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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
197 days on Owners.com
409 Walker St
WOODBINE, IA 51579
2 Beds
2 Baths
-- ft2
$125,000
Owners.com Estimate:
Estimated Payment:$469/mo
HOA:$0

Well-Maintained Income-Producing Antique Business and Residential Rental Property in the Woodbine Business District

All Brick Building w/Store on Main Level & Refurbished 2BR/2BA Upstairs Apartment (2013). Plentiful Parking in Front of Building and Two Reserved Spaces to the Rear. Newer Furnace (2017), Heat Pumps (2013), and New Roof (Partial) w/10 Year Warranty (2014). Large Main Level w/Hardwood Floors, Two Bathrooms, Floor Drain, and Rough-In for Commercial Kitchen. Modern Apartment w/Hardwood & Ceramic Tile Floors, Black Appliances, and Washer/Dryer. Part of the Brick Street & Lincoln Highway National Register Historical District.

Property type
Single Family Home
Structure
Two Story, 2.0
Year built
1900
Parking
Off Street, #NONE
Price/Sqft
-
MLS #
19-759
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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: 2 | Basement: Earth, Full

Interior

Features: Ceiling - Fan(s)

Exterior

Features: Public Sidewalks, #NONE

Building

Property Types: Single Family Home | Year Built: 1900 | Structure: Two Story, 2.0 | Construction: Brick | Roof: Flat, Metal, #OTHER

Garage & Parking

Parking: Off Street, #NONE

Lot

Lot Dimensions: 25x100 | Lot range: Under 1/4 Acre | Lot Features: Concrete | Zoning: GC

Location

County: HARRISON | Subdivision: Not Applicable | Real Estate Area: 14A | Directions: From Route 30 North on Lincoln Way Street, East onto 5th Street, South on Walker to Property. | MLS #: 19-759

Community

HOA Dues: $0

Appliances

Appliances: Dishwasher, Range - Electric, Garbage Disposal, Microwave, Refrigerator, Water Heater - Gas

Heating & Cooling

Air Conditioning: Electric Central | Heating: Gas Forced Air, Heat Pump | Fireplaces: false

Utilities & Security

Utilities: Electricity, Gas | Sewer Service: City Sewer | Water Source: City Water

Accessibility

Accessibility: #NONE

School

School District: Woodbine | Elementary School: Woodbine | Middle School: Woodbine | High School: Woodbine

Owners.com Estimated Value

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Source: County(Public) Records

School Information

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Local Insights

Listing provided by: Karen Jennings 

Listing courtesy of: BHHS Ambassador Real Estate |  (402) 493-4663 

Southwest Iowas Association of Realtors®

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Data provided by: Southwest Iowas Association of Realtors®
Last detected update: September 19, 2019 08:16AM EST ~ Verified on November 15, 2019 05:42AM 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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