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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 225 days
48 Water St Unit 314
Worcester, MA 01604
2 Beds
3 Baths
1,250 ft2
Sold for
$282,000
Owners.com Estimate:
Estimated Payment:$1,059/mo
HOA:$575, Monthly

Welcome to the beautifully restored Canal Lofts located in Worcester's increasingly popular Canal District

Once home to the W.H. Hill Envelope Company, the Canal Lofts are now ready to be home to you! 1 and 2 bedroom lofts are available featuring beautiful exposed brick, wide-plank flooring, soaring ceilings and luxurious kitchens & baths. The building has secure entry, elevator service, a community room and fitness center. Just outside your door the best of Worcester is waiting to be enjoyed! And, did we mention you're under a minute from the highway and just a short walk to the trains at Union Station! We can go on and on about these unique lofts and the quality of life that come with them, but we'd prefer to show you around. Contact us today to schedule a private tour.*Photos depict a model unit*

Property type
Condominium
Year built
1890
Parking
1Off Street
Price/Sqft
$226
MLS #
72255685
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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: 2 | Basement: false

Bathrooms

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

Exterior

Pool: false

Building

Property Types: Condominium, Loft | Year Built: 1890 | Architecture: Mid-Rise, Loft | Construction: Brick, Post & Beam | Siding: Brick | Floors: Engineered Hardwood

Garage & Parking

Parking: Off Street, 1

Lot

Zoning: Res

Location

County: Worcester | Directions: Contact | MLS #: 72255685

Community

Condo Maintenance: Heat, Hot Water, Water, Sewer, Master Insurance, Security, Elevator, Exterior Maintenance, Snow Removal, Exercise Room, Clubroom, Refuse Removal, Reserve Funds | HOA Dues: $575/ Monthly

Appliances

Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washing Machine, Dryer

Heating & Cooling

Air Conditioning: Central Air | Heating: Forced Air | Fireplaces: 0

Utilities & Security

Utilities: Cable - Available / In Street, Connection for Electric Range, Connection for Electric Oven, Connection for Electric Dryer, Connection for Washer Hookup, Connection for Icemaker Connection | Sewer Service: City/Town Sewer | Water Source: City/Town Water

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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Price History

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Price
Source: County(Public) Records

School Information

Property History & Valuation

Local Insights

Listing provided by: Jonathan Keith 

MLS Property Information Network

Tools for buyers

Data provided by: MLS Property Information Network
Last detected update: June 29, 2018 08:06AM EST ~ Verified on October 14, 2019 11:16AM 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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