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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
201 days on Owners.com
6800 Fairview Ave
Downers Grove, IL 60516
3 Beds
2 Baths
1,344 ft2
$299,000
Owners.com Estimate:
Estimated Payment:$1,123/mo
HOA:$0, #NONE

CHARMING & UPDATED ranch home situated on 1/2 an acre! Greeted by bright living rm w/hardwood flrs that carries throughout the ENTIRE main floor! REMODELED kitchen ('16) w/center island, breakfast bar, white cabinetry, all new stainless steel appls--brand new fridge & dishwasher ('19), pantry closet, & spacious eating area

Large bedrooms! Updated hall bathroom ('16). BEAUTIFUL enclosed breezeway w/flr/ceiling stone fireplace leading to the garage, backyard, & front. HUGE finished basement: rec rm, full bath, laundry rm & work rm. Ample storage space throughout home! Stunning yard w/patio, pergola, fire pit, storage shed, swing set, & PRIVATE well for gardening (home is on public water)! BRAND NEW ROOF & VINYL WINDOWS ('18). New attic insulation ('18), garage door ('16) and driveway ('16). Close to shops, dining, & expressways! WHAT A CATCH!!

Property type
Single Family Home
Structure
Single Story
Year built
1956
Parking
Driveway - Asphalt, Garage
Price/Sqft
$222
MLS #
10330199
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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 | Room Types: Recreation, Workroom, Walk-in Pantry | Basement: false, Finished

Bathrooms

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

Interior

Features: Addtl Room 1 Flooring - Carpet, Addtl Room 4 Flooring - Ceramic Tile, Ceiling Fan, Sump Pump, 1st Floor Bedroom, 1st Floor Full Bath, Hardwood Floors in Living Room, Living Room Window -Shades

Exterior

Features: Patio, Storms/Screens, Fire Pit

Building

Property Types: Single Family Home | Year Built: 1956 | Structure: Single Story | Architecture: Ranch | Roof: Asphalt/Glass (Shingles) | Siding: Brick | Foundation: Concrete | Floors: Hardwood

Garage & Parking

Parking: Driveway - Asphalt, Garage | Garage: Garage Door Opener(s), Transmitter(s), Attached

Lot

Lot Dimensions: 200X100 | Lot range: .25-.49 Acre

Location

County: Du Page | Real Estate Area: Downers Grove | Directions: Head (E) on 75th to Fairview Ave (N) to home on east side | MLS #: 10330199

Community

Condo Maintenance: #NONE | HOA Dues: $0/ #NONE

Appliances

Appliances: Microwave, Dishwasher, Refrigerator, Washing Machine, Dryer, All Stainless Steel Kitchen Appliances, Cooktop, Oven/Built-in

Heating & Cooling

Air Conditioning: Central Air | Heating: Gas, Steam or Hot Water Heating, Baseboard | Fireplaces: 2, Wood, Wood Stove

Utilities & Security

Sewer Service: Sewer-Public | Water Source: Public Supply, Well - Private

Accessibility

Accessibility: #NONE

School

Elementary School: El Sierra Elementary School | Middle School: O Neill Middle School | High School: South High School

Owners.com Estimated Value

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Local Insights

Listing provided by: Alice Chin 

Listing courtesy of: Keller Williams Infinity |  (630) 778-5800 

Tools for buyers

Data provided by: Midwest Real Estate Data LLC
Last detected update: October 24, 2019 05:07PM EST ~ Verified on November 04, 2019 09:04PM 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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