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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."
SOLD
Sold in 62 days
740 Carpenter St
GLASSBORO, NJ 08028
4 Beds
4 Baths
1,996 ft2
Sold for
$289,900
Owners.com Estimate:
Estimated Payment:$1,089/mo

**Back on Market- Buyers Financing Fell Apart**Original owners have built and wonderfully maintained this home inside and out! Enjoy happy times in this custom built 2-Story Colonial boasting formal living & dining rooms, a generously sized family room with cozy wood burning fireplace and hardwood floors, a spacious and graciously updated kitchen with upscale appliances, granite counter tops, ceramic tile flooring and back splash, and a breakfast area perfectly situated

There is also a first floor laundry room with a door to the rear yard and pool area, a powder room and a welcoming 2-Story Foyer finished with hardwoods throughout much of the first floor. The second floor floor plan offers a beautifully sized master suite with hardwood floors, a large walk in closet and a private master bath with a shower, garden tub and vanity. There are three additional bedrooms and a hall bath. The basement is mostly finished into two areas; an entertainment area with a wet bar & granite counter tops, ceramic flooring, a powder room, and also a spacious Great Room area so perfect for gatherings and fun! You'll appreciate the gym area, and storage area. Outside you'll enjoy the exceptional lot as the house is set back so beautifully... and a rear yard out of a magazine! Enjoy many good times in the rear yard featuring an in ground pool, covered porch, bbq bar, storage shed and more! All designed and finished so thoughtfully & meticulously. Come see how to enjoy the good times!

Property type
Residential
Structure
Two Story, Story - Lower 1, Story - Main, Story - Upper 1
Year built
1998
Price/Sqft
$145
MLS #
NJGL240160
Lot Size
15246 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
Virtual Tour: virtual tour | Room Types: Living Room, Dining Room, Bedroom(s) - Master, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Family Room, Great Room, Laundry | Basement: true, Finished - Partial

Bathrooms

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

Exterior

Features: Wood Fence, Above Grade, Below Grade | Pool: Fenced, In Ground, Heated

Building

Property Types: Residential | Year Built: 1998 | Structure: Two Story, Story - Lower 1, Story - Main, Story - Upper 1 | Architecture: Colonial, Detached | Siding: Vinyl | Floors: Carpet, Tile - Ceramic, Hardwood

Garage & Parking

Garage: true

Lot

Lot Dimensions: 90x160 | Lot size: 0.35 acres | Lot size: 15246 sqft | Zoning: R1

Location

County: GLOUCESTER-NJ | Subdivision: NONE AVAILABLE | Real Estate Area: Glassboro Boro (20806) | MLS #: NJGL240160

Heating & Cooling

Air Conditioning: Electric, Central Air | Heating: Gas Heating (Natural), Forced Air, Zoned | Fireplace: true, 1, Brick, Fireplace - Glass Doors, Wood

Utilities & Security

Utilities: Hot Water - Natural Gas | Sewer Service: Public Sewer | Water Source: Public Supply | Safety and Security: Security System

Accessibility

Accessibility: #NONE

School

School District: GLASSBORO PUBLIC SCHOOLS

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

School Information

Property History & Valuation

Local Insights

Listing provided by: Bob Johns 

Listing courtesy of: Century 21 Rauh & Johns 

Bright MLS

Tools for buyers

Data provided by: Bright MLS
Last detected update: July 03, 2019 08:15AM 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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