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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
203 days on Owners.com
102 Kingwood Stockton Rd
08559, NJ 08559
4 Beds
3 Baths
4,573 ft2
$575,000
Owners.com Estimate:
Estimated Payment:$2,159/mo

1754 Historic Landmark

This stone beauty has history, charm & updated yet maintained its historic purity, stone fireplace, wide plank flooring, deep set windows, very spacious rooms & high ceilings for this time period. There is a carriage house and studio for weekend guest, caretaker or nanny. The barn is 3 stories, a ceramic silo, lovely landscaping so many opportunities to enjoy the country life in the historic village of Rosemont minutes to the River Towns. Income producing property approximately of $13,800/yr for the carriage house apartment & $2,500/yr solar income. Welcome home!

Property type
Residential
Structure
Two Story, Story - Main, Story - Upper 1
Year built
1786
Price/Sqft
$126
MLS #
NJHT105124
Lot Size
151589 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: 4 | Room Types: Living Room, Dining Room, Bedroom(s) - Master, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1, #OTHER, Attic | Basement: true, Partial, Unfinished

Bathrooms

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

Interior

Features: Butlers Pantry, Exposed Beams

Exterior

Features: Patio, Above Grade

Building

Property Types: Residential | Year Built: 1786 | Structure: Two Story, Story - Main, Story - Upper 1 | Architecture: Colonial, Detached | Construction: Stone | Roof: Slate | Floors: Wood, Tile/Brick

Garage & Parking

Garage: true

Lot

Lot Dimensions: N/A | Lot size: 3.48 acres | Lot size: 151589 sqft | Lot Features: Corner Lot, Level, Open Land | Zoning: V-2

Location

County: HUNTERDON-NJ | Subdivision: NONE AVAILABLE | Real Estate Area: Delaware Twp (21007) | Directions: From Flemington Rt 12 to Rt 523 toward Stockton, R at blinking light onto Rt 604 to stop sign. Right around corner to 1st driveway on right | MLS #: NJHT105124

Appliances

Appliances: Oven - Wall

Heating & Cooling

Air Conditioning: Electric, Wall Unit(s) | Heating: Oil, Radiator | Fireplaces: true, Stone, Wood Stove

Utilities & Security

Utilities: Cable TV, Hot Water - Electric | Sewer Service: On Site Septic | Water Source: Public Supply

Accessibility

Accessibility: #NONE

School

School District: DELAWARE TOWNSHIP PUBLIC SCHOOLS | Elementary School: DELAWARE TOWNSHIP NO 1

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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Price History

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Source: County(Public) Records

School Information

Property History & Valuation

Local Insights

Listing provided by: Paula M Anastasio 

Listing courtesy of: Weichert Realtors - Flemington Circle 

Bright MLS

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Data provided by: Bright MLS
Last detected update: October 21, 2019 01:26PM EST ~ Verified on November 04, 2019 08:32PM 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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