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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
202 days on Owners.com
134 Nordic Sky
Sagle, ID 83860
-- Beds
-- Baths
-- ft2
$63,500
Owners.com Estimate:
Estimated Payment:$238/mo

Beautiful five acre building lot located in an area of mountain views and pastoral settings with minimal CCRs to protect property values

Close to Sagle Elementary, marina, beach and Lake Pend Oreille. Panoramic views, nice mix of open pasture and trees, easy access, privacy and the building envelope is cleared and ready to go! Horses are allowed and there are thousands of acres of trails nearby. This is a wonderful area. Country living at its finest at Blue Grouse Estates.

Property type
Lot / Land
MLS #
20190997
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My Home Features

Bathrooms

# of Full Bathrooms: 0.0

Building

Property Types: Lot / Land

Lot

Lot Dimensions: 217800 | Lot size: 5 acres | Zoning: Rural

Location

County: Bonner | Real Estate Area: 1-Sandpoint | Directions: Hwy 95 South to Sagle Rd. to Right on Sagle Creek Rd. to Right on Fenway Dr. to Right at Nordic Sky Rd. ( No sign ) vere left past house with the blue roof to property on left and end of road. Please bring aerial map. | MLS #: 20190997

School

School District: Lake Pend Oreille | Elementary School: Sagle | Middle School: Sandpoint | High School: Sandpoint

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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Listing provided by: Sydney Icardo 

Listing courtesy of: CENTURY 21 RIVERSTONE |  (208) 255-2244 

The Selkirk Association of REALTORS®

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Data provided by: The Selkirk Association of REALTORS®
Last detected update: May 02, 2019 12:56PM EST ~ Verified on November 15, 2019 05:56AM 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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