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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
55 Radcliffe Rd
Weston, MA 02493
6 Beds
8 Baths
7,653 ft2
$2,670,000
Owners.com Estimate:
Estimated Payment:$10,026/mo

6-Bedroom Southside estate with exceptionally private, vast, and level backyard

Two story foyer opens to living room and dining room and a library with custom built cabinets. Soaring ceilings in an open kitchen/family room with dramatic field stone fireplace, eat-in area and a pantry with wine cooler. First floor guest suite. Mud room and three car garage. Master suite with two walk-in closets and spacious bathroom, 4 additional bedrooms with 3 bathrooms and laundry complete the second floor. Finished lower level features large media room, exercise room, two full baths, and a 1,500 bottle wine cellar with separate tasting area. The beautifully landscaped grounds, with exquisite specimen trees, shrubs, and stone walls are completed with a grand pillared entrance, circular drive. Convenient to top ranked Weston Public Schools, Rivers School and Music Conservatory.

Property type
Single Family Home
Year built
2001
Parking
20Driveway - Pavers, Off Street
Price/Sqft
$349
MLS #
72492253
Lot Size
60112 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: 6 | Room Types: Exercise Room | Basement: true, Full, Finished, Interior Access, Garage in Basement, Concrete Floor

Bathrooms

# of Full Bathrooms: 7
# of Half Bathrooms: 1

Interior

Features: Decorative Lighting, Screens

Exterior

Features: Deck, Gutters | Irrigation: Sprinkler(s)

Building

Property Types: Single Family Home | Year Built: 2001 | Architecture: Colonial, Shingle | Construction: Frame | Roof: Asphalt/Fiberglass Shingles | Siding: Clapboard, Brick | Foundation: Poured Concrete | Floors: Tile, Marble, Hardwood | Windows: Insulated

Garage & Parking

Parking: Driveway - Pavers, Off Street, 20 | Garage: Attached, Garage Door Opener, Side Entry, Insulated

Lot

Lot size: 1.38 acres | Lot size: 60112 sqft | Lot Features: Corner Lot, Level | Zoning: Res A

Location

County: Middlesex | Directions: Beaver Rd. to Radcliffe Rd. | MLS #: 72492253

Appliances

Appliances: Wall Oven, Countertop Range, Vent Hood

Heating & Cooling

Air Conditioning: Central Air | Heating: Central Forced Air Heating, Gas | Fireplaces: 4

Utilities & Security

Utilities: Electricity - 200 Amps, Cable - Available / In Street, Connection for Gas Range, Connection for Electric Oven, Connection for Washer Hookup | Sewer Service: Private Sewerage | Water Source: Public Supply | Safety and Security: Security System

School

Elementary School: Country/Wood | Middle School: Weston Middle | High School: Weston High

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: Chaplin Partners 

Listing courtesy of: Compass |  (617) 206-3333 

MLS Property Information Network

Tools for buyers

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