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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: Elaina Putnam 

Listing courtesy of: Old Mill Properties REALTORS |  (603) 744-8526 

ACTIVE
202 days on Owners.com
2 Mathews Rd
Alexandria, NH 03222
-- Beds
-- Baths
-- ft2
$49,900
Owners.com Estimate:
Estimated Payment:$187/mo

VIEWS VIEWS VIEWS can be exposed with clearing from this gently sloping 6

48+/- acre building lot in the heart of Alexandria, NH. Enjoy privacy & seclusion in this location but yet still only a short drive to Newfound Lake, Sculptured Rocks, Spectacle Pond, the AMC Lodge at Mount Cardigan, and so much more this beautiful area has to offer. Perfect spot to build your primary home or vacation retreat with great western exposure. Drop the pin on the map, this parcel could be the one for you! Additional acreage available.

Property type
Lot / Land
MLS #
4748633
Lot Size
282269 sqft
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My Home Features

Bathrooms

# of Full Bathrooms: 0.0

Building

Property Types: Lot / Land

Lot

Lot size: 6.48 acres | Lot size: 282269 sqft | Lot Features: Country Setting, Deed Restricted, Secluded, Sloped, Wooded | Zoning: NONE

Location

County: NH-Grafton | Subdivision: DeRoma Development Corp. | Directions: FROM BRISTOL: Head north on Lake St. to Bristol Hill Rd. on your left. Bristol Hill Rd. to a left onto Plumer Hill Rd. Plumer Hill Rd. to a left onto Thissell Rd. Thissell Rd. to a left onto Mathews Rd. Property will be 1/2 mile on your right. Look for sign. | MLS #: 4748633

Utilities & Security

Utilities: #NONE, #OTHER | Sewer Service: On-Site Septic Needed | Water Source: On-Site Well Needed

School

School District: Newfound Sch Dst SAU 4 | Elementary School: Bristol Elementary School | Middle School: Newfound Memorial Middle Sch | High School: Newfound Regional High Sch

Owners.com Estimated Value

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Data provided by: New England Real Estate Network
Last detected update: September 05, 2019 11:19AM EST ~ Verified on November 15, 2019 05:56AM 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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