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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
202 days on Owners.com
319 Glen Meadow Rd
SWANTON, MD 21561
5 Beds
4 Baths
3,854 ft2
$589,900
Owners.com Estimate:
Estimated Payment:$2,215/mo
HOA:$653, Annually

Now listed: Absolutely stunning lake access home, known as "Mountain Lodge"! The first floor features a beautiful Great Room with a fireplace and many windows that allow in the natural light

This floor has an open floor plan which includes the kitchen, dining alcove, and master bedroom with en suite and fireplace. The second floor offers a loft overlooking the Great Room, which would make a good reading nook, in addition to three bedrooms and a full bathroom. Highlights of the spacious lower level include a game room containing a full-sized pool table and air hockey table, sitting area with fireplace and a TV alcove, as well as another master bedroom with an en suite and fireplace. Sliding doors lead out to the hot tub. A large, detached one car garage is located behind the house. Just imagine relaxing and watching the sunset on the large front deck or enjoying the warmth of the fire pit on a cool evening. The Glenfield community has lake access within walking distance for swimming and boating, as well as a picnic pavilion and restroom facilities. This wonderful home has a strong, established rental history earning approximately $60,000.00 annually. Mountain Lodge is a must see!!

Property type
Residential
Structure
Three or More Stories, Story - Lower 1, Story - Main, Story - Upper 1
Year built
2004
Parking
Driveway - Asphalt
Price/Sqft
$153
MLS #
MDGA130282
Lot Size
43560 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: Living Room, Dining Room, Bedroom(s) - Master, Bedroom 3, Kitchen, Game Room, Bedroom 1, #OTHER, Bathroom 2 | Basement: true, Full, Connecting Stairway, Finished, Outside Entrance, Walkout Level

Bathrooms

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

Interior

Features: Walls - Dry, Walls - Wood

Exterior

Features: Above Grade, Below Grade

Building

Property Types: Residential | Year Built: 2004 | Structure: Three or More Stories, Story - Lower 1, Story - Main, Story - Upper 1 | Architecture: Contemporary, Loft, Detached | Construction: Cedar | Roof: Asphalt | Floors: Hardwood

Garage & Parking

Parking: Driveway - Asphalt | Garage: true

Lot

Lot size: 1.00 acres | Lot size: 43560 sqft | Zoning: LR

Location

County: GARRETT-MD | Subdivision: GLENFIELD | Directions: Take Route 219 Glendale Road. Go approximately 2 miles and turn right on Beckmans Peninsula Rd. Go 0.3 miles and turn left on Glen Meadow Rd. Go approximately 0.3 miles and house is on left. Sign on property. | MLS #: MDGA130282

Community

Condo Maintenance: Common Area Maintenance, Road Maintenance | HOA Dues: $653/ Annually

Appliances

Appliances: Dishwasher, Dryer - Electric, Ice Maker, Stove, Washing Machine, Water Heater, Refrigerator, Microwave, Exhaust Fan

Heating & Cooling

Air Conditioning: Bottled Gas, Central Air | Heating: Forced Air, Radiant | Fireplaces: true, 2

Utilities & Security

Utilities: Hot Water - Electric | Sewer Service: Public Sewer | Water Source: Well

Accessibility

Accessibility: #NONE

School

School District: GARRETT COUNTY PUBLIC SCHOOLS | High School: SOUTHERN HIGH SCHOOL

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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Source: County(Public) Records

School Information

Property History & Valuation

Local Insights

Listing provided by: Tracy D Harvey 

Listing courtesy of: Taylor Made Deep Creek Vacations & Sales 

Bright MLS

Tools for buyers

Data provided by: Bright MLS
Last detected update: May 07, 2019 11:11AM EST ~ Verified on November 04, 2019 08:32PM 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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