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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: Peter Russell 

Listing courtesy of: Peter Russell & Associates |  (603) 431-2316 

ACTIVE
199 days on Owners.com
20 Milton Rd
Rochester, NH 03867
-- Beds
-- Baths
-- ft2
$110,000
Owners.com Estimate:
Estimated Payment:$413/mo

This is a good rectangular lot with 175 feet of Road Frontage

It has excellent visibility and good sight distance. This is a growing Commercial area, near the Mall. The zoning is Highway Commercial which permits a wide range of uses. Sewer, water and Gas utilities are available at the street.

Property type
Lot / Land
MLS #
4748639
Lot Size
59677 sqft
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My Home Features

Bathrooms

# of Full Bathrooms: 0.0

Building

Property Types: Lot / Land

Lot

Lot size: 1.37 acres | Lot size: 59677 sqft | Lot Features: Wooded | Zoning: Highway Com.

Location

County: NH-Strafford | Directions: Spaulding Turnpike to Exit 16. Take Route 125 South property is on the West side of Route 125 just northerly of the Lilac Mall | MLS #: 4748639

Utilities & Security

Utilities: Electric - At Street, Gas - At Street, High Speed Internet -Available, Telephone | Sewer Service: Street | Water Source: Public Water - At Street

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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Data provided by: New England Real Estate Network
Last detected update: May 01, 2019 04:26PM 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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