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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
40 Marbleridge Rd
North Andover, MA 01845
4 Beds
4 Baths
5,364 ft2
$1,159,000
Owners.com Estimate:
Estimated Payment:$4,352/mo

Must see private custom-built contemporary located off Great Pond Road in Castlemere neighborhood

Glistening in sunlight from windows & skylights. Spectacular chefs kitchen with, Sub-Zero refrigerator, Viking range with 6 burners & gas grill, Wolf duel ovens, Miele dishwasher, 13 ft island, custom cherry cabinets, wet bar, granite counters & backsplash. Spacious dining room w/window seat flanked by custom china cabinets. Formal Living room w/fireplace. Game Room/Home Theater or potential in-law. Tongue & Groove ceiling Sunroom. Step up to 3 bedrooms & full bath and up another level to the Master Suite w/gas fireplace, sitting area, walk-in closet, French doors leading to private study. Master bath w/custom limestone and luxurious spa amenities including a steam shower, jacuzzi jetted tub. Family room w/granite stone fireplace & wall of windows with French door leading out to heated gunite pool & spa, the perfect outdoor setting for relaxing or entertaining at your own private resort!

Property type
Single Family Home
Year built
1984
Parking
6Driveway - Pavers, Off Street
Price/Sqft
$216
MLS #
72492451
Lot Size
52272 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 - Bathroom - Half, Family Room - Fireplace, Family Room - Closet, Family Room - Closet/Cabinets - Custom Built, Family Room - Flooring - Wall to Wall Carpet, Family Room - French Doors, Family Room - Cable Hookup, Family Room - High Speed Internet Hookup, Family Room - Recessed Lighting, Great Room | Basement: true, Full, Finished - Partial, Garage in Basement, Concrete Floor

Bathrooms

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

Interior

Features: Decorative Lighting, Central Vacuum, Sauna/Steam/Hot Tub, Bar - Wet Bar, Wired for Surround Sound, Living Room - Fireplace, Living Room - Flooring - Wall to Wall Carpet, Living Room - Window(s) - Bay/Bow/Box, Living Room - Main Level, Living Room - Recessed Lighting

Exterior

Features: Deck, Composite Deck, Patio, In Ground Pool, Cabana, Hot Tub / Spa, Fenced Yard, Garden, Stone Wall | Irrigation: Sprinkler(s)

Building

Property Types: Single Family Home | Year Built: 1984 | Architecture: Contemporary | Construction: Frame, Conventional (2x4-2x6) | Roof: Asphalt/Composition Shingles | Siding: Wood | Foundation: Poured Concrete | Floors: Wood, Tile, Carpet - Wall-to-wall, Hardwood, Stone / Slate | Windows: Insulated

Garage & Parking

Parking: Driveway - Pavers, Off Street, 6 | Garage: Attached, Under, Garage Door Opener, Storage, Work Area, Insulated, Oversized Garage

Lot

Lot size: 1.20 acres | Lot size: 52272 sqft | Lot Features: Wooded | Zoning: R1

Location

County: Essex | Neighborhood: Castlemere, Near No. Andover Country Club | Real Estate Area: Marble Ridge Station | Directions: Old Center to Great Pond, bare right onto Marbleridge Road | MLS #: 72492451

Appliances

Appliances: Range, Wall Oven, Dishwasher, Disposal, Microwave, Indoor Grill, Countertop Range, Refrigerator, Freezer, Refrigerator - Wine Storage, Vacuum System, Vent Hood, Water Heater - Oil

Heating & Cooling

Air Conditioning: Central Air | Heating: Steam or Hot Water Heating, Oil | Fireplaces: 3

Utilities & Security

Utilities: Electricity - 110 Volts, Electricity - 220 Volts, Cable - Available / In Street, Connection for Gas Range, Connection for Gas Oven, Connection for Electric Dryer, Connection for Washer Hookup | Sewer Service: City/Town Sewer | Water Source: Public Supply | Safety and Security: Security System

School

Elementary School: Franklin | Middle School: NAMS | High School: NAHS

Owners.com Estimated Value

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Local Insights

Listing provided by: Gregory Afarian 

Listing courtesy of: Afarian Realty Corp |  (978) 688-1717 

MLS Property Information Network

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Data provided by: MLS Property Information Network
Last detected update: September 26, 2019 11:05PM 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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