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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 48 days
39 Nolan Way
Marlborough, MA 01752
3 Beds
4 Baths
2,400 ft2
Sold for
$526,250
Owners.com Estimate:
Estimated Payment:$2,028/mo

MAURO FARMS! Double Cul-de-Sacs! BEAUTIFUL 7yr

Young Contemporary Colonial. SPECTACULAR TRUE OPEN FLOOR PLAN-your wonderful entertaining! C-AC & Gas. Double sided OPEN STAIRCASE to Gas Fireplaced Fam.Rm. Gleaming WIDE HARDWOOD, & Gorgeous Tall Kitchen Cabinetry, GRANITE tops w/8Ft.CTR. ISLE &Breakfast Bar, Soft Close Drawers, 5-Burner Gas Range, Stainless Sink w/Gooseneck Faucet, Middle Cooling Drawer in French Door Refrig, spacious eating Area to Deck, a Pantry, & 20" TILED Flr. diagonally set..Not enough? See the flow to OPEN Dining Rm w/HW too! Convenient 1st.Floor SidebySide Laundry in 1/2 Bathrm. COMFORT HEIGHT BATHRMS! CALIFORNIA KING MASTER BR w/add'l. L-shape area for extras, & 11x9FT. WALK-IN CLOSET w/access to unfin.area/ storage over garage! Large MASTER BATH W/JACUZZI STYLE TUB/SHOWER, Long Double Bowl Vanity, & Linen Closet. Great Queen size BR's 2&3. Lovely FINISHED WALK-OUT LOWER LEVEL (In-Laws/Au pair/College kids/Media?. AMSA Charter/Memorial Beach, T, &more!

Property type
Single Family Home
Year built
2012
Parking
4Driveway - Pavers, Off Street
Price/Sqft
$225
MLS #
72532206
Lot Size
12722 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: Family Room - Fireplace, Hardwood Floors in Family Room, Open Floor Plan - Family Room, Exercise Room | Basement: true, Full, Finished - Partial, Walk Out, Interior Access, Radon Remediation System, Concrete Floor

Bathrooms

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

Exterior

Features: Wood Deck, Gutters, Shed, Stone Wall

Building

Property Types: Single Family Home | Year Built: 2012 | Architecture: Colonial, Contemporary | Construction: Frame | Roof: Asphalt/Fiberglass Shingles | Siding: Vinyl | Foundation: Poured Concrete | Floors: Tile, Carpet - Wall-to-wall, Hardwood | Windows: Insulated

Garage & Parking

Parking: Driveway - Pavers, Off Street, 4 | Garage: Attached, Garage Door Opener, Side Entry

Lot

Lot size: 0.29 acres | Lot size: 12722 sqft | Lot Features: Easements, Sloped, Level | Zoning: res

Location

County: Middlesex | Neighborhood: MAURO FARMS! | Directions: Hildreth to R-Cook Lane to L-Nolan Way. OR Farm Rd. to Cook Lane-R-Nolan Way | MLS #: 72532206

Appliances

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

Heating & Cooling

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

Utilities & Security

Utilities: Electricity - Circuit Breakers, Electricity - 200 Amps, Cable - Available / In Street, Connection for Gas Range, Connection for Gas Oven, Connection for Gas Dryer, Connection for Washer Hookup | Sewer Service: City/Town Sewer | Water Source: Public Supply | Safety and Security: Security System

School

Elementary School: Jaworek | Middle School: MarlbUnionSt | High School: Marlb-BoltonSt

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

Property History & Valuation

Local Insights

Listing provided by: Joyce Torelli 

Listing courtesy of: ERA Key Realty Services - Distinctive Group |  (508) 303-3434 

MLS Property Information Network

Tools for buyers

Data provided by: MLS Property Information Network
Last detected update: August 27, 2019 09:44AM EST ~ Verified on November 09, 2019 07:03PM 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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