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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
316 Greenwood Ave
JENKINTOWN, PA 19046
6 Beds
3 Baths
2,712 ft2
$445,000
Owners.com Estimate:
Estimated Payment:$1,671/mo

Absolutely Charming! This storybook home is ideally located in the very heart of Jenkintown Borough

..one block from school, two blocks from the Jenkintown Train Station, a few blocks from the Jenkintown Shopping and Restaurant District...it is perfect! Gather family and friends on the front porch or near the pond right out the back door. WAIT until you see the backyard...such a rare find in Jenkintown to have such an extra large backyard! It is gorgeously manicured with perennial gardens and get ready to set up badminton or soccer goals, or day and dinner parties under candle light and the moon. Such great memories you will create in this lovely and private backyard; a safe place for children to play and for family and friends to get together. The interior of this home is bright and airy throughout. It will surely grab you the minute you walk into the foyer and notice the dual staircase and the freshly painted living room and dining room...it looks fabulous! The hardwood floors, wood-burning fireplace, french doors out to the front porch, and large spacious rooms give you a relaxed and comfortable feeling. Large dining room for family dinners and sizable rooms throughout, this is a must see house. Please feel free to make an appointment...you will be so happy you did!

Property type
Residential
Structure
Three or More Stories, Story - Main, Story - Upper 1, Story - Upper 2
Year built
1920
Parking
Driveway - Asphalt, Driveway - Pavers, Paved Parking, Private
Price/Sqft
$164
MLS #
PAMC607368
Lot Size
11250 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: 6 | Room Types: Living Room, Dining Room, Bedroom(s) - Master, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Study / Office, Bathroom 1, Bathroom 2, Half Bath | Basement: true, Full, Shelving

Bathrooms

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

Interior

Features: Crown Moldings, Double/Dual Staircase, Lighting - Recessed

Exterior

Features: Play Area, Sidewalks, Stone Retaining Walls, Street Lights, Water Fountains, Above Grade, Below Grade

Building

Property Types: Residential | Year Built: 1920 | Structure: Three or More Stories, Story - Main, Story - Upper 1, Story - Upper 2 | Architecture: Colonial, Detached | Construction: Stucco | Roof: Asphalt, Pitched | Foundation: Stone | Floors: Tile - Ceramic, Hardwood, Partially Carpeted, Wood

Garage & Parking

Parking: Driveway - Asphalt, Driveway - Pavers, Paved Parking, Private | Garage: true

Lot

Lot Dimensions: 50.00 x 0.00 | Lot size: 0.26 acres | Lot size: 11250 sqft | Zoning: B

Location

County: MONTGOMERY-PA | Subdivision: JENKINTOWN | Real Estate Area: Jenkintown Boro (10610) | Directions: Rt. 611S to right onto West Avenue to left onto Walnut Street to right onto Greenwood Avenue. Home is on the left. | MLS #: PAMC607368

Appliances

Appliances: Range - Built-in, Dishwasher, Disposal, Gas Oven / Range, Stainless Steel Appliances, Washing Machine

Heating & Cooling

Air Conditioning: Natural Gas, Central Air | Heating: Gas Heating (Natural), Forced Air | Fireplace: true, 1, Brick, Fireplace - Glass Doors, Mantel(s), Wood

Utilities & Security

Sewer Service: Public Sewer | Water Source: Public Supply

Accessibility

Accessibility: #NONE

School

School District: JENKINTOWN | Elementary School: JENKINTOWN | Middle School: JENKINTOWN MIDDLE SCHOOL | High School: JENKINTOWN

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: Lynn Mundy Coggin 

Listing courtesy of: BHHS Fox & Roach-Jenkintown 

Bright MLS

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Data provided by: Bright MLS
Last detected update: October 25, 2019 11:22AM EST ~ Verified on November 04, 2019 08:32PM 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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