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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
202 days on Owners.com
807 Riverton Rd
MOORESTOWN, NJ 08057
4 Beds
8 Baths
5,301 ft2
$2,089,000
Owners.com Estimate:
Estimated Payment:$7,844/mo

Country French masterpiece tucked away on 2+ acres down a private driveway

This home is located seconds to downtown Moorestown. Brand new cedar shake roof (2018) (100K), Gourmet kitchen with concrete slab countertops & sinks, commercial range & wall ovens and brick heated flooring from an old farmhouse in France! There is a massive great room with numerous French doors! The family room offers radiant heated flooring and a limestone fireplace. The elegant first floor master suite resembles a Paris 4 season luxury suite with its 17 foot closet and Euro style shower! The additional 4 bedrooms (+) all offer private bathrooms and soaring ceilings. The basement is incredible with a custom wine tasting room and home theater, plus a full bathroom. There is newer HVAC and AC condensers and the exterior features stone/stucco and brick facade with copper gutters! Outdoor entertaining is unlike any other with its raised terrace, cedar pergola, stone fireplace, commercial grille, refrigerator and views of the pond! This home is simply elegant and yet relaxing all in one!

Property type
Residential
Structure
Two Story, Story - Lower 1, Story - Main, Story - Upper 1
Year built
1996
Parking
Driveway - Asphalt
Price/Sqft
$394
MLS #
NJBL343630
Lot Size
91476 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 2, Bedroom 3, Bedroom 4, Kitchen, Family Room, Library, Foyer, Media, Master Bathroom | Basement: true, Heated, Finished, Outside Entrance

Bathrooms

# of Full Bathrooms: 7
# of Half Bathrooms: 1

Interior

Features: Built-in(s), Crown Moldings, Double/Dual Staircase, Exposed Beams, Family Room Off Kitchen, Lighting - Recessed, Skylight(s), Window Treatments

Exterior

Features: Exterior Lighting, BBQ Grill, Patio, Above Grade, Below Grade

Building

Property Types: Residential | Year Built: 1996 | Structure: Two Story, Story - Lower 1, Story - Main, Story - Upper 1 | Architecture: French, Detached | Construction: Stone | Roof: Shake | Siding: Wood | Foundation: Brick/Mortar, Stone | Floors: Hardwood, Tile/Brick | Windows: Double-Pane, Energy Efficient, Screens

Garage & Parking

Parking: Driveway - Asphalt | Garage: true

Lot

Lot Dimensions: 0.00 x 0.00 | Lot size: 2.10 acres | Lot size: 91476 sqft | Lot Features: Backs to Trees, Pond, Wooded | Zoning: RES

Location

County: BURLINGTON-NJ | Subdivision: NONE AVAILABLE | Real Estate Area: Moorestown Twp (20322) | Directions: Main Street to Riverton Road to 807 - look for mailbox | MLS #: NJBL343630

Appliances

Appliances: Microwave - Built In, Commercial Range, Cooktop - Down Draft, Dishwasher, Disposal, Dryer, Energy Star, Ice Maker, Oven - Dual, Stove - Six Burner, Stainless Steel Appliances, Washing Machine

Heating & Cooling

Air Conditioning: #OTHER, Central Air | Heating: Gas Heating (Natural), Zoned | Fireplaces: true, 3

Utilities & Security

Utilities: Cable TV, Hot Water - Natural Gas, Electric Service - 200+ Amp Service | Sewer Service: Public Sewer | Water Source: Public Supply | Safety and Security: Smoke Detector, Carbon Monoxide Detector, Sprinkler System

Accessibility

Accessibility: #NONE

School

School District: MOORESTOWN TOWNSHIP PUBLIC SCHOOLS | Elementary School: SOUTH VALLEY E.S. | Middle School: WM ALLEN M.S. | High School: MOORESTOWN H.S.

Owners.com Estimated Value

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Local Insights

Listing provided by: Val F. Nunnenkamp Jr. 

Listing courtesy of: BHHS Fox & Roach-Marlton 

Bright MLS

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Data provided by: Bright MLS
Last detected update: May 02, 2019 10:08AM 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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