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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 57 days
2413 Paveene Ave
Henderson, NV 89052
5 Beds
3 Baths
2,303 ft2
Sold for
$479,400
Owners.com Estimate:
Estimated Payment:$1,800/mo
Property type
Single Family Home
Year built
2001
Parking
2
Price/Sqft
$208
MLS #
2092227
Lot Size
6970 sqft
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SAVE PREFERENCES

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: 5
Virtual Tour: virtual tour

Bathrooms

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

Interior

Features: Alarm System-Owned, Blinds

Exterior

Features: Back Yard Access | Pool: Inground-Private

Building

Property Types: Single Family Home, Residential | Year Built: 2001 | Roof: Tile | Floors: Carpet, Manmade wood or Laminate, Tile

Garage & Parking

Parking: 2 | Garage: Attached, Auto Door Opener(s), Entryto House

Lot

Lot size: 6970 sqft | Zoning: Single Family

Location

County: Clark County | Subdivision: RICHMOND AMERICAN HOMES NEVADA | Real Estate Area: 606 - Henderson | Directions: St. Rose & Eastern, South on Eastern, stay Left for Anthem Pkwy, Left on reunion, Left on Cornet, Right on Paveene Ave, Home on the right. | MLS #: 2092227

Appliances

Appliances: Microwave

Heating & Cooling

Air Conditioning: Central, Electric | Heating: Central, Gas | Fireplaces: 1, Gas, Glass Doors

Utilities & Security

Utilities: Underground Utilities | Sewer Service: Public | Water Source: Public

School

Elementary School: Lamping Frank* | Middle School: Webb, Del E. | High School: Coronado High

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

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Local Insights

Listing provided by: Corey D Toushin 

Listing courtesy of: LIFE Realty |  (702) 475-3200 

Tools for buyers

Data provided by: Greater Las Vegas Association of REALTORS®
Last detected update: July 01, 2019 09:19AM EST ~ Verified on November 05, 2019 04:32AM 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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