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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
303 Gale Ave
River Forest, IL 60305
3 Beds
3 Baths
-- ft2
$499,000
Owners.com Estimate:
Estimated Payment:$1,874/mo

Don't miss your chance to own in one of the best locations in River Forest! A fun block just a short walk from popular Keystone Park and Metra station for your downtown Chicago commute

Spacious traditional 2-story home on beautiful tree-lined street, with large backyard. Walk in the front door to detailed architectural features. Entertain in the large living room with spacious sun room letting in great natural light. Host dinner parties in separate, formal dining room, that could one day be opened to kitchen. Kitchen is modestly updated with stone counter tops, desk, and brand new, 2019 SS appliances. Walk out of kitchen to convenient mud room leading to the backyard. 2nd floor has extra-large master bedroom with space to add ensuite master bath, 2 additional generous bedrooms, and full bathroom. Enjoy extra living space in the basement with laundry room, rec area and additional space for craft/work area or kids playroom.

Property type
Single Family Home
Structure
Two Story
Year built
1916
Parking
Garage
Price/Sqft
-
MLS #
10364447
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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
Virtual Tour: virtual tour | Room Types: Den, Recreation | Basement: false, Finished - Partial, Exterior Access

Bathrooms

# of Full Bathrooms: 2
# of Half Bathrooms: 1

Interior

Features: Addtl Room 1 Flooring - Hardwood, Addtl Room 1 Window Treatments - Blinds, Addtl Room 2 Flooring - Carpet, Hardwood Floors in Living Room, Living Room Window -Blinds

Exterior

Features: Fenced Yard

Building

Property Types: Single Family Home | Year Built: 1916 | Structure: Two Story | Siding: Cedar, Frame | Foundation: Concrete | Floors: Hardwood

Garage & Parking

Parking: Garage | Garage: Garage Door Opener(s), Transmitter(s), Detached

Lot

Lot Dimensions: 50 X 188 | Lot range: Less Than .25 Acre

Location

County: Cook | Real Estate Area: River Forest | Directions: Lake St to Keystone, south on Keystone, right to Gale, left on Gale to 303 Gale | MLS #: 10364447

Community

Condo Maintenance: #NONE

Heating & Cooling

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

Utilities & Security

Sewer Service: Sewer-Public

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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Price
Source: County(Public) Records

School Information

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Local Insights

Listing provided by: Brittany Wrenn 

Listing courtesy of: @properties |  (312) 506-0200 

Tools for buyers

Data provided by: Midwest Real Estate Data LLC
Last detected update: October 27, 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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