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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 32 days
2127 Demi Dr
Twinsburg, OH 44087
4 Beds
3 Baths
2,000 ft2
Sold for
$279,000
Owners.com Estimate:
Estimated Payment:$1,048/mo
HOA:$60, Annually

2127 Demi is an alluring 4 bedroom, 3 bath (2 full and one half) colonial that is both relaxing and entertaining

Bright and airy the house just spells "chill" having been freshly painted with a cool trendy color palette. The formal dining and living rooms with lrge windows provide a view of the two-tiered deck and in-ground pool with privacy fence runs the length of the backside of the house. Two sets of slider doors open to the pool off the kitchen eating area and family room. Kitchen offers granite counter tops and back splash, stainless steel sink, dishwasher, microwave, range, and refrigerator and you can see your reflection in the beautiful wood floors that carry on through the entire first floor. Wake-up and start your day with a swim or just float in a raft sipping a cold one or sun off the two-tiered deck. In the fall and winter seasons, curl up by the gas-fireplace with a good book on your kindle and a hot beverage. The master bedroom is a nice size and you like the large master bath with granite vanity (two sinks) a large walk-in closet. Common bath is nicely appointed with ceramic tile flooring and tiled tub/shower surround. Enjoy the basement after finishing off nearly 600 additional square feet. New roof installed June 2019. Furnace and air replaced 2016. Schedule your private showing today, we know you'll like it here!

Property type
Single Family Home
Structure
2.00
Year built
1993
Parking
2Driveway - Paved
Price/Sqft
$140
MLS #
4112565
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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: 4
Virtual Tour: virtual tour | Basement: true, Partial, Unfinished

Bathrooms

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

Interior

Elevator: false

Exterior

Features: Deck, Patio, Porch, Fully Fenced, Privacy Fence, Wood Fence | Pool: In Ground

Building

Property Types: Single Family Home, Residential | Year Built: 1993 | Structure: 2.00 | Architecture: Colonial | Roof: Asphalt/Fiberglass | Siding: Brick, Vinyl

Garage & Parking

Parking: Driveway - Paved, 2 | Garage: Attached, Garage Door Opener, Electric

Lot

Lot Dimensions: 85x162 | Lot size: 0.3160 acres

Location

County: Summit | Subdivision: Meadowood Estates | Real Estate Area: Twinsburg | Directions: Darrow (91) to Meadowood to Demi. | MLS #: 4112565

Community

Condo Maintenance: Association Insurance, #OTHER, 0 | HOA: Meadowood HOA | HOA Dues: $60/ Annually

Appliances

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

Heating & Cooling

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

Utilities & Security

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

Accessibility

Accessibility: 0

School

School District: Twinsburg CSD

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: Alex S Carney 

Listing courtesy of: Russell Real Estate Services |  (440) 526-9400 

Tools for buyers

Data provided by: NORMLS, North/East OH
Last detected update: August 14, 2019 08:36AM 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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