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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 180 days
1 Ryder Ct
Monroe, NJ 08831
3 Beds
3 Baths
3,178 ft2
Sold for
$650,000
Owners.com Estimate:
Estimated Payment:$2,629/mo
HOA:$381.75, Monthly

Enjoy Regency @ Monroe, gated community, in the desirable Tournament section with this less than 2 year old Bridleridge model on oversized corner lot

Beautiful open floor plan features 12' ceilings, designer white kitchen w/ stainless steel appliances, glass backsplash & granite countertops, expanded great room w/ gas fireplace, second story loft with private bedroom & full bath & paver patio with backyard tree surround for entertaining and privacy. 3 BDR, 3 Full BA with office and second story loft. Tray ceilings w/crown moulding in D/R & master bdrm, 2 large walk-in master bedroom closets, dual master bath sinks, frameless shower with seat, window treatments throughout, central vacuum, alarm system & more. 40,00 SF clubhouse,cafe,hair salon,fitness center, tennis pavilion,golf & more.

Property type
Single Family Home
Year built
2017
Parking
Garage Door Opener, Double Wide Drive
Price/Sqft
$220
MLS #
21918114
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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: 3
Virtual Tour: virtual tour | Room Types: Great/Family Room - Fireplace - Gas, Great/Family Room - Floor - Wood, Great/Family Room - Two Story, Loft, Bedroom(s), Dining Room, Foyer, Great Room, Kitchen, Bedroom(s) - Master, Study / Office, Utility | Basement: false, Slab

Bathrooms

# of Full Bathrooms: 3
# of Half Bathrooms: 0

Interior

Features: Blinds/Shades, Vacuum - Central, Light Fixtures, Laundry Tub, Lighting - Recessed, Security System

Exterior

Features: Patio | Pool: false, Common, Heated, In Ground, Indoor | Irrigation: Sprinkler Under

Building

Property Types: Single Family Home | Year Built: 2017 | Architecture: Custom, Detached | Roof: Shingled | Siding: Vinyl | Floors: Ceramic, Carpet - Wall-to-wall, Wood | Windows: Bay/Bow Window

Garage & Parking

Parking: Garage Door Opener, Double Wide Drive | Garage: false, Attached, Direct Entry

Lot

Lot Features: Corner Lot, Level | Zoning: Planned Residential, Residential, Single Family

Location

County: Middlesex | Subdivision: Regency @ Monroe | Real Estate Area: None | Directions: Regency at Monroe Main Entrance- Rt 522 (530 Buckelew Ave) | MLS #: 21918114

Community

Condo Maintenance: Common Area, Lawn Maintenance, Mgmt Fees, Community Pool, Snow Removal, Trash - Removal | HOA Dues: $381.75/ Monthly

Appliances

Appliances: Counter Top Range, Dishwasher, Dryer, Disposal, Gas Cooking, Microwave, Refrigerator, Wall Oven, Washing Machine, Water Heater - Natural Gas

Heating & Cooling

Air Conditioning: 2 Zoned AC, Central Air | Heating: Gas Heating (Natural), 2 Zoned Heat, Forced Air | Fireplaces: true, 1

Utilities & Security

Sewer Service: Sewer | Water Source: Public Supply | Safety and Security: Security System

School

High School: Monroe Twp

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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Property Tax

Price History

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Source: County(Public) Records

School Information

Property History & Valuation

Local Insights

Listing provided by: Andrea Mesh 

Listing courtesy of: C21/ Mack Morris Iris Lurie |  (732) 536-2228 

Monmouth/Ocean Multiple Listing Service

Tools for buyers

Data provided by: Monmouth/Ocean Multiple Listing Service
Last detected update: October 30, 2019 10:45AM EST ~ Verified on November 05, 2019 05:32AM 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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