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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."
SOLD
Sold in 57 days
50 Grove St
Douglas, MA 01516
4 Beds
4 Baths
2,745 ft2
Sold for
$455,000
Owners.com Estimate:
Estimated Payment:$1,727/mo

Just in time for summer! Enjoy the summer breeze either from your full length Farmers Porch or the awesome in-ground pool! Located on a country road this 4 bedroom Colonial sits perfectly on the 2+ acre lot

Featuring wood flooring throughout the first floor, a custom cabinet packed kitchen with pull out draws, granite countertops and peninsula, recessed lighting, ss appliances, a large dining area which flows into the family room with wood flooring and a beautiful fireplace with pellet stove insert. The formal dining room has wood floors, chair railing, and crown moldings. The formal living room has gleaming wood floors. The second floor features a large master bedroom with a walk-in closet and a full bath with shower stall and large jetted tub, and 3 other good size bedrooms. Also on the 2nd floor is the media room with over head projector and large screen. We haven't even gotten to the outside with an in-ground pool, stamped concrete patio and so much more! This is a must see home!

Property type
Single Family Home
Year built
1996
Parking
10Driveway - Pavers, Off Street
Price/Sqft
$168
MLS #
72491589
Lot Size
90170 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: 4 | Room Types: Family Room - Fireplace, Family Room - Wood / Coal / Pellet Stove, Hardwood Floors in Family Room, Bathroom | Basement: true, Full, Bulkhead, Radon Remediation System, Unfinished

Bathrooms

# of Full Bathrooms: 3
# of Half Bathrooms: 1

Interior

Features: Sump Pump, Screens, Central Vacuum, Bar - Wet Bar, Whole House Fan, Hardwood Floors in Living Room

Exterior

Features: Porch, Patio, Pool - In Ground, Gutters, Shed

Building

Property Types: Single Family Home | Year Built: 1996 | Architecture: Colonial | Construction: Frame | Roof: Asphalt/Fiberglass Shingles | Siding: Vinyl | Foundation: Poured Concrete | Floors: Wood, Tile, Vinyl, Carpet - Wall-to-wall, Hardwood | Windows: Insulated

Garage & Parking

Parking: Driveway - Pavers, Off Street, 10 | Garage: Attached, Garage Door Opener

Lot

Lot size: 2.07 acres | Lot size: 90170 sqft | Lot Features: Cleared, Level | Zoning: RA

Location

County: Worcester | Directions: West Street to Grove | MLS #: 72491589

Appliances

Appliances: Range, Dishwasher, Microwave, Refrigerator, Water Heater - Tank, Water Heater - Separate Booster

Heating & Cooling

Heating: Steam or Hot Water Heating, Propane | Fireplaces: 1

Utilities & Security

Utilities: Electricity - Circuit Breakers, Cable - Available / In Street, Connection for Electric Range, Connection for Electric Oven, Connection for Electric Dryer, Connection for Washer Hookup, Connection for Icemaker Connection | Sewer Service: Private Sewerage | Water Source: Private

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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Local Insights

Listing provided by: Susan Dicks 

Listing courtesy of: ERA Key Realty Services |  (508) 234-0550 

MLS Property Information Network

Tools for buyers

Data provided by: MLS Property Information Network
Last detected update: June 28, 2019 06:12AM EST ~ Verified on November 15, 2019 06:19AM 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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