room - 2 Story, Media, Study / Office, Wine Cellar | Basement: Stubbed for Bath, Daylight, Exterior Entry, Finished, Full, Unfinished

Bathrooms

# of Full Bathrooms: 8
# of Half Bathrooms: 2

Interior

Features: Ceiling - Fan(s), Ceiling - Beamed, Ceiling - Cathedral, Elevator, High Speed Internet, Smart Home Technology, Bar - Wet Bar, Breakfast Bar

Exterior

Features: Garden, Fence - Back Yard, Fence, Wrought Iron Fence, Satellite Dish, Patio/Porch - Covered, Porch - Front, Patio, Porch - Back | Pool: Gunite, Heated, In Ground | Irrigation: Irrigation Equipment

Building

Property Types: Single Family Home, Residential | Year Built: 2008 | Structure: Three or More Stories | Architecture: European, Traditional | Construction: Stone | Condition: Resale | Roof: Copper, Slate | Floors: Wood - Hard | Windows: Insulated

Garage & Parking

Parking: Attached, Garage, Kitchen Level, Driveway, Parking Pad, 4

Lot

Lot Dimensions: 1 Acre | Lot size: 1.0000 acres | Lot Features: Landscaped, Level, On Golf Course, Private, Wooded

Location

County: Gwinnett | Subdivision: THE RIVER CLUB | Real Estate Area: 62 - Gwinnett County | Directions: The River Club = Unrivaled living along the rolling woodlands of the Chattahoochee River with the tranquil natural beauty of nature trails and a Greg Norman golf course. A gated sanctuary from the outside world only 24 miles north of the city offering the finest lifestyle experience in Atlanta. | MLS #: 5872412

Community

Condo Maintenance: Groundskeeping, Security | HOA Dues: $3050/ Annually

Appliances

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

Heating & Cooling

Air Conditioning: Central Air, Zoned | Heating: Forced Air, Natural Gas Heat | Fireplaces: 8

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: Carbon Monoxide Detector, Fire Alarm, Gated Entry, Security Guard, Security Service, Security System Owned, Smoke Detector

Accessibility

Accessibility: Accessible Doors, Accessible Elevator Installed, Accessible Entrance, Accessible Hallway(s)

School

Elementary School: Level Creek | Middle School: North Gwinnett | High School: North Gwinnett

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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Price History

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Source: County(Public) Records

School Information

Property History & Valuation

Local Insights

Listing provided by: Carol Curran 

Listing courtesy of: BEACHAM AND COMPANY REALTORS |  (404) 261-6300 

Tools for buyers

Data provided by: First Multiple Listing Service
Last detected update: July 10, 2019 12:15AM EST ~ Verified on October 17, 2019 07:01AM 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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