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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 69 days
159 Weatherbee Dr
Westwood, MA 02090
5 Beds
3 Baths
2,464 ft2
Sold for
$900,000
Owners.com Estimate:
Estimated Payment:$3,564/mo

A rare find in Westwood, gorgeous, center entrance Colonial situated on a beautiful acre lot in one of Westwoods most desirable neighborhoods

Great location, less than 1 miles from two different commuter rail stops. Features a front to back living room, formal dining room,and first floor den. The kitchen is spacious, perfect for entertaining, with a large eat in area and open concept.The family room features a beautiful fireplace,one of the three fireplaces in the home. Five bedrooms , 2 /1/2 baths including master. Outside your family will love relaxing in the expansive private yard. Other features include hardwoods throughout, and the potential for a finished basement . Perfect location for commuters with easy access to highways, Westwood station and bordering surrounding suburbs such as Dedham and Canton.

Property type
Single Family Home
Year built
1969
Parking
8Driveway - Pavers, Off Street
Price/Sqft
$385
MLS #
72492505
Lot Size
40000 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 | Basement: true, Full

Bathrooms

# of Full Bathrooms: 2
# of Half Bathrooms: 1

Exterior

Features: Fenced Yard

Building

Property Types: Single Family Home | Year Built: 1969 | Architecture: Colonial | Construction: Brick | Roof: #OTHER | Siding: Wood | Foundation: Poured Concrete | Floors: Vinyl, Hardwood

Garage & Parking

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

Lot

Lot size: 0.92 acres | Lot size: 40000 sqft | Zoning: Res

Location

County: Norfolk | Directions: Canton Street to Lea to Weatherbee Drive | MLS #: 72492505

Heating & Cooling

Heating: Steam or Hot Water Heating, Gas | Fireplaces: 2

Utilities & Security

Utilities: Connection for Gas Range | Sewer Service: City/Town Sewer | 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: The Jowdy Group 

Listing courtesy of: Gilmore Murphy Realty LLC |  (617) 323-7330 

MLS Property Information Network

Tools for buyers

Data provided by: MLS Property Information Network
Last detected update: July 22, 2019 07:18AM 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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