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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
196 days on Owners.com
11 Chaucer Cir
HAINESPORT, NJ 08036
4 Beds
3 Baths
2,914 ft2
$417,900
Owners.com Estimate:
Estimated Payment:$1,569/mo

Come visit this immaculately maintained showplace in Creekview

This charming home boasts an extra large front porch that welcomes you to a two story foyer adjacent to a huge living room & dining room. On the opposite side of the foyer is a large office. At the back of this home is the kitchen, breakfast/family room, fireplace & back staircase. This open concept provides plenty of space for all of your family. The 2 car garage is next to the kitchen with lots of storage off of this back foyer. The upstairs foyer can accommodate a computer desk or large furniture & overlooks the front foyer. The master suite has a separate sitting area & 2 closets as well as its own en-suite. Also on this level are 3 other large bedrooms, a full bath & separate laundry room. There is also a full basement. Wait there is more, a magnificent back yard with specimen plantings, a fenced in-ground pool for all your family to enjoy. Come tour this beauty, you won't want to leave. Sellers are willing to remove all wallpaper if desired.

Property type
Residential
Structure
Three or More Stories, Story - Main, Story - Upper 1
Year built
2004
Parking
Driveway - Concrete
Price/Sqft
$143
MLS #
NJBL342992
Lot Size
13185 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, Study / Office | Basement: true, Daylight, Partial, Full, Outside Entrance

Bathrooms

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

Interior

Features: Built-in(s), Crown Moldings, Walls - Block

Exterior

Features: Fully Fenced, Exterior Lighting, Flood Lights, Street Lights, Deck, Patio, Porch, Above Grade, Below Grade | Pool: In Ground | Irrigation: Lawn Sprinkler

Building

Property Types: Residential | Year Built: 2004 | Structure: Three or More Stories, Story - Main, Story - Upper 1 | Architecture: French, Transitional, Detached | Construction: Brick Veneer | Roof: Asphalt | Siding: Vinyl | Foundation: Block, Concrete Perimeter | Floors: Carpet, Hardwood | Windows: Bay/Bow

Garage & Parking

Parking: Driveway - Concrete | Garage: true

Lot

Lot Dimensions: 0.00 x 0.00 | Lot size: 0.30 acres | Lot size: 13185 sqft | Lot Features: Front Yard, Irregular, Partly Wooded, Poolside, Rear Yard, SideYard(s) | Zoning: RES

Location

County: BURLINGTON-NJ | Subdivision: CREEKVIEW | Real Estate Area: Hainesport Twp (20316) | Directions: Creek Rd to Lenox to Chaucer | MLS #: NJBL342992

Appliances

Appliances: Microwave - Built In, Cooktop, Dishwasher, Dryer, Exhaust Fan, Refrigerator, Washing Machine

Heating & Cooling

Air Conditioning: Electric, Central Air | Heating: Gas Heating (Natural), Forced Air | Fireplace: true, 1, Brick

Utilities & Security

Utilities: Hot Water - Natural Gas, Electric Service - 200+ Amp Service | Sewer Service: Public Sewer | Water Source: Public Supply | Safety and Security: 24 hour security, Motion Detectors

Accessibility

Accessibility: #NONE

School

School District: HAINESPORT TOWNSHIP 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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Price History

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Source: County(Public) Records

School Information

Property History & Valuation

Local Insights

Listing provided by: Gloria O Donnon 

Listing courtesy of: Long & Foster Real Estate, Inc. 

Bright MLS

Tools for buyers

Data provided by: Bright MLS
Last detected update: October 07, 2019 09:06AM 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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