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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
204 days on Owners.com
233 Spring Lane
ROYERSFORD, PA 19468
3 Beds
3 Baths
1,967 ft2
$327,305
Owners.com Estimate:
Estimated Payment:$1,229/mo
HOA:$152, Monthly

Immediate Delivery! Start fresh NOW in this Brand New Lexington model, loaded with a generous Builders Package for complete Luxury Living and Extreme Value Savings! This Lexington model has it all ~ an amazing Kitchen with 42" Sarsaparilla Cabinetry with soft close drawers, Granite Countertops, Stainless Appliance Package, including Refrigerator and 5 burner range, and Extended Kitchen Island with plenty of room for fun gatherings

Enjoy an open concept living space graced with wide plank hardwood throughout. The sunny slider in the dining area opens to large composite deck. Upstairs the roomy owners suite boasts a walk-in closet plus second closet, and tile bathroom with double sink vanity and tile surround shower. The upper laundry comes with a washer and dryer installed. The main floor features a family room with half bath and slider walk-out. Enclave at Ridgewood is located in the Spring-ford School District and convenient to all local shopping. Get to the Target shopping center in just minutes through NO traffic lights! Take back your weekends with grass cutting and landscaping done for you, plus your new low maintenance home comes with extensive 1, 2 and 10 year warranties with local, responsive customer service! The Enclave at Ridgewood is nestled in a beautiful natural setting bordering 88 acres of township open space, future parks and walking trails. Future amenities will include a Tot Lot, Covered Pavilion for parties and picnics, Bocce Court, and Trail. The new Villa Series is now selling from our new Sales Office and model home in the community at 300 Ridgewood Drive. OPEN 7 DAYS A WEEK 11:00-5:00 PM. Visit today! Disclaimer: photos used in this listing are from the Newport model home.

Property type
Residential
Structure
Three or More Stories, Story - Main, Story - Upper 3
Year built
2019
Parking
Driveway - Pavers, Paved Parking, Lighted Parking, Public, Space(s) - Unassigned
Price/Sqft
$166
MLS #
PAMC606964
Lot Size
0 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, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1, Bathroom 1, Bathroom 2 | 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 - Main, 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 #: PAMC606964

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, Hot Water - Electric, 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 20, 2019 09:50AM 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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