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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: Valerie Shelton 

Listing courtesy of: Appledore Real Estate |  (603) 659-0199 

ACTIVE
199 days on Owners.com
4 Osprey Ln # 5-1-1B
Newmarket, NH 03857
2 Beds
3 Baths
1,352 ft2
$495,000
Owners.com Estimate:
Estimated Payment:$1,859/mo
HOA:$2100, Yearly

Townhouse end-unit with no monthly condo fee! Two-level semi-attached 2-Bdrm / 2

5 Bath unit featuring beautiful interior finishes and natural light filled open interior, attached 2-car garage and patio for outdoor entertaining. Warm pre-finished oak hardwood flooring throughout the entire main level living area, stairway and upper hall. Decorative tiled baths including custom shower in Master. Energy Star heating and central air throughout. Kohler fixtures and faucets, Diamond solid maple cabinetry with dovetail drawers, granite counter and vanity tops and classic interior trim including crown molding on main level. Energy-efficient construction, doors & windows and LED recessed lighting. Oversized 2-bay attached garage. Low maintenance Certainteed Cedar Impressions vinyl shingle siding. Lovely landscaped grounds to be finished. Owners, their families and guests can enjoy many social and recreational activities, private walking trails, a shorefront pavilion, dock for launching personal watercraft all within a friendly neighborhood just a short walk or bike ride to Newmarket's vibrant downtown.

Property type
Residential
Structure
Two Story
Year built
2019
Parking
Driveway - Paved, Garage - Community, Garage - Direct Access, Garage - Finished, Driveway, Garage, Parking Spaces 2, Paved
Price/Sqft
$366
MLS #
4748451
Lot Size
4356 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: 2 | Room Types: Kitchen/Living | Basement: false, #NONE

Bathrooms

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

Interior

Features: Dining Area, Kitchen - Island, Lighting - LED, Living/Dining, Master BR w/ BA, Natural Light, Closet(s) - Walk-in

Exterior

Features: ROW to Water

Building

Property Types: Residential, Single Family Home, Townhome | Year Built: 2019 | Structure: Two Story | Architecture: End Unit, Townhouse | Construction: Frame - Wood | Roof: Shingle, Shingle - Architectural | Siding: Vinyl | Foundation: Poured Concrete | Floors: Carpet, Wood - Hard, Tile | Windows: Window Screens, Windows - Energy Star, Windows - Low E

Garage & Parking

Parking: Driveway - Paved, Garage - Community, Garage - Direct Access, Garage - Finished, Driveway, Garage, Parking Spaces 2, Paved | Garage: false, Attached

Lot

Lot size: 0.1 acres | Lot size: 4356 sqft | Lot Features: Deed Restricted, Interior Lot, Landscaped, Level, #OTHER, Subdivision, Trail/Near Trail, View, Walking Trails | Zoning: R1-ADS

Location

Subdivision: The Meadow at Moody Point on Great Bay | Directions: Rt. 108 to Bay Road. 1/2 mile turn right onto Cushing Road. Proceed 1 mile to stop sign and turn right then left at 2nd stop sign. Osprey Lane will be straight ahead on the waterside. Enter from Osprey Lane. | MLS #: 4748451

Community

Condo Maintenance: #OTHER, Recreation, Trash, Water | HOA Dues: $2100/ Yearly

Appliances

Appliances: Dishwasher - Energy Star, Microwave, Range - Gas, Refrigerator-Energy Star, Water Heater - Electric, Water Heater - Tank

Heating & Cooling

Air Conditioning: Central Air, Multi Zone | Heating: Gas - LP/Bottle, Direct Vent, Energy Star, Forced Air, Hot Air, Ceiling, Multi Zone, Programmable Thermostat

Utilities & Security

Utilities: Electric - 200 Amp, Electric - Circuit Breaker(s), Cable, Gas - LP/Bottle, Gas - Underground, High Speed Intrnt -Avail, Underground Utilities | Sewer Service: Community, Metered, Public, Pumping Station | Water Source: Community, Drilled Well | Safety and Security: Smoke Detectr-HrdWrdw/Bat

Accessibility

Accessibility: 1st Floor 1/2 Bathroom, 1st Floor Hrd Surfce Flr, Hard Surface Flooring, No Stairs from Parking, Paved Parking

School

School District: Newmarket SAU #31 | Elementary School: Newmarket Elem School | Middle School: Newmarket Junior High School | High School: Newmarket Senior HS

Owners.com Estimated Value

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Data provided by: New England Real Estate Network
Last detected update: September 04, 2019 08:38AM 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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