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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 36 days
107 Bear Cave Trl
Woodstock, GA 30189
4 Beds
3 Baths
2,842 ft2iSource: Appraiser
Sold for
$272,500
Owners.com Estimate:
Estimated Payment:$1,032/mo
HOA:$575, Annually

Beautiful two-story traditional in sought after Deer Run! Gleaming hardwoods throughout main floor, stairs, and upstairs hall

Kitchen updated with custom painted cabinetry, granite countertops, stainless appliances, and copper sink. Den/office/guest room on main. Stunning detailed mill work added throughout. All windows replaced with custom Gorell Eco Master Energy Star windows. Rinnai whole-house tankless water heating system. Large, flat fenced rear yard perfect for entertaining! Walk to shopping, restaurants, and movies!

Property type
Single Family Home
Structure
Two Story
Year built
1999iSource: Not Available
Parking
2Attached, Garage, Garage Door Opener, Kitchen Level, Driveway
Price/Sqft
$97
MLS #
5710006
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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: Great Room - 1 Story, Study / Office | Basement: #NONE

Bathrooms

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

Interior

Features: Ceiling - Fan(s), Two-story foyer, High Speed Internet, Walk In Closets, Breakfast Bar

Exterior

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

Building

Property Types: Single Family Home, Residential | Year Built: 1999 | Structure: Two Story | Architecture: Traditional | Construction: Brick Front | Condition: Resale | Roof: Composition | Floors: Carpet, Wood - Hard | Windows: Insulated

Garage & Parking

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

Lot

Lot Dimensions: 56x130x78x129 | Lot size: 0.1900 acres | Lot Features: Landscaped, Level

Location

County: Cherokee | Subdivision: Deer Run | Real Estate Area: 112 - Cherokee County | Directions: I75 North to 575 Exit 8, Left off exit ramp onto Towne Lake Pkwy. Right onto Running Deer Pkwy, Right onto Moccasin Trail, Right onto Bear Cave Trail. Home is forth on the left. | MLS #: 5710006

Community

Condo Maintenance: Swim/Tennis | HOA Dues: $575/ Annually

Appliances

Appliances: Dishwasher, Disposal, Range - Electric, Microwave, Refrigerator, Oven - Self-cleaning, Tankless Water Heater

Heating & Cooling

Air Conditioning: Central Air, Zoned | Heating: Forced Air, Natural Gas Heat | 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: Fire Alarm, Smoke Detector

Accessibility

Accessibility: Accessible Entrance

School

Elementary School: Carmel | Middle School: Woodstock | High School: Woodstock

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: HERB LEPCHENSKE 

Listing courtesy of: Maximum One Realty Greater ATL. |  (770) 919-8825 

Tools for buyers

Data provided by: First Multiple Listing Service
Last detected update: July 10, 2019 12:15AM EST ~ Verified on October 14, 2019 05:33PM 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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