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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’s operations. The Company believes that closing 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.

" 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 is in Altisource’s best interests given the time horizon and level of additional investments needed in order for to operate independently. I am proud of the very talented and dedicated team and want to thank them for their contributions."
196 days on
1858 Kennebago River Road
Stetsontown Twp, ME 04970
4 Beds
4 Baths
2,578 ft2
$1,300,000 Estimate:
Estimated Payment:$4,882/mo

All-seasons retreat in Maine's iconic fly-fishing only waters of Kennebago

Featuring sweeping views of West Kennebago Mountain, Kennebago range and the Kennebago logans. Meticulously built in 2001, the Lodge at Kennebago was designed and built by a local Rangeley Lakes Region builder. The property is set on 1.06 acres, with a private gate. This home offers modern conveniences in a remote setting. The long enclosed porch connecting the main lodge to the self sufficient guest cabin features 11 classic rocking chairs plus a large dining table for warm summer nights. A rare, separate two car garage with full unfinished room above allows for ample storage of boats, trailers, cars and more. Backup commercial grade generator. Kennebago is located within 30 minutes of downtown Rangeley offering dining, shopping, and entertainment. Adjacent lot with panoramic water and mountain views is available for additional privacy and possible expansion of the compound.

Property type
Single Family Home
Year built
#OTHER, 2 Car, Detached Parking, Storage, 5 - 10 Spaces
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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


Bedrooms: 4 | Basement: Bulkhead, Partial, Walk Out


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


Features: One-Floor Living, Security System, Walk In Closets


Features: Satellite Dish, Deck, Fence, Out Building, Porch, Porch - Screened


Property Types: Single Family Home | Year Built: 2001 | Architecture: Camp, Other Style, Shingle Style | Construction: Post & Beam, Frame - Wood | Roof: Metal | Siding: Shingle Siding | Foundation: Poured Concrete | Floors: Wood

Garage & Parking

Parking: #OTHER, 2 Car, Detached Parking, Storage, 5 - 10 Spaces | Garage: false


Lot size: 1.06 acres | Lot Features: Level, Wooded | Zoning: P-GP


County: Franklin | MLS #: 1412103


Appliances: Dishwasher, Disposal, Range - Gas, Microwave, Refrigerator, Washing Machine, Water Heater - Gas

Heating & Cooling

Air Conditioning: #NONE | Heating: Direct Vent Heater, Stove Heater, Gas Heating (Bottled), Wood | Fireplaces: 2

Utilities & Security

Utilities: Internet Access Available, Electric - Circuit Breakers, Gas Utilities (Bottled) | Sewer Service: Sewer - Private | Water Source: Private Estimated Value

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Source: County(Public) Records

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Listing courtesy of: RE/MAX By The Bay 

Tools for buyers

Data provided by: Maine Real Estate Information System, Inc.
Last detected update: July 22, 2019 03:59AM EST ~ Verified on November 04, 2019 09:12PM 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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