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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
201 days on Owners.com
18 Upton Way
SEWELL, NJ 08080
3 Beds
3 Baths
2,638 ft2
$327,700
Owners.com Estimate:
Estimated Payment:$1,231/mo

Don't let this one slip by, 4,000+ square feet when you add in the full finished basement and sunroom, a Must see! Spectacular Renovated/Upgraded 'Rider Elite' model in Desirable 'Bateman Farms'

This home boosts a huge spralling 1,200 SF Full Basement under the entire house giving you 5 separate rooms of additional living, office, exercise and entertainment space. Plenty of room for a Man Cave if desired! This home is larger than most 4 bedroom houses in the area. In addition, the attached 320 SF Sunroom extends the open concept, recently renovated large eat in Kitchen and Family Room. This is perfect for family gatherings and entertaining friends. Attached off the 3 Season all glass Sunroom, you'll find a Large stamped concrete patio, a 6 seat Sunrise Hot Tub and professionally landscaped yard that includes a specially designed Fire Pit, grilling area and herb garden. Excellent for your Summer BBQs! Back inside, you'll enjoy the Newer Kitchen, 3 years old, with granite counter tops and 42" to the ceiling cabinets, tile flooring, stainless steal appliances and walk in pantry. The entrance to this spacious home has spectacular brand new hard wood laminate flooring in the two story foyer. It extends through the hallway, laundry room and newly renovated powder room with a new granite counter top, fixtures, lights and mirror. Also from the front foyer, you will see the centerpiece of the living room. This custom built impressive Stone gas Fireplace reaches all the way to the high vaulted ceiling. The entire house has been freshly painted and brand new carpet throughout. It shows like a model home! Upstairs, the King size Master Bedroom offers a spacious bathroom retreat with brand new laminate flooring, cabinets, granite counter top, double sinks, light fixtures and mirrors. Refresh in the separate whirlpool tub or shower. The Master Bedroom also offers a ceiling fan and walk in and walk through his and her closets for all the space your shoes and cloths will ever need! For the rest of the family, there are two other large bedrooms and a spacious bathroom that features a brand new granite counter top, dual sinks, light fixtures and mirrors with a subway tile shower and bath. Perfect for a family of 4. For energy efficiency there are newer vinyl windows throughout, with a transferable Lifetime Warranty to help keep your utility bills down. Upstairs is an attic pull down stairs to a partially floored attic for seasonal items. There's also also a lawn sprinkler system for the entire property to help keep the lawn green in the hot Summer! The owner is including the Homeowners 'Choice Warranty' at settlement good until 10/20! More added features include: Terminix treated for termite prevention, hardwired alarm system, newer outside condenser, attic fan, bedroom ceiling fans, sump pump in basement to keep it dry! You'll want to add this to the top of your list to see the other great features, layout and size before making your decision! Photos with rooms furnished and now unfurnished to compare!!!

Property type
Residential
Structure
Two Story, Story - Lower 1, Story - Main, Story - Upper 1
Year built
1991
Parking
Driveway - Concrete
Price/Sqft
$124
MLS #
NJGL239704
Lot Size
10560 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: 3
Virtual Tour: virtual tour | Room Types: Living Room, Dining Room, Bedroom(s) - Master, Bedroom 2, Bedroom 3, Kitchen, Game Room, Family Room, Breakfast Room, Gym / Fitness, Great Room, Study / Office, Solarium | Basement: true, Drainage System, Interior Access, Space For Rooms, Finished

Bathrooms

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

Interior

Features: Ceiling - Fan(s), Family Room Off Kitchen, Window Treatments

Exterior

Features: Above Grade, Below Grade

Building

Property Types: Residential | Year Built: 1991 | Structure: Two Story, Story - Lower 1, Story - Main, Story - Upper 1 | Architecture: Contemporary, Detached | Construction: Stucco | Roof: Asphalt | Siding: Aluminum | Floors: Carpet, Laminate, Tile - Ceramic

Garage & Parking

Parking: Driveway - Concrete | Garage: true

Lot

Lot Dimensions: 80.00 x 132.00 | Lot size: 0.24 acres | Lot size: 10560 sqft | Zoning: PR1

Location

County: GLOUCESTER-NJ | Subdivision: BATEMAN FARMS | Real Estate Area: Washington Twp (20818) | Directions: Rt 42 to Sicklerville exit north on Rt 168 /L/Woodbury Turnersville Rd /L/Hurffville Grenloch Rd /R/Hillary /L/ Upton Way | MLS #: NJGL239704

Heating & Cooling

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

Utilities & Security

Utilities: Hot Water - Natural Gas, Electric Service - 150 Amps, Electric Service - Circuit Breakers | Sewer Service: Public Sewer | Water Source: Public Supply | Safety and Security: Motion Detectors, Security System

Accessibility

Accessibility: 2+ Access Exits

School

School District: WASHINGTON TOWNSHIP PUBLIC SCHOOLS | Elementary School: WEDGWOOD | Middle School: CHESTNUT RIDGE | High School: WASHINGTON TWP. H.S.

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: Johnson Z Yerkes III 

Listing courtesy of: Century 21 Rauh & Johns 

Bright MLS

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Data provided by: Bright MLS
Last detected update: September 21, 2019 07:24AM 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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