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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 70 days
131 Hamiltonian Dr
Red Bank, NJ 07701
4 Beds
2 Baths
1,982 ft2
Sold for
$455,000
Owners.com Estimate:
Estimated Payment:$1,832/mo

Your search begins and ends here at this Classic Sprawling Ranch sitting pretty on a 1/2 acre on beautiful tree lined street in the desirable Applebrook neighborhood of Middletown

This lovely home boasts 4 bedrooms & 2 full baths, spacious Living room/DiningRoom w/wood-burning fireplace, gorgeous refinished hardwood floors, a fabulous sun filled, newly carpeted FamilyRoom, partial walk out basement w/workshop,new roof, freshly painted throughout, oversized garage and a parklike yard with room for a pool!The separate entrance into addition creates lots of possibilities. Wonderful Convenient Location means close to NYC buses,ferries & trains with shopping, parks, marinas, downtown RedBank, Pier Village and beaches all just minutes away.All room sizes approximate and sq. ft. from tax records

Property type
Single Family Home
Year built
1953
Parking
Driveway, Oversized Drive, Stone/Gravel
Price/Sqft
$246
MLS #
21918056
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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: Foyer - Closet(s), Foyer - Floor - Wood, Great/Family Room - Floor - W/W Carpet, Bedroom(s), Dining Room, Family Room, Kitchen, Living Room, Master Bedroom | Basement: true, Partial, Walk Out, Workshop

Bathrooms

# of Full Bathrooms: 2
# of Half Bathrooms: 0

Interior

Features: Ceiling - Fan(s), Light Fixtures, Dec Molding, Living Room - Bay/Bow Window, Living Room - Fireplace - Woodburning, Living Room - Floor - Wood

Exterior

Features: Outdoor Lighting, Patio | Pool: false

Building

Property Types: Single Family Home | Year Built: 1953 | Architecture: Expanded Ranch, Ranch | Roof: Shingled | Siding: `, Vinyl | Floors: Ceramic, Carpet - Wall-to-wall, Wood | Windows: Thermal Window

Garage & Parking

Parking: Driveway, Oversized Drive, Stone/Gravel | Garage: true, Attached, Direct Entry, Oversized

Lot

Lot Dimensions: 110 x 200 | Lot Features: Level | Zoning: Residential

Location

County: Monmouth | Subdivision: Applebrook | Real Estate Area: Middletown | Directions: Route 35 to Applefarm Road turn right onto Hamiltonian Drive. | MLS #: 21918056

Appliances

Appliances: Dryer, Electric Cooking, Microwave, Refrigerator, Washing Machine, Water Heater - Natural Gas

Heating & Cooling

Air Conditioning: Central Air | Heating: Natural Gas, Forced Air | Fireplaces: true, 1

Utilities & Security

Sewer Service: Public Sewer | Water Source: Public Supply

Accessibility

Accessibility: #NONE

School

Elementary School: Middletown Village | Middle School: Thompson | High School: Middle South

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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Price
Source: County(Public) Records

School Information

Property History & Valuation

Local Insights

Listing provided by: Jennie A Bornhoeft 

Listing courtesy of: Heritage House Sotheby's International Realty |  (732) 842-8100 

Monmouth/Ocean Multiple Listing Service

Tools for buyers

Data provided by: Monmouth/Ocean Multiple Listing Service
Last detected update: July 12, 2019 07:00AM 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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