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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
197 days on Owners.com
791 Wollaston Rd
KENNETT SQUARE, PA 19348
3 Beds
3 Baths
4,577 ft2
$589,000
Owners.com Estimate:
Estimated Payment:$2,212/mo

Unique and elegant country home in East Marlborough Township on 4

6 acres. Situated off the road, this home offers abundant privacy. Enter to an impressive foyer featuring a wide turned staircase to an open second level, wainscotting, soaring ceiling, center hall leading to the family room and hardwood flooring extending throughout the entire first floor. To the left is the genteel living room. With vaulted ceiling, recessed lighting and large palladin windows, this room is filled with light. The dining room offers a modern farmhouse-feel, is very bright and also has wainscotting. Enjoy cooking and serving meals in this spacious kitchen. Sleek white cabinetry, tile backsplash, stainless appliances, counter seating and an eating area. The family room has an exquisite floor-to-ceiling fireplace flanked by french doors to the deck. This first floor master bedroom is a place to retire from the day. Featuring a high ceiling and fan, recessed lighting, large windows providing lots of natural light, and french door to deck. The master bath has a separate grooming area, long double sink vanity, soaking tub and separate shower stall. Powder room and large laundry room with plenty of cabinets complete this level. Upstairs are two additional large bedrooms and a full bath. The spacious deck has room for dining as well as a conversation area. The grounds are full of mature trees and expansive open space. Don't miss this wonderful opportunity!

Property type
Residential
Structure
Two Story, Story - Main, Story - Upper 1
Year built
1994
Price/Sqft
$129
MLS #
PACT474858
Lot Size
202467 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: Living Room, Dining Room, Kitchen, Family Room | Basement: true, Full

Bathrooms

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

Exterior

Features: Above Grade, Below Grade

Building

Property Types: Residential | Year Built: 1994 | Structure: Two Story, Story - Main, Story - Upper 1 | Architecture: Traditional, Detached | Construction: Stucco

Garage & Parking

Garage: true

Lot

Lot Dimensions: 0.00 x 0.00 | Lot size: 4.65 acres | Lot size: 202467 sqft | Zoning: RB

Location

County: CHESTER-PA | Subdivision: NONE AVAILABLE | Real Estate Area: East Marlborough Twp (10361) | MLS #: PACT474858

Heating & Cooling

Air Conditioning: Electric, Central Air | Heating: Forced Air | Fireplaces: 1

Utilities & Security

Sewer Service: On Site Septic | Water Source: Well

Accessibility

Accessibility: #NONE

School

School District: UNIONVILLE-CHADDS FORD

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: Jayne Bair 

Listing courtesy of: C21 Pierce & Bair-Kennett 

Bright MLS

Tools for buyers

Data provided by: Bright MLS
Last detected update: May 02, 2019 10:18AM 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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