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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
196 days on Owners.com
218 Spring Lane
ROYERSFORD, PA 19468
3 Beds
3 Baths
1,967 ft2
$338,919
Owners.com Estimate:
Estimated Payment:$1,273/mo
HOA:$152, Monthly

EXTRA-Special Value! End Location Townhome for Your Move Now! Immediate Opportunity to Live By Design in the Spring-ford School District

This Brand New Home features sophisticated grey, soft close 42~ Cabinetry and Kitchen Island with white/grey Quartz Countertops, and beautiful grey/brown, wide plank Hardwood Floors. Live a Designers Dream! We added an upgraded Stainless Appliance Package including Refrigerator, plus Washer, Dryer and many many more designer upgrades throughout ~ just turn the key and go! The added value features of this Quick Delivery Lexington model stand out from the crowd! Boasts 3 BR's, 2-1/2 BA's and has 1,967 sq.ft. of Luxury Living space. This home comes complete. Also included is 10' X 12' Composite Deck for your low maintenance outdoor enjoyment, upgraded carpet, upgraded tile, and more. Relax, a Quality-Built Rouse Chamberlin Home is covered by extensive 1, 2, and 10 year warranties backed by a responsive, local customer service team. The Villas of Enclave at Ridgewood are not to be missed! Amenities will include a tot lot, covered pavilion for parties and picnics, bocce court, and walking trails. Tour this home 7 Days a Week 11:00am - 5:00 PM. Come to the community sales office at 300 Ridgewood Drive, or call or email today from our website RouseChamberlin.com. Disclaimer: Photos used in this listing are from the Newport model home, but this home is a wow, too! Stop in today!

Property type
Residential
Structure
Three or More Stories, Story - Upper 1, Story - Upper 3
Year built
2019
Parking
Driveway - Pavers, Paved Parking, Lighted Parking, Public, Space(s) - Unassigned
Price/Sqft
$172
MLS #
PAMC606950
Lot Size
0 sqft
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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: 3 | Room Types: Living Room, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1, Bathroom 1, Bathroom 2, Half Bath | Basement: false

Bathrooms

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

Interior

Features: Floor Plan - Open, Lighting - Recessed, Walls - Dry

Exterior

Features: Exterior Lighting, Sidewalks, Street Lights, Deck, Above Grade

Building

Property Types: Residential | Year Built: 2019 | Structure: Three or More Stories, Story - Upper 1, Story - Upper 3 | Architecture: #OTHER, Townhouse/Rowhouse | Construction: Stone | Roof: Pitched | Siding: Vinyl | Foundation: Slab | Floors: Carpet, Hardwood, Vinyl, Wood | Windows: Double-Pane, Energy Efficient, Insulated, Low-E, Screens, Vinyl Clad

Garage & Parking

Parking: Driveway - Pavers, Paved Parking, Lighted Parking, Public, Space(s) - Unassigned | Garage: true

Lot

Lot size: 0.00 acres | Lot size: 0 sqft | Zoning: RESIDENTIAL

Location

County: MONTGOMERY-PA | Subdivision: ENCLAVE AT RIDGEWOOD | Real Estate Area: Upper Providence Twp (10661) | Directions: Rt 422 to Royersford Exit - R onto Township Line Rd - R @ Spring Valley YMCA onto Linfield-Trappe Rd - Community is 2 miles on the right. | MLS #: PAMC606950

Community

Condo Maintenance: Common Area Maintenance, Lawn Maintenance, Snow Removal, Trash | HOA Dues: $152/ Monthly

Appliances

Appliances: Microwave - Built In, Dishwasher, Disposal, Energy Star, Exhaust Fan, Oven - Self-cleaning, Gas Oven / Range, Stainless Steel Appliances, Dryer - Electric, Refrigerator, Washing Machine, Water Heater

Heating & Cooling

Air Conditioning: Natural Gas, Central Air | Heating: Gas Heating (Natural), Forced Air | Fireplaces: false

Utilities & Security

Utilities: Cable TV Available, DSL Available, Electricity, Gas Utlities (Natural Available), Telephone, Wastewater / Sewage, Water, Electric Service - 200+ Amp Service | Sewer Service: Public Sewer | Water Source: Public Supply | Safety and Security: Sprinkler System

Accessibility

Accessibility: 2+ Access Exits, 32"+ wide Doors, 36"+ wide Halls, >84" Garage Door, Level Entry - Main

School

School District: SPRING-FORD AREA | Elementary School: UPPER PROVIDENCE | Middle School: SPRING-FORD MS 8TH GRADE CENTER | High School: SPRING-FORD SENIOR

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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Source: County(Public) Records

School Information

Property History & Valuation

Local Insights

Listing provided by: Edward Kane 

Listing courtesy of: Windtree Real Estate 

Bright MLS

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Data provided by: Bright MLS
Last detected update: October 22, 2019 04:07PM 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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