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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
209 days on Owners.com
709 Hewespoint Ct
Cary, NC 27519
3 Beds
3 Baths
2,277 ft2
$360,000
Owners.com Estimate:
Estimated Payment:$1,352/mo
HOA:$210, Quarterly

An incredible opportunity to own within Twin Lakes! This 3 bed, 2

5 bath has been meticulously maintained, with an open floor plan and new paint inside and out. Featuring a private, fenced back yard with french doors that open fully to the patio, this home sits at the entrance to a quiet cul de sac lot with no through traffic. With plenty of loft space upstairs and a downstairs office, this home offers flexibility and room for everyone. A must see that will go quick, this home offers outstanding value!

Property type
Residential
Structure
Two Story
Year built
2008
Parking
Attached, Driveway - Concrete, Entry/Front, Garage
Price/Sqft
$158
MLS #
2251364
Lot Size
6098 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: 3 | Room Types: Entry Foyer, Family Room, Loft, Study / Office, Utility | Basement: false

Bathrooms

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

Interior

Features: Ceiling - Fan(s), Smooth Ceilings

Exterior

Features: Fence, Gutters, Patio | Pool: Swim Pool/Priv. Com

Building

Property Types: Residential, Single Family Home | Year Built: 2008 | Structure: Two Story | Architecture: Traditional | Construction: Site Built | Roof: Roof Age 11+ Years | Siding: Fiber Cement | Foundation: Slab | Floors: Carpet/Wood

Garage & Parking

Parking: Attached, Driveway - Concrete, Entry/Front, Garage | Garage: 1

Lot

Lot Dimensions: 49x123x50x121 | Lot size: 0.14 acres | Lot size: 6098 sqft | Lot range: 0-.25 Acres | Lot Features: Cul de Sac

Location

County: Wake | Neighborhood: 010 - Cary/Morrisville/Apex | Subdivision: Twin Lakes | Directions: Head NE on McCrimmon Parkway, turn right on Lake Grove Blvd. Take the second left on Hycliff Rd and left again on New Milford Rd. Turn into Hewespoint Court and the home will be on the left side. | MLS #: 2251364

Community

Condo Maintenance: Area Lights, HO Association, Maint Com. Area, Pool, Tennis | HOA Dues: $210/ Quarterly

Appliances

Appliances: Cooktop Electric, Dishwasher, Disposal, Oven - Dual, Microwave, Water Heater - Gas

Heating & Cooling

Air Conditioning: Central Air, Dual Zone A/C | Heating: Gas Heating (Natural), Dual Zone Heat, Furnace - Floor, Forced Air | Fireplaces: 1

Utilities & Security

Sewer Service: City Sewer | Water Source: City Water

School

Elementary School: Wake - Cedar Fork | Middle School: Wake - West Cary | High School: Wake - Panther Creek

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

Property History & Valuation

Local Insights

Listing provided by: Kyle Williams 

Listing courtesy of: Coldwell Banker Advantage |  (919) 467-5111 

Tools for buyers

Data provided by: Triangle MLS, Inc.
Last detected update: September 15, 2019 05:53PM EST ~ Verified on November 17, 2019 07:45PM 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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