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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
32 Fawn Ridge Dr
OAKWOOD HILLS, IL 60013
4 Beds
6 Baths
5,459 ft2
$564,900
Owners.com Estimate:
Estimated Payment:$2,121/mo
HOA:$198, Annual

Fabulous "one of a kind" Contemporary home on 3 wooded acres backs to nature preserve! Phenomenal views out every room! Vacation setting all year long! Grand two story Great room with floor-to-ceiling windows

Light, bright & airy feeling adorned by a stunning brick fireplace. Kitchen offers large breakfast bar, sunny breakfast rm & generous pantry adjacent to formal rm with built in bar & sliding doors to the wrap-around-deck. Spacious 1st Flr MBR overlooks the ravine & has access to the deck. Luxury WP bath w/separate shower. Dramatic 2nd floor loft space recreation area with architectural detail in the ceilings, skylights, recessed lights + 3 large BRs each with their own en suite and walk in closets & private decks! Full-finished walk out basement is a well planned design with additional family rm & storage plus bath. Main flr lndry & separate mud rm to huge 4 Car garage (47 x 30) WOW!

Property type
Single Family Home
Structure
Two Story
Year built
2002
Parking
Driveway - Asphalt, Garage
Price/Sqft
$103
MLS #
10364870
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My Home Features

Rooms

Bedrooms: 4 | Room Types: Den, Office, Loft, Recreation, Play Room, Foyer, Mudroom, Workroom, Walk-in Pantry | Basement: false, Finished, Exterior Access

Bathrooms

# of Full Bathrooms: 4
# of Half Bathrooms: 2

Interior

Features: Addtl Room 10 Flooring - Carpet, Addtl Room 1 Flooring - Ceramic Tile, Addtl Room 1 Window Treatments - Curtains/Drapes, Addtl Room 2 Flooring - Carpet, Addtl Room 3 Flooring - Carpet, Addtl Room 3 Window Treatments - Blinds, Addtl Room 4 Flooring - Carpet, Addtl Room 5 Flooring -Carpet, Addtl Room 6 Flooring - Carpet, Addtl Room 8 Flooring - Ceramic Tile, Addtl Room 9 Flooring - Vinyl, Storage, Ceiling Fan, Fan-Attic Exhaust, Sump Pump, Bar - Dry Bar, 1st Floor Bedroom, 1st Floor Laundry, 1st Floor Full Bath, Living Room Flooring - Carpet

Exterior

Features: Deck, Patio, Porch, Brick Paver Patio, Storms/Screens

Building

Property Types: Single Family Home | Year Built: 2002 | Structure: Two Story | Architecture: Contemporary | Roof: Asphalt/Glass (Shingles) | Siding: Brick, Cedar, #OTHER | Foundation: Concrete | Floors: Hardwood

Garage & Parking

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

Lot

Lot Dimensions: 31 X 521 X 350 X 199 X 419 | Lot range: 2.0-2.99 Acres | Lot Features: Cul de Sac, Forest Preserve Adjacent, Nature Preserve Adjacent, Wooded

Location

County: Mc Henry | Subdivision: FAWN RIDGE | Real Estate Area: Cary / Oakwood Hills / Trout Valley | Directions: Crystal Lk Ave to Valley View to North Park (becomes Fawn Ridge) straight to home at end. NO SIGN | MLS #: 10364870

Community

Condo Maintenance: Insurance, #OTHER | HOA Dues: $198/ Annual

Appliances

Appliances: Microwave, Dishwasher, High End Refrigerator, Washing Machine, Dryer, Cooktop, Oven/Built-in, Range Hood, Water-Softener Owned

Heating & Cooling

Air Conditioning: Central Air, Humidifier | Heating: Gas, Forced Air | Fireplaces: 1, Wood

Utilities & Security

Utilities: Electricity - Circuit Breakers, Electricity - 200+ Amp Service, Cable | Sewer Service: Septic-Private | Water Source: Well - Private | Safety and Security: Carbon Monoxide Detector

Accessibility

Accessibility: #NONE

School

Elementary School: PRAIRIE GROVE ELEMENTARY SCHOOL | Middle School: PRAIRIE GROVE JUNIOR HIGH SCHOOL | High School: PRAIRIE RIDGE HIGH SCHOOL

Owners.com Estimated Value

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Local Insights

Listing provided by: Mary Opfer 

Listing courtesy of: RE/MAX Unlimited Northwest |  (815) 455-5700 

Tools for buyers

Data provided by: Midwest Real Estate Data LLC
Last detected update: August 16, 2019 10:19AM 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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