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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
183 Merion Rd
YORK, PA 17403
5 Beds
2 Baths
2,227 ft2
$169,900
Owners.com Estimate:
Estimated Payment:$638/mo

This spacious, brick Colonial is located in the idyllic neighborhood of Springdale

Built in 1930, this home has stayed the course with a sturdy slate roof and hardwood floors throughout. It features a modernized kitchen with quartz countertops, ceramic tile flooring, and a bay window near the breakfast area. The separate dining room is big enough for the whole family. Crown molding and a pass-through window to the kitchen exemplify the many architectural details that make this home shine. The living room is cozy in winter with its wood-burning fireplace and opens to the beautiful windows of the adjacent sun room. The second story has the master bedroom, an updated full bathroom, and two additional bedrooms. The rear bedroom, which would also be enjoyable as an office or library space, has access to a covered porch overlooking the ornamental pond (complete with fish) and garden in the fenced back yard. In the finished attic, there are two bedrooms with a fully-renovated half bathroom in between. The recreation room in the basement is cable-ready for use as a theater room or family gaming area. This home also has convenient off-street parking in a detached, two-car garage. Great location; a scenic five-minute walk through a beautiful neighborhood to York Hospital or York College. A great place to call home! Schedule a private tour to explore all the wonderful features this home has to offer.

Property type
Residential
Structure
Two and a Half Level, Story - Upper 1, Story - Upper 2
Year built
1930
Price/Sqft
$76
MLS #
PAYK115826
Lot Size
6325 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, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Family Room, Sun/Florida Room | Basement: true, Full

Bathrooms

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

Interior

Features: Ceiling - Fan(s), Floor Plan - Traditional

Exterior

Features: Fully Fenced, Fence - Privacy, Wood Fence, Sidewalks, Patio, Balcony, Above Grade, Below Grade

Building

Property Types: Residential | Year Built: 1930 | Structure: Two and a Half Level, Story - Upper 1, Story - Upper 2 | Architecture: Colonial, Detached | Construction: Brick | Floors: Carpet, Wood

Garage & Parking

Garage: true

Lot

Lot size: 0.15 acres | Lot size: 6325 sqft | Lot Features: Corner Lot, Level | Zoning: RS

Location

County: YORK-PA | Subdivision: SPRINGDALE | Real Estate Area: York City (15201) | Directions: From South Queen St, turn west onto Merion Road, house on the right. | MLS #: PAYK115826

Appliances

Appliances: Dishwasher, Microwave, Refrigerator, Stove

Heating & Cooling

Air Conditioning: #NONE, Window Unit(s) | Heating: Gas Heating (Natural), Radiator | Fireplace: true, 1, Wood

Utilities & Security

Utilities: Hot Water - Natural Gas, Electric Service - Circuit Breakers | Sewer Service: Public Sewer | Water Source: Public Supply | Safety and Security: Exterior Cameras

Accessibility

Accessibility: #NONE

School

School District: YORK CITY

Owners.com Estimated Value

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Source: County(Public) Records

School Information

Property History & Valuation

Local Insights

Listing provided by: Robert J Stuart 

Listing courtesy of: Berkshire Hathaway HomeServices Homesale Realty 

Bright MLS

Tools for buyers

Data provided by: Bright MLS
Last detected update: August 26, 2019 04:35AM 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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