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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."

Listing provided by: Carmen V Knick 

Listing courtesy of: The Charles Reinhart Company |  (734) 669-6770 

ACTIVE
198 days on Owners.com
3275 Clover Dr
Lodi Twp, MI 48176
4 Beds
3 Baths
3,003 ft2
$459,000
Owners.com Estimate:
Estimated Payment:$1,724/mo

One step inside this home and you know why this is a one of a kind Lodi Estate home

Estate like double door entry welcomes you into large sun filled foyer,private home office & steps from the magnificent chef's dream kitchen and new flex room addition with expansive 11'window!Designer kitchen features custom cabinetry, 10'granite island,twin tap kegerator,built-in TV cabinet,designer lighting, & s/s appliances open to huge flex rm w/ beamed ceiling currently used as dining/entertaining room with 13 custom buffet,this room would also make a fabulous gathering room.Cozy family room has ceiling to floor brick wood burning fp (insert),built in log storage & beautiful hard wood floors. Well appointed main floor laundry room offers abundance of storage.Designer updated 1/2 bath w/custom inlay ceramic floor! Second floor boasts gorgeous main bath, 3 generous sized bedrooms (one with cedar closet) & dream master suite with professionally renovated spa like bath!The one acre retreat in complet

Property type
Residential
Structure
Two Story
Year built
1967
Parking
Garage - Attached, Garage - Detached, Garage - Electricity, Garage - 2 1/2 Car
Price/Sqft
$153
MLS #
543265010
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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: 4
Virtual Tour: virtual tour | Basement: true

Bathrooms

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

Interior

Features: Ceiling - Fan(s)

Exterior

Features: Deck, Patio, Porch | Pool: false

Building

Property Types: Residential | Year Built: 1967 | Structure: Two Story | Architecture: Colonial | Siding: Brick, Wood | Foundation: Basement, Slab

Garage & Parking

Parking: Garage - Attached, Garage - Detached, Garage - Electricity, Garage - 2 1/2 Car | Garage: true

Lot

Lot size: 0.98 acres

Location

County: Washtenaw | Real Estate Area: (Aa) Saline | Directions: Ann Arbor Saline Rd - Brassow - Harvest - Clover | MLS #: 543265010

Appliances

Appliances: Water Softener (owned), Dishwasher, Disposal, Dryer, Microwave, Stove, Refrigerator, Washing Machine

Heating & Cooling

Air Conditioning: Central Air | Heating: Forced Air, #OTHER, Gas | Fireplaces: true, Natural

Utilities & Security

Utilities: Cable - Available / In Street | Sewer Service: Septic-Existing | Water Source: Well-Existing

School

School District: Saline

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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Data provided by: Realcomp
Last detected update: October 22, 2019 07:44PM EST ~ Verified on November 04, 2019 06:52PM 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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