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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
199 days on Owners.com
2020 Lynn Ln
Victor, MT 59875
3 Beds
3 Baths
3,719 ft2
$640,000
Owners.com Estimate:
Estimated Payment:$2,403/mo
HOA:$0, None

Beautiful 3719 sf Cedar Sided Home in the Mountains of Western Montana

Centrally located in the Bitterroot Valley, on secluded 20 ac thinned forest with views. Well maintained 3 bd, 3 ba home has many custom features including oak floors, in-floor radiant heat, remote control window shades, handmade stair rails, and propane hookup for barbecue. Main floor Master Suite has large walk-in closet, jetted tub and walk-in shower. The Designer Kitchen is a cooks dream with built-in ovens, convenient pantry and custom spice rack. Walk-out basement has large windows that let in amazing light affording a great view of wildlife mozying by. Both guest bedrooms have walk-out sliding doors! A cold room/wine cellar and large workshop with double doors to lower garage add to this well designed home.

Property type
Single Family Home
Year built
2002
Parking
Garage - Attached, Garage - Automatic Opener
Price/Sqft
$172
MLS #
21905917
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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 | Room Types: Bedroom(s) - Main Floor Master | Basement: Daylight, Full, Finished, Walk Out

Bathrooms

# of Full Bathrooms: 2
# of Half Bathrooms: 1
# of Three Quarter Bathrooms: 0

Interior

Features: Vacuum - Central, Fireplace, Jetted Bathtub, Ceiling - Vaulted

Exterior

Features: Deck, No Fence, Satellite Dish

Building

Property Types: Single Family Home | Year Built: 2002 | Construction: Frame - Wood | Roof: Metal | Siding: Cedar | Foundation: Poured Concrete | Windows: Window Treatment

Garage & Parking

Parking: Garage - Attached, Garage - Automatic Opener

Lot

Lot size: 20.10 acres | Lot range: #NONE | Zoning: No

Location

County: Ravalli | Directions: 3.2 mi S of Victor on Hwy 93, Go W on Bear Creek Rd, 2.6 mi (proceed through 4 way and past Fire Station)Turn L onto Nighthawk Trail, 1.8 miSlight R onto N Burr Rd, 0.6 miTurn R onto Lynn Ln, Home is on the R | MLS #: 21905917

Community

HOA Dues: $0/ None

Appliances

Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washing Machine, Water Treatment

Heating & Cooling

Air Conditioning: Window Unit(s) | Heating: Gas Stove Heater, Propane, Propane Hot Water, Radiant Floor Heating, Wood

Utilities & Security

Utilities: Electricity, Internet, Telephone | Sewer Service: Septic System | Water Source: Well | Safety and Security: Smoke Detector

School

School District: District No. 7

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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School Information

Property History & Valuation

Local Insights

Listing provided by: Douglas E Bauman 

Listing courtesy of: Keller Williams WM Hamilton 

Tools for buyers

Data provided by: Helena Association of REALTORS®
Last detected update: May 07, 2019 11:31AM EST ~ Verified on November 10, 2019 06:25AM 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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