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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
252 Ten Eyck St
Watertown-City, NY 13601
4 Beds
2 Baths
2,678 ft2
$199,900
Owners.com Estimate:
Estimated Payment:$751/mo

Nice 4 bedroom home located within a short walk to the hospital, downtown and the golf course

Bright open living room with beautiful hardwood floors, a fireplace, and french doors connecting into the formal dining room. Convenient 1st-floor bedroom and bath in addition to a 1st-floor den or playroom. Ample storage in the kitchen along with an abundance of countertop space, a cozy wood stove and sitting area. An enclosed back porch with access out to the deck overlooking the large fenced-in yard. Behind the 2 car garage, is a pleasant patio area for add'l outside entertaining - great house, great location and all at a great price! Don't wait - call, click or text today for an appt to see

Property type
Single Family Home
Year built
1888
Parking
Driveway - Blacktop, Garage - Detached
Price/Sqft
$75
MLS #
S1188257
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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
Virtual Tour: virtual tour | Room Types: Den | Basement: Exterior Walkup/Bulkhead Doors

Bathrooms

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

Interior

Features: Breakfast Bar

Building

Property Types: Single Family Home | Year Built: 1888 | Architecture: Victorian | Roof: Metal | Siding: Vinyl | Foundation: Stone | Floors: Wood - Hard, Vinyl

Garage & Parking

Parking: Driveway - Blacktop, Garage - Detached

Lot

Lot size: 0.2879 acres

Location

County: Jefferson | Directions: between Holcomb st and Sherman st | MLS #: S1188257

Community

Appliances

Appliances: Refrigerator, Water Heater - Gas

Heating & Cooling

Heating: Gas, Forced Air | Fireplaces: 3

Utilities & Security

Sewer Service: Sewer Connected | Water Source: Public Connected

School

School District: Watertown

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

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Local Insights

Listing provided by: Lori Gervera Team 

Listing courtesy of: Keller Williams Northern New York |  (315) 459-6629 

Tools for buyers

Data provided by: Buffalo Niagara Association of REALTORS®
Last detected update: November 06, 2019 02:57PM EST ~ Verified on November 09, 2019 07:03PM 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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