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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 224 days
3213 E Main St
Kingsville, OH 44048
3 Beds
1 Bath
1,116 ft2
Sold for
$114,000
Owners.com Estimate:
Estimated Payment:$450/mo

Location, Location, Location! This charming, three bedroom solid brick ranch is in a great Kingsville Township location on a

83 acre lot near the Fire Station, Library, Churches, Park, and Kingsville Elementary. This house has been artfully updated including every detail. The original hardwood floors have been uncovered and brought back to life. Both the kitchen and the bathroom were remodeled in the last two years. The laminate, in the kitchen and ceramic in the bathroom is lovely, as well as the upgraded ceiling fans, bathroom and kitchen fixtures, and the warm decorator paint colors. The new doors and windows, combined with the brick construction keeps the house warm during those long winter months. There is a full basement which is immaculate and conveniently walks out to the attached two-car garage. There is also a detached 1.5-car garage in the back whicih has been renovated into a workshop space and includes new insulation, electric, doors and windows. The large concrete patio is perfect for all those warm weather cook-outs and the large backyard includes a fire pit ,several shade trees, and an adjacent stream. Updates are approximate. Door opener 2011, boiler rebuilt 2011, New Roof 2004. Seller has fans on occasionally to promote air circulation since the house has been vacant.

Property type
Single Family Home
Year built
1956
Parking
3Driveway - Unpaved, Garage - Automatic Opener, Electric, Water Available
Price/Sqft
$107
MLS #
3956917
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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 | Basement: true, Full

Bathrooms

# of Full Bathrooms: 1
# of Half Bathrooms: 0

Exterior

Features: Patio, Storage Shed/Out Bld

Building

Property Types: Single Family Home, Residential | Year Built: 1956 | Architecture: Ranch | Roof: Asphalt/Fiberglass | Siding: Brick

Garage & Parking

Parking: Driveway - Unpaved, Garage - Automatic Opener, Electric, Water Available, 3 | Garage: Access from Unit, Attached

Lot

Lot Dimensions: 95x389 | Lot size: 0.8300 acres

Location

County: Ashtabula | Real Estate Area: North Kingsville | Directions: State Route 193 to East Main, North side | MLS #: 3956917

Community

Condo Maintenance: 0

Appliances

Appliances: Dryer, Microwave, Range, Refrigerator, Washing Machine

Heating & Cooling

Heating: Fuel - Gas, Baseboard, Steam or Hot Water Heating | Fireplaces: 0

Utilities & Security

Sewer Service: Septic | Water Source: Public Supply | Safety and Security: Smoke Detector

School

School District: Buckeye LSD

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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Price
Source: County(Public) Records

School Information

Property History & Valuation

Local Insights

Listing provided by: Marilou Tipton 

Listing courtesy of: Howard Hanna |  (440) 428-1818 

Tools for buyers

Data provided by: NORMLS, North/East OH
Last detected update: June 29, 2018 12:02PM EST ~ Verified on October 21, 2019 01:17PM 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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