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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."
ACTIVE
200 days on Owners.com
Painiu Lp
VOLCANO, HI 96785
3 Beds
2 Baths
1,425 ft2
$365,000
Owners.com Estimate:
Estimated Payment:$1,371/mo

99-1791 Painiu Loop

Brand new custom home in the Volcano Golf Course subdivision. Be the first to live in this beautiful three bedroom, two bath home. Well designed and fully appointed kitchen features granite counter tops and island and convection oven with lots of storage space. Great room opens out to composite deck and wooded back yard, great for evening barbecues. Master boasts large walk in closet and spacious master bath with marble counter tops. Two additional guest bedrooms, guest bathroom and laundry room round out this great home. <br><br>Situated a cool elevation at just over 4000 ft, the perfect setting to be comfortable year round. Minutes from Volcano Village shops and restaurants, Kilauea Military Camp, Hawaii Volcanos National Park, golfing, hiking and even a winery close by. A great community for morning walk or afternoon bike ride.<br><br>Backs up to 7 acre open area, this lot has a 1/43 interest in "Park B" open area to compliment the park like setting neighborhood.

Property type
Residential
Structure
Unit - Single Family Home
Year built
2019
Parking
Covered, Garage - Attached
Price/Sqft
$256
MLS #
628502
Lot Size
11200 sqft
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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

Bathrooms

# of Full Bathrooms: 2
# of Quarter Bathrooms: 0
# of Half Bathrooms: 0
# of Three Quarter Bathrooms: 0

Exterior

Features: #NONE, Cable | Pool: false

Building

Property Types: Residential | Year Built: 2019 | Structure: Unit - Single Family Home | Architecture: Double Wall | Windows: #NONE

Garage & Parking

Parking: Covered, Garage - Attached

Lot

Lot size: 11200 sqft Lot Features: Wooded | Topography: Fairly Level | Zoning: RS-15

Location

County: Kau | Subdivision: Volcano Golf & Country Club Subdivision | MLS #: 628502

Appliances

Appliances: Disposal, Dishwasher, Refrigerator

Utilities & Security

Utilities: Telephone - Cell, Telephone - Land Line, Power - Overhead, #NONE | Sewer Service: Septic | Water Source: Catchment | Safety and Security: #NONE

Owners.com Estimated Value

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Local Insights

Listing provided by: Jeannette Young 

Listing courtesy of: Hawaii Pacific Brokers, LLC |  (808) 885-5557 

Tools for buyers

Data provided by: Hawaii Information Service
Last detected update: September 17, 2019 10:13PM EST ~ Verified on November 10, 2019 06:52AM 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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