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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
198 days on Owners.com
1128 Providence Ln
Lexington, KY 40502
3 Beds
5 Baths
2,805 ft2
$395,000
Owners.com Estimate:
Estimated Payment:$1,483/mo
HOA:$100, Monthly

This is a spacious brick townhome in popular Chevy Chase which is convenient to UK, hospitals, downtown, shopping, dining, parks and just about everything! The home is in immaculate condition with gleaming real hardwood floors, 9 ft ceilings, plenty of natural light because it is an end unit, French doors leading to a private courtyard, a fireplace in the great room, and quartz countertops in the gorgeous kitchen

The second floor features a large master bedroom with en suite bath and a small balcony. There is a second bedroom also with private bath. The second bedroom contains the stairway to the third level which has a third bedroom,a half bath and two skylights that open.The finished lower level has windows for natural light, a laundry room, a fourth bedroom with full bath, and a family room with fireplace. Parking is provided in the garage just outside your courtyard. If a townhome is what you want, look no further.

Property type
Townhome
Structure
2 1/2 Story
Year built
1988
Parking
1 Car Detached, Garage Door Opener, Garage - Remote Control
Price/Sqft
$141
MLS #
1909311
Lot Size
2966 sqft
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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: Basement, Foyer, Family Room, Great Room | Basement: Full, Finished, No Exterior Entrance, Windows

Bathrooms

# of Full Bathrooms: 3
# of Quarter Bathrooms: 0
# of Half Bathrooms: 2
# of Three Quarter Bathrooms: 0

Interior

Features: Ceiling - Fan(s), Skylight(s)

Exterior

Features: Patio, Deck

Building

Property Types: Townhome, Residential | Year Built: 1988 | Structure: 2 1/2 Story | Architecture: Townhome | Construction: Brick Veneer | Roof: Composition, Shingle - Composition | Foundation: Poured Concrete | Floors: Wood - Hard, Carpet, Tile | Windows: Insulated Glass, Window Screens, Furnished - Blinds

Garage & Parking

Parking: 1 Car Detached, Garage Door Opener, Garage - Remote Control | Garage: true

Lot

Lot size: 0.07 acres | Lot size: 2966 sqft

Location

County: Fayette | Neighborhood: Fayette County SE 3 | Subdivision: Chevy Chase | Directions: Take Tates Creek Road to Chevy Chase, Turn onto Providence Lane beside Morton Middle School. The home is located on the right across from Christ the King Church. It is near the corner of Providence and Duke Road. | MLS #: 1909311

Community

Condo Maintenance: Common Area Maint. | HOA Dues: $100/ Monthly

Appliances

Appliances: Range, Microwave, Dishwasher, Disposal, Refrigerator, Washing Machine, Dryer, Water Heater - Gas

Heating & Cooling

Air Conditioning: Electric Air Filter | Heating: Gas, Electric, Forced Air | Fireplaces: Masonry, Woodburning

Utilities & Security

Sewer Service: Sewer - Public | Water Source: City

School

School District: Fayette County | Elementary School: Cassidy | Middle School: Morton | High School: Henry Clay

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

School Information

Property History & Valuation

Local Insights

Listing provided by: Ron Griffee 

Listing courtesy of: Berkshire Hathaway de Movellan |  (859) 266-0451 

Tools for buyers

Data provided by: Lexington - Bluegrass Association of REALTORS®
Last detected update: August 26, 2019 11:45AM EST ~ Verified on November 09, 2019 07:05PM 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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