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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
205 days on Owners.com
700 Kresson Rd
CHERRY HILL, NJ 08003
4 Beds
3 Baths
4,083 ft2
$449,999
Owners.com Estimate:
Estimated Payment:$1,690/mo

NEW CONSTRUCTION! Build your new dream home in Cherry Hill East!! Featured here is the Phoenix model, a modern day split level home

It includes a family room with vaulted ceilings, formal dining room, laundry room and powder room on the main level. The kitchen and nook complete the main level with granite countertops, 42" cabinets and stainless steel appliances. Just a few steps down from the foyer is what makes the Phoenix so unique- this home comes complete with a lower level rec room and continues down to a crawl space or basement. A few steps up from the main living level is the grande bedroom suite on its own floor including a walk in closet and private bath. Up a few steps from the grande bedroom is an additional full bath, 3 more bedrooms and a balcony overlooking the family room. The Phoenix can be customized by adding a sun-room, expanded grande bedroom and rec room, alternate open kitchen layout and alternate master bath layout featuring an over-sized walk-in shower. Choose all of your own finishes and colors at Schaeffer Family Homes' Design Center and build the home of your dreams! NOTE: House is to-be-built. Pictures and virtual tour are of the same model with upgraded options shown. Other Schaeffer Floorplans are available to be built on this lot. An allowance for site improvement costs is included in the listing price. Site improvement costs can potentially be more or less than the amount of the allowance. Sample models are available to tour. Contact listing agent for details.

Property type
Residential
Structure
Two Story, Story - Main, Story - Upper 1
Year built
2019
Price/Sqft
$110
MLS #
NJCD363446
Lot Size
25560 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: Dining Room, Bedroom(s) - Master, Bedroom 2, Bedroom 3, Kitchen, Family Room, Breakfast Room, Bedroom 1 | Basement: false

Bathrooms

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

Exterior

Features: Above Grade, Below Grade

Building

Property Types: Residential | Year Built: 2019 | Structure: Two Story, Story - Main, Story - Upper 1 | Architecture: Colonial, Contemporary, Traditional, Detached | Construction: Frame

Garage & Parking

Garage: true

Lot

Lot Dimensions: 120.00 x 213.00 | Lot size: 0.59 acres | Lot size: 25560 sqft | Zoning: RESIDENTIAL

Location

County: CAMDEN-NJ | Subdivision: WILLOWDALE | Real Estate Area: Cherry Hill Twp (20409) | Directions: Browning to Kresson | MLS #: NJCD363446

Heating & Cooling

Air Conditioning: Electric, Central Air | Heating: Gas Heating (Natural), Forced Air | Fireplaces: 0

Utilities & Security

Sewer Service: Public Sewer | Water Source: Public Supply

Accessibility

Accessibility: #NONE

School

School District: CHERRY HILL TOWNSHIP PUBLIC SCHOOLS | High School: CHERRY HILL HIGH - EAST

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: Danielle Ochman 

Listing courtesy of: BHHS Fox & Roach-Cherry Hill 

Bright MLS

Tools for buyers

Data provided by: Bright MLS
Last detected update: October 24, 2019 10:26AM 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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