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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
203 days on Owners.com
4170 W Market St
YORK, PA 17408
3 Beds
3 Baths
2,954 ft2
$249,900
Owners.com Estimate:
Estimated Payment:$938/mo

Professionally maintained 3 or 4 bedroom 3 full bath brick rancher located in West York School District

This property offers all the amenities and one floor living. Three bedrooms, three full bathrooms, large open dining & living room with hardwood floor and gas fireplace, kitchen with hardwood floor and custom cherry cabinetry by Wayne Kitchen, granite counter tops, large modern sun room with 12,000 Mitsubishi Air Conditioner (2018) and heated ceramic tile floor, large partially finished basement with working fireplace, large area currently family/game room, laundry room, and large unfinished area suited for storage or workshop with outside entrance through Bilco doors. Hot water baseboard heat, central air conditioning on first floor, and central vacuum system. Can easily be ADA handicap accessible as the two rear entrances are grade level. Step outside into a beautiful landscaped front and rear yard, spacious garden shed, concrete patio, two car insulated heated 650 SF garage with electric opener, new roof (2015), vinyl replacement windows, asphalt and freshly seal-coated driveway and parking area. The first floor is 2,034 SF, finished portion of the basement is approximately 920 SF, the unfinished portion of the basement is approximately 640 SF, and the two-car garage is approximately 650 SF. Owner Financing!

Property type
Residential
Structure
Single Story, Story - Main
Year built
1957
Parking
Driveway - Asphalt, Lighted Parking
Price/Sqft
$85
MLS #
PAYK115804
Lot Size
24577 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: Bedroom 2, Bedroom 3, Kitchen, Game Room, Family Room, Basement, Bedroom 1, Sun/Florida Room, Laundry, Bathroom 1, Bathroom 2, Bathroom 3 | Basement: true, Space For Rooms, Poured Concrete, Finished - Partial, Outside Entrance, Improved

Bathrooms

# of Full Bathrooms: 3

Interior

Features: Vacuum - Central, Built-in(s), Ceiling - Fan(s), Dining Area, Family Room Off Kitchen, Floor Plan - Open, Lighting - Recessed, Walls - Dry

Exterior

Features: Fence - Partial, Fence - Privacy, Wood Fence, Exterior Lighting, Outbuilding(s), Play Area, Patio, Living Structures - Screened, Above Grade, Below Grade

Building

Property Types: Residential | Year Built: 1957 | Structure: Single Story, Story - Main | Architecture: Ranch, Detached | Construction: Brick | Roof: Asphalt | Foundation: Block | Floors: Carpet, Hardwood, Heated, Tile/Brick, Wood | Windows: Double-Pane, Energy Efficient

Garage & Parking

Parking: Driveway - Asphalt, Lighted Parking | Garage: true

Lot

Lot size: 0.56 acres | Lot size: 24577 sqft | Lot Features: Landscaping, Private, Rear Yard, Road Frontage, Wooded | Zoning: LC - LOCAL COMMERCIAL

Location

County: YORK-PA | Subdivision: WEST YORK | Real Estate Area: West Manchester Twp (15251) | Directions: 4170 W MARKET ST | MLS #: PAYK115804

Appliances

Appliances: Microwave - Built In, Dishwasher, Dryer, Gas Oven / Range, Range Hood, Refrigerator, Washing Machine, Water Heater

Heating & Cooling

Air Conditioning: Electric, Central Air | Heating: Gas Heating (Natural), Central Heating, Steam or Hot Water Heating | Fireplace: true, 2, Gas/Propane, Brick, Wood

Utilities & Security

Utilities: Cable TV, Electricity, Gas Utlities (Natural Available), Phone, Water, Hot Water - Natural Gas, Electric Service - 200+ Amp Service | Sewer Service: Septic Exists | Water Source: Public Supply | Safety and Security: Security System

Accessibility

Accessibility: Entry Slope <1', 2+ Access Exits, Level Entry - Main, Thresholds <5/8", #OTHER

School

School District: WEST YORK AREA | Middle School: WEST YORK AREA | High School: WEST YORK AREA

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: Keith A Kahlbaugh 

Listing courtesy of: Bennett Williams Realty Inc 

Bright MLS

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Data provided by: Bright MLS
Last detected update: October 31, 2019 09:13AM 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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