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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
200 days on Owners.com
23112 Beachwood Blvd
Beachwood, OH 44122
7 Beds
5 Baths
3,126 ft2
$399,000
Owners.com Estimate:
Estimated Payment:$1,498/mo

Unique and very large colonial in a prime location with a big lot! Enter through the front door and find a large living room and dining room area

Off the dining room there is an eat kitchen with a custom built in eat in area. Behind the dining room there is a large 3 seasons room overlooking the large backyard. You will also find a large study on the main floor. Proceed to the second floor and you will find 4 large bedrooms, a second floor laundry room, a newly added master bathroom with a jet tub and shower, and a second full bath. Unique to this house is the 3rd floor. One of its kind. The 3rd floor was actually added on to this house and its not a dormer. With newer flooring and lighting you will find 3 more bedrooms and a full bath! Loads of extra living space. You can put your guest there or make your office and playrooms up there. In the basement you will find a half finished basement, plus a bonus room and another full bathroom. If you are looking for space or a house where you can entertain go no further.

Property type
Single Family Home
Structure
3.00
Year built
1952
Parking
2Driveway - Paved
Price/Sqft
$128
MLS #
4092524
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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: 7 | Basement: true

Bathrooms

# of Full Bathrooms: 4
# of Half Bathrooms: 1

Building

Property Types: Single Family Home, Residential | Year Built: 1952 | Structure: 3.00 | Architecture: Colonial | Roof: Asphalt/Fiberglass | Siding: Aluminum

Garage & Parking

Parking: Driveway - Paved, 2 | Garage: Attached

Lot

Lot size: 0.2782 acres

Location

County: Cuyahoga | Subdivision: Rapid Transit Land Sales Cos | Real Estate Area: Beachwood | Directions: off south green road | MLS #: 4092524

Community

Condo Maintenance: 0

Heating & Cooling

Air Conditioning: Central Air | Heating: Fuel - Gas, Forced Air | Fireplaces: 1

Utilities & Security

Sewer Service: Public Sewer | Water Source: Public Supply

School

School District: Beachwood CSD

Owners.com Estimated Value

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Local Insights

Listing provided by: Coby Socher 

Listing courtesy of: Keller Williams Greater Cleveland |  (216) 839-5500 

Tools for buyers

Data provided by: NORMLS, North/East OH
Last detected update: May 24, 2019 09:32AM 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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