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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
202 days on Owners.com
975 Turnberry Cir
SCHWENKSVILLE, PA 19473
5 Beds
4 Baths
5,178 ft2
$799,000
Owners.com Estimate:
Estimated Payment:$3,000/mo
HOA:$115, Quarterly

Located in the secluded ~Preserve at Lederach Golf Course~, on a one acre professionally landscaped park-like setting with 11-zone sprinkler system and brick walkways, this home is a "must see!" Enter the front door and prepare to be wowed by the soaring 2-story foyer with its stunning crystal chandelier and curved open staircase

To your right is the formal living room which shares a 2-sided gas fireplace with the spacious conservatory. Like to entertain? The light filled gourmet kitchen has an enormous island, gas cooktop, double oven and a walk-in pantry. Open to the kitchen is the enlarged breakfast room with panoramic views of the beautifully landscaped yard and paver patio with built-in gas grill. The formal dining room is perfect for entertaining guests and celebrating special occasions. The spacious, inviting family room with 2-story ceiling, gas fireplace and views of the park-like backyard is the perfect place to relax with friends and family. A large den offers space for an in-home office or library. A laundry room and powder room round out the first floor. One may access the second floor via one of the two staircases - the back one off the kitchen or the formal one off the foyer. The master suite features a sitting area and two enormous walk-in closets. The master bath has a soaking tub, shower, double bowl vanity and a separate room with commode. There are four additional large bedrooms on the second floor, two of which share a full bath. There is also another separate full bath on the second floor. As you walk through this beautiful home, take time to pay attention to the fine craftsmanship exhibited in the upgraded molding and custom paint throughout, the nine-foot ceilings and soaring windows that allow for natural light. This is the original homeowner and they had the contractor provide fully custom woodwork throughout, additional framing and other additions. The home is brick on all four sides with an over-sized 3-car garage. Located close to major interstates, one can be in Philadelphia in an hour and the immediate area boasts several 5-start restaurants, numerous golf courses in addition to the one in the community and endless cultural opportunities. An easy bike ride takes one to the delightful town of Skippack with its quaint shops and fabulous restaurants.

Property type
Residential
Structure
Two Story, Story - Main, Story - Upper 1
Year built
2005
Price/Sqft
$154
MLS #
PAMC605382
Lot Size
49983 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: 5
Virtual Tour: virtual tour | Room Types: Living Room, Dining Room, Bedroom(s) - Master, Sitting Room, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Den, Foyer, Breakfast Room, Bedroom 1, 2nd Stry Fam Rm, Laundry, Bathroom 1, Bathroom 2, Bonus, Master Bathroom, Half Bath | Basement: true, Full, Drainage System, Poured Concrete, Slab, Sump Pump

Bathrooms

# of Full Bathrooms: 3
# of Half Bathrooms: 1

Interior

Features: Vacuum - Central, Air Filter, Ceiling - Fan(s), Chair Rail, Crown Moldings, Staircase(s), Floor Plan - Open, Lighting - Recessed, Walls - Dry

Exterior

Features: Fenced Back Yard, BBQ Grill, Extensive Hardscape, Exterior Lighting, Sidewalks, Patio, Above Grade, Below Grade | Irrigation: Underground Lawn Sprinkler

Building

Property Types: Residential | Year Built: 2005 | Structure: Two Story, Story - Main, Story - Upper 1 | Architecture: Colonial, Detached | Construction: Brick | Foundation: Concrete Perimeter | Floors: Carpet, Hardwood, Marble, Wood | Windows: Atrium, Bay/Bow, Energy Efficient, Palladian, Screens, Vinyl Clad

Garage & Parking

Garage: true

Lot

Lot Dimensions: 115.00 x 0.00 | Lot size: 1.15 acres | Lot size: 49983 sqft | Lot Features: Backs to Trees, Landscaping, Private, Secluded | Zoning: R1A

Location

County: MONTGOMERY-PA | Subdivision: PRESERVE AT LEDERACH | Real Estate Area: Lower Salford Twp (10650) | Directions: Route #73 to right onto Cross Road to right onto Tyson Road to a right onto Turnberry Circle. | MLS #: PAMC605382

Community

Condo Maintenance: Common Area Maintenance | HOA Dues: $115/ Quarterly

Appliances

Appliances: Microwave - Built In, Range - Built-in, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Ice Maker, Oven - Dual, Refrigerator, Washer - Front Loading

Heating & Cooling

Air Conditioning: Electric, Central Air | Heating: Gas Heating (Natural), 90% Forced Air, Central Heating, Programmable Thermostat, Zoned | Fireplace: true, 3, Fireplace - Glass Doors, Gas/Propane

Utilities & Security

Utilities: Hot Water - Natural Gas, Electric Service - 200+ Amp Service | Sewer Service: Public Sewer | Water Source: Public Supply | Safety and Security: Monitored

Accessibility

Accessibility: #NONE

School

School District: SOUDERTON AREA | High School: SOUDERTON AREA 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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Source: County(Public) Records

School Information

Property History & Valuation

Local Insights

Listing provided by: Douglas E Leach 

Listing courtesy of: EXP Realty, LLC 

Bright MLS

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Data provided by: Bright MLS
Last detected update: July 22, 2019 02:24PM 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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