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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 37 days
62730 Todd Rd
Bend, OR 97701
3 Beds
2 Baths
1,812 ft2
Sold for
$485,000
Owners.com Estimate:
Estimated Payment:$1,836/mo
HOA:$0

Stunning Cascade Mountain views from this private 4

8 acre property located just on the outskirts of Bend. This beautiful, single level, custom built home with separate Master Suite offers two fireplaces, vaulted ceilings, soaking tub, walk in closet with an open concept throughout living room, dining and kitchen. Features also include central vac, surround sound, and is set up for networking. Cascade Mountain views sprawl from entire back section of home on an elevated lot! Out back there is a horse corral with 3 stalls, chicken coup, extra room for a shop, a new 800 ft well, and an automatic front gate!

Property type
Residential
Structure
Single Story
Year built
2002
Parking
Garage- Ext Length, Covered, #OTHER, Driveway - Gravel, Garage - Single, RV Access/Parking, RV - Hook-ups, Garage - Double, Garage - Attached, Garage Door Opener
Price/Sqft
$270
MLS #
201906647
Lot Size
210830 sqft
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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 | Room Types: Kitchen, Living Room, Dining Area, Utility

Interior

Features: Ceiling - Fan(s), Vacuum - Central, Master Ground Level

Exterior

Features: Animal Stalls, Corrals, Outdoor Arena, Fence, Landscaping | Irigation: false, Sprinkler(s)

Building

Property Types: Residential | Year Built: 2002 | Structure: Single Story | Architecture: Ranch | Construction: Frame | Roof: Composition | Foundation: Stemwall | Floors: Carpet, Slate/Stone, Vinyl | Windows: ENERGY STAR Windows

Garage & Parking

Parking: Garage- Ext Length, Covered, #OTHER, Driveway - Gravel, Garage - Single, RV Access/Parking, RV - Hook-ups, Garage - Double, Garage - Attached, Garage Door Opener

Lot

Lot size: 4.84 acres | Lot size: 210830 sqft | Zoning: RR10

Location

County: Deschutes | Real Estate Area: Bend Cascade View | MLS #: 201906647

Community

HOA Dues: $0

Appliances

Appliances: Microwave, Range / Oven, Dishwasher, Disposal, Water Heater - Propane

Heating & Cooling

Air Conditioning: Central Air | Heating: Propane, Forced Air

Utilities & Security

Sewer Service: Septic Inst | Water Source: Cistern, Well

School

Elementary School: Tumalo | Middle School: Obsidian | High School: Ridgeview

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

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Local Insights

Listing provided by: Erika Stratton Sanzone 

Listing courtesy of: Keller Williams Realty C.O. |  (541) 585-3760 

Tools for buyers

Data provided by: Central Oregon Association of REALTORS®
Last detected update: August 16, 2019 11:21AM EST ~ Verified on October 16, 2019 02:51AM 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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