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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
195 days on Owners.com
29 Wachusett Ave
Shrewsbury, MA 01545
4 Beds
2 Baths
1,966 ft2
$390,000
Owners.com Estimate:
Estimated Payment:$1,464/mo

Buyer financing blew up at the 11th hour!! Their loss is your gain

Looking for a solid Colonial in Shrewsbury to make your own? Eight rooms, four bedrooms, 1 baths. Two car attached garage. Level lot. Great neighborhood setting. Access to Rte. 290 in minutes!! Super commuter location. First floor features an older eat-in kitchen w/granite countertops, front to back living room w/fireplace, dining room, family room w/gas stove and a half bath. Second floor layout includes four bedrooms and a full bath. Loads of hardwood flooring throughout. New electrical service. Full, unfinished basement.

Property type
Single Family Home
Year built
1971
Parking
4Driveway - Pavers, Off Street
Price/Sqft
$198
MLS #
72492414
Lot Size
26647 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 | Basement: true, Full, Interior Access, Bulkhead, Radon Remediation System, Concrete Floor, Unfinished

Bathrooms

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

Interior

Features: Screens, Living Room - Fireplace, Living Room - Flooring - Wall to Wall Carpet

Exterior

Features: Porch

Building

Property Types: Single Family Home | Year Built: 1971 | Architecture: Colonial | Construction: Frame | Roof: Asphalt/Fiberglass Shingles | Siding: Clapboard, Wood | Foundation: Poured Concrete | Floors: Wood, Tile, Carpet - Wall-to-wall, Hardwood | Windows: Insulated

Garage & Parking

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

Lot

Lot size: 0.61 acres | Lot size: 26647 sqft | Lot Features: Wooded, Level | Zoning: RES A

Location

County: Worcester | Directions: Boylston St (Rte 140) to Wachusett Ave | MLS #: 72492414

Appliances

Appliances: Range, Dishwasher, Disposal, Refrigerator, Washing Machine, Dryer, Water Heater - Oil, Water Heater - Tankless

Heating & Cooling

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

Utilities & Security

Utilities: Electricity - Circuit Breakers, Electricity - 100 Amps, Cable - Available / In Street, Connection for Electric Range, Connection for Electric Oven, Connection for Electric Dryer, Connection for Washer Hookup | Sewer Service: Private Sewerage | Water Source: Public Supply

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: Michael Deluca 

Listing courtesy of: Coldwell Banker Residential Brokerage - Worcester - Park Ave. |  (508) 795-7500 

MLS Property Information Network

Tools for buyers

Data provided by: MLS Property Information Network
Last detected update: September 27, 2019 11:05PM 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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