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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 126 days
3120 34th Pl
Des Moines, IA 50310
3 Beds
2 Baths
1,074 ft2
Sold for
$130,000
Owners.com Estimate:
Estimated Payment:$499/mo

Move in condition! 3 bedrooms, 2 baths (1 full bath,1 3/4 bath) well built ranch by Reed Davison in a great Beaverdale location! Eat in kit has been updated w/stainless steel appliances (which stay) & ceramic tile backsplash

Hardwood floors under carpet on main level. Large living-dining rm w/lots of natural light (newer windows)! Wide staircase to lower level where you will find a 3/4 BA plus 12 x 24 family rm for enjoyment! Newer roof. Basement has been professionally water proofed and has sump pump w/battery backup. There's lots of storage & washer and dryer that stay w/home. Plaster walls. Walk out to big patio in park like completely fenced back yard w/many perennials. Vinyl sided exterior. HSA buyer Home Warranty for one year provided by seller.

Property type
Residential
Year built
1950
Parking
Driveway - Asphalt, Garage - 1 Attached
Price/Sqft
$124
MLS #
441089
Lot Size
9419 sqft
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SAVE PREFERENCES

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 | Basement: Finished - Partial

Bathrooms

# of Full Bathrooms: 1
# of Quarter Bathrooms: 1
# of Half Bathrooms: 0

Exterior

Features: Cable

Building

Property Types: Residential, Single Family Home | Year Built: 1950 | Architecture: Ranch | Roof: Asphalt Shingle | Siding: Vinyl | Foundation: Concrete Block | Floors: Carpeting, Hardwood, Tile, Vinyl | Windows: Furnished - Drapes/Curtains (All), Furnished - Shades/Curtains/Shutters

Garage & Parking

Parking: Driveway - Asphalt, Garage - 1 Attached

Lot

Lot size: 0.2160 acres | Lot size: 9419 sqft | Zoning: RES

Location

County: Polk | Real Estate Area: Des Moines N.West | Directions: Douglas Ave to 38th St,South on 38th to Davisson Rd. East on Davisson to 34th Pl. South on 34th PL to home. | MLS #: 441089

Appliances

Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washing Machine

Heating & Cooling

Air Conditioning: Central Air | Heating: Gas Forced Air, Natural Gas

Utilities & Security

Sewer Service: City | Water Source: City | Safety and Security: Security System, Smoke Detector

School

School District: Des Moines Independent

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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Local Insights

Listing provided by: Darlene Adams 

Listing courtesy of: Iowa Realty Jordan Grove |  (515) 453-6100 

Tools for buyers

Data provided by: Des Moines Area Association of REALTORS®
Last detected update: December 23, 2014 07:59AM EST ~ Verified on November 09, 2019 07:04PM 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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