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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
200 days on Owners.com
19752 Halwood Rd
Glenwood, MN 56334
6 Beds
7 Baths
12,150 ft2
$3,890,000
Owners.com Estimate:
Estimated Payment:$14,607/mo

Private and Secluded

End of the road location is a feature of this architecturally designed lakeside estate. Impeccably sited on spacious and secluded grounds w/sugar sand shoreline. The executive residence features breathtaking views, 12,000+ SF of discerningly finished and thoughtful space featuring 6 BRs, 7 Baths, plus beautiful carriage house w/ guest suite. A contemporary and classic Work of Art! $3,890,000

Property type
Single Family Home
Structure
Three Story
Year built
2005
Parking
Driveway - Pavers, Garage Door Opener, Garage - Attached, Garage - Detached
Price/Sqft
$320
MLS #
10-27050
Lot Size
12150 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: 6 | Basement: Concrete Block, Full

Bathrooms

# of Full Bathrooms: 5
# of Quarter Bathrooms: 0
# of Half Bathrooms: 2
# of Three Quarter Bathrooms: 0

Interior

Features: Ceiling - Fan(s), Wired - Ethernet, Hot Tub / Spa, Sauna, Bar - Wet Bar, Air to Air Exchange, Vacuum - Central, Sump Pump

Exterior

Features: Hot Tub / Spa, Patio, Permnt Outdoor Grill, Sauna / Steam | Irrigation: In-Grnd Sprklr Sys

Building

Property Types: Single Family Home | Year Built: 2005 | Structure: Three Story | Architecture: SF Single Family | Construction: Frame - Wood | 3 floor | Roof: Metal | Siding: Stone, Stucco | Floors: Wood - Hard, Tile

Garage & Parking

Parking: Driveway - Pavers, Garage Door Opener, Garage - Attached, Garage - Detached

Lot

Lot Dimensions: 4.22 | Lot size: 1.86 acres | Lot size: 12150 sqft | Lot Features: Irregular Lot, Landscaped, Tree Coverage-Medium

Location

County: Pope | Directions: From Glenwood S on Hwy 104 to CR 17, S on CR 17 to Halwood Rd Swly on Halwood Rd to the end of Road | MLS #: 10-27050

Appliances

Appliances: Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan/Hood, Freezer, Microwave, Range/Stove, Refrigerator, Wall Oven, Washing Machine, Water Softener - Own

Heating & Cooling

Air Conditioning: Central Air | Heating: Natural Gas, Boiler, Fireplace, Forced Air | Fireplaces: true, Gas

Utilities & Security

Utilities: Cable | Sewer Service: Sewer - Private | Water Source: Private | Safety and Security: Security System

School

School District: Minnewaska #2149

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

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Local Insights

Listing provided by: Gregory Swartz 

Listing courtesy of: Swartz Brothers Associates, Inc |  (877) 239-2375 

Greater Alexandria Area Association of REALTORS®

Tools for buyers

Data provided by: Greater Alexandria Area Association of REALTORS®
Last detected update: June 05, 2019 05:18AM EST ~ Verified on November 05, 2019 07:15PM 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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