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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
9315 N Muirfield Dr
LAKEWOOD, IL 60014
5 Beds
7 Baths
10,067 ft2
$1,250,000
Owners.com Estimate:
Estimated Payment:$4,694/mo
HOA:$0, #NONE
Property type
Single Family Home
Structure
Two Story
Year built
1999
Parking
Driveway - Asphalt, Garage
Price/Sqft
$124
MLS #
10296584
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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
Virtual Tour: virtual tour | Room Types: 2nd Kitchen, 5th Bedroom, Den, Loft, Theater, Workroom, Hardwood Floors in Family Room, Family Room Window Treatments - Blinds, Walk-in Pantry | Basement: false, Finished

Bathrooms

# of Full Bathrooms: 4
# of Half Bathrooms: 3

Interior

Features: Addtl Room 1 Flooring - Carpet, Addtl Room 1 Window Treatments - Blinds, Addtl Room 2 Flooring - Hardwood, Blinds, Addtl Room 3 Flooring - Hardwood, Addtl Room 4 Flooring - Carpet, #OTHER, Addtl Room 6 Flooring - Carpet, Addtl Room 6 Window Treatments - Blinds, Addtl Room 7 Flooring - Ceramic Tile, Central Vacuum, Ceiling Fan, Sump Pump, Skylight(s), 2nd Floor Laundry, Walk In Closets, Hardwood Floors in Living Room, Living Room Window -Curtains/Drapes

Exterior

Features: Porch - Screened, Deck, Patio - Enclosed, Pool - In Ground, Storms/Screens, Barbecue

Building

Property Types: Single Family Home | Year Built: 1999 | Structure: Two Story | Roof: Asphalt/Glass (Shingles) | Siding: Brick | Foundation: Concrete | Floors: Hardwood, Heated

Garage & Parking

Parking: Driveway - Asphalt, Garage | Garage: Garage Door Opener(s), Heated, 7 Foot or more high garage door, Multiple Garages, Attached

Lot

Lot Dimensions: 186X36.7X13X154X31.9 | Lot range: 1.0-1.99 Acres

Location

County: Mc Henry | Subdivision: Turnberry | Real Estate Area: Crystal Lake / Lakewood / Prairie Grove | Directions: Lakewood north to Muirfield | MLS #: 10296584

Community

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

Appliances

Appliances: Oven - Dual, Microwave, Dishwasher, High End Refrigerator, Washing Machine, Dryer, Cooktop

Heating & Cooling

Air Conditioning: Central Air, Zoned | Heating: Gas | Fireplaces: 3, See through/Multi Sided, Wood, Gas Logs

Utilities & Security

Utilities: Electricity - Circuit Breakers, Electricity - 400 Amp Service or Greater, Power Generator | Sewer Service: Sewer-Public | Water Source: Public Supply | Safety and Security: Security System

Accessibility

Accessibility: #NONE

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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Source: County(Public) Records

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Local Insights

Listing provided by: Karen Smith 

Listing courtesy of: Berkshire Hathaway HomeServices Starck Real Estate - Elgin |  (847) 931-4663 

Tools for buyers

Data provided by: Midwest Real Estate Data LLC
Last detected update: May 07, 2019 01:05AM 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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