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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: Jerome Maben 

Listing courtesy of: Century 21 Town & Country-Troy |  (248) 524-1600 

ACTIVE
202 days on Owners.com
494 Timbermill Ln
Marion Twp, MI 48843
3 Beds
3 Baths
3,428 ft2
$434,900
Owners.com Estimate:
Estimated Payment:$1,633/mo

Welcome to a custom built, Brick colonial home on almost 1 acre premium elevated private rear treed lot

3 car side entry garage and exterior w/premium energy efficient vinyl windows & door walls. Experience a suburban residence in a prof designed neighborhood of homes w/ great curb appeal, picturesque designed landscaping, select shrubbery/boulders, flowing lawn w/ sprinklers. Impeccable interior includes 2 story hardwood flooring high ceiling foyer. It transitions into a vaulted ceiling great rm w/ custom stone gas fireplace. Elegant main flr mstr ste/ master bath & WIC. Hardwood floored formal dining rm flows into hardwood floored kitchen w/ premium granite island complete w/professional Viking cooktop. A baker's delight includes double wall oven & microwave. To complete the main flr design is a hardwood floored powder rm. 2nd floor features a large bonus rm suitable for a 4th bdrm. To finalize the floor plan a lower lvl part finished bsmt walkout w/rec rm & high ceiling. WOW!

Property type
Residential
Structure
Two Story
Year built
2002
Parking
Garage - Attached, Garage Door Opener, Garage - Electricity, Garage - Side Entry, Garage - Three
Price/Sqft
$127
MLS #
219039514
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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: 3
Virtual Tour: virtual tour | Basement: true, Finished - Partial, Walk Out

Bathrooms

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

Interior

Features: Ceiling - Fan(s), ENERGY STAR Qualified Exhaust Fan(s), ENERGY STAR Qualified Light Fixture(s), Humidifier, Programmable Thermostat

Exterior

Features: Outside Lighting, Deck, Porch | Pool: false

Building

Property Types: Residential | Year Built: 2002 | Structure: Two Story | Architecture: Colonial | Roof: Composition, ENERGY STAR Shingles | Siding: Brick, Vinyl | Foundation: Basement, Poured | Windows: ENERGY STAR Qualified Window(s)

Garage & Parking

Parking: Garage - Attached, Garage Door Opener, Garage - Electricity, Garage - Side Entry, Garage - Three | Garage: true

Lot

Lot Dimensions: 141.59X141.59x282.08x282.08 | Lot size: 0.92 acres | Lot Features: Easement, Wooded

Location

County: Livingston | Subdivision: THE TIMBERS SITE CONDO | Real Estate Area: Marion Twp | Directions: South off Norton Rd | MLS #: 219039514

Community

Appliances

Appliances: Dishwasher, Disposal, Dryer, ENERGY STAR qualified dishwasher, Microwave, Refrigerator, Stove, Washing Machine, ENERGY STAR Qualified Water Heater, Water Heater - Natural Gas

Heating & Cooling

Air Conditioning: Central Air, ENERGY STAR Qualified A/C Equipment, ENERGY STAR Qualified Ceiling Fan(s) | Heating: ENERGY STAR Qualified Furnace Equipment, Forced Air, High Efficiency Sealed Combustion, Zoned, Gas | Fireplaces: true, EPA Qualified Fireplace, Natural

Utilities & Security

Utilities: High Spd Internet Avail, Utility Smart Meter | Sewer Service: Sewer-Sanitary | Water Source: Municipal Water | Safety and Security: Carbon Monoxide Detector

School

School District: Howell

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 26, 2019 01:56PM 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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