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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
147 Mossman Rd
Sudbury, MA 01776
5 Beds
4 Baths
3,558 ft2
$999,000
Owners.com Estimate:
Estimated Payment:$3,751/mo

Stately and pristine colonial in coveted North Sudbury

Far back off the road, on a park like setting with gardens and a sweeping front lawn is this 5 bedroom home. Two story foyer greets you, living room and dining room with fireplace, great for entertaining, custom cherry kitchen with island, family room with cathedral ceiling, fireplace and sitting room/play room. First floor laundry and over sized 3 car garage. Upstairs master suite with cathedral ceiling, private master bath and large walk in closet. Four more bedrooms upstairs including one that is en suite. Outside yard great for entertaining with deck and gorgeous yard. Very easy access to Rt. 2, Rt. 117, the commuter rail, Haynes School, Lincoln Sudbury Regional High School, great shopping and restaurants too! Roof (2005), Trane Furnace (2011), Trane AC condensers (2011), Deck (2011), Hot water tank (2015)

Property type
Single Family Home
Year built
1993
Parking
8Driveway - Pavers, Off Street
Price/Sqft
$281
MLS #
72493096
Lot Size
114923 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: 5 | Room Types: Family Room - Fireplace, Hardwood Floors in Family Room, Family Room - Recessed Lighting, Office | Basement: true, Full

Bathrooms

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

Interior

Features: Screens, Central Vacuum, Living Room - Fireplace, Hardwood Floors in Living Room

Exterior

Features: Deck | Irrigation: Sprinkler(s)

Building

Property Types: Single Family Home | Year Built: 1993 | Architecture: Colonial | Construction: Frame | Roof: Asphalt/Fiberglass Shingles | Siding: Clapboard | Foundation: Poured Concrete

Garage & Parking

Parking: Driveway - Pavers, Off Street, 8 | Garage: Attached, Garage Door Opener

Lot

Lot size: 2.64 acres | Lot size: 114923 sqft | Lot Features: Wooded | Zoning: res

Location

County: Middlesex | Directions: Rt. 11t to Mossman OR Concord Road to Morse Marlboro to Mossman | MLS #: 72493096

Appliances

Appliances: Wall Oven, Dishwasher, Trash Compactor, Microwave, Countertop Range, Refrigerator, Washing Machine, Dryer, Water Heater - Natural Gas

Heating & Cooling

Air Conditioning: Central Air | Heating: Forced Air, Gas | Fireplaces: 2

Utilities & Security

Utilities: Electricity - 200 Amps | Sewer Service: Private Sewerage | Water Source: Public Supply | Safety and Security: Security System

School

Elementary School: Haynes | Middle School: Curtis Jr High | High School: Lincoln Sudbury

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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School Information

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Local Insights

Listing provided by: Laura Semple 

Listing courtesy of: Coldwell Banker Residential Brokerage - Sudbury |  (978) 443-9933 

MLS Property Information Network

Tools for buyers

Data provided by: MLS Property Information Network
Last detected update: October 14, 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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