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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
199 days on Owners.com
2009 NE Park St
Grimes, IA 50111
5 Beds
4 Baths
1,868 ft2
$495,000
Owners.com Estimate:
Estimated Payment:$1,859/mo

Fall Promotion-$5000 in builder paid upgrades of your choice with acceptable offer! Frampton Homes does it again with quality & custom design! This 5bed, 3

5bath home offers 3100+sf. An inviting double door entry welcomes you to the open floorplan w/tall ceilings, large windows & front to back views that flood the great room with light. Reclaimed walnut accents, brick FP, custom lighting & piping details give this home a custom feel. The kitchen features a large island, gas range, walk-in pantry, dovetail softclose cabinetry & quartz countertops. Private master suite w/tile shower, vanity w/linen cabinet & walk-in closet is across the house from 2 other BRs & full bath. A main floor office, laundry room, dropzone & 1/2 bath complete the main floor. The walkout LL incls large family room, wet bar leading to the patio, 2 BRs, bath, flex room & tons of storage. 2x6 construction, dual zone climate HVAC, central vac plumbing, passive radon mitigation system, backing to greenspace!

Property type
Residential
Year built
2018
Parking
Driveway - Concrete, Garage - 3 Attached
Price/Sqft
$265
MLS #
581538
Lot Size
11073 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: 5 | Room Types: Den, Mudroom, Study / Office | Basement: Finished, Walk Out

Bathrooms

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

Interior

Features: Central Vac, Bar - Wet Bar, Pantry

Building

Property Types: Residential, Single Family Home | Year Built: 2018 | Architecture: Ranch | Roof: Asphalt Shingle | Siding: Cement Board, Stone | Foundation: Poured | Floors: Carpeting, Tile

Garage & Parking

Parking: Driveway - Concrete, Garage - 3 Attached

Lot

Lot size: 0.2540 acres | Lot size: 11073 sqft | Zoning: R-3

Location

County: Polk | Real Estate Area: Grimes | Directions: From Hwy 141 go West on NE Beaverbrook Blvd, then North on NE Park. Home is on the Right. | MLS #: 581538

Appliances

Appliances: Dishwasher, Microwave, Stove

Heating & Cooling

Air Conditioning: Central Air | Heating: Gas Forced Air, Natural Gas | Fireplaces: 1, Fireplace Screen

Utilities & Security

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

School

School District: Dallas Center-Grimes

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: Andrew DePhillips 

Listing courtesy of: RE/MAX Precision |  (515) 223-9492 

Tools for buyers

Data provided by: Des Moines Area Association of REALTORS®
Last detected update: October 29, 2019 05:39AM EST ~ Verified on November 15, 2019 06:19AM 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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