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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: Beth Adams 

Listing courtesy of: Century 21 Thompson Real Estate |  (603) 736-9700 

SOLD
Sold in 44 days
17 Knights Ln
Epsom, NH 03234
2 Beds
2 Baths
1,044 ft2
Sold for
$39,000
Owners.com Estimate:
Estimated Payment:$169/mo

You're going to love this remodeled open concept home on a quiet dead end street

Quick close possible. New windows, flooring, furnace, and SS appliances, Pex plumbing and a new front door. Kitchen has large center island with breakfast bar and lots of cabinets. 1/2 bath in 2nd bedroom. A shed for all your outside tools, large yard for your plantings and a 3 season porch to enjoy. All this in a 55+ park.

Property type
Residential
Structure
Single Story
Year built
1976
Parking
Driveway - Paved, Parking Spaces 2
Price/Sqft
$43
MLS #
4748514
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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: 2
Virtual Tour: virtual tour | Room Types: Kitchen | Basement: false

Bathrooms

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

Exterior

Features: Shed

Building

Property Types: Residential, Mobile / Manufactured | Year Built: 1976 | Structure: Single Story | Architecture: Manuf/Mobile | Construction: Manufactured Home | Roof: Shingle - Asphalt | Siding: Vinyl | Foundation: Post and Pier, Skirted | Floors: Laminate, Vinyl

Garage & Parking

Parking: Driveway - Paved, Parking Spaces 2 | Garage: false

Lot

Lot Features: Leased | Zoning: Residential

Location

Directions: Rt. 28 South left on Knights Lane, straight down, 2nd to last home on left. | MLS #: 4748514

Appliances

Appliances: Dishwasher, Range - Electric, Refrigerator, Stove - Electric, Water Heater - Electric

Heating & Cooling

Air Conditioning: None | Heating: Oil, Forced Air

Utilities & Security

Utilities: Electric - 100 Amp | Sewer Service: Community, #OTHER | Water Source: Community, #OTHER

Accessibility

Accessibility: 1st Floor Bedroom, 1st Floor Laundry

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

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Local Insights

Tools for buyers

Data provided by: New England Real Estate Network
Last detected update: June 14, 2019 09:12AM 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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