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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
40 Bailey Blvd
East Greenwich, RI 02818
4 Beds
4 Baths
3,882 ft2
$845,000
Owners.com Estimate:
Estimated Payment:$3,173/mo

Welcome to 40 Bailey Blvd in the Chestnut Hill neighborhood of East Greenwich

Spectacular open flow estate residence including 3883 sq. ft. above grade AND a 1050 sq. ft. finished lower level. Originally constructed in 2002, major renovation has just been completed: New Master Bathroom; kitchen, island, granite/quartz countertops, appliance additions; basement wet bar; new stone fascia for Great Room fireplace. Every element of this home is special and meticulously maintained. Grand two story foyer. Gourmet kitchen with awesome quartz island, premium stainless appliances, and huge dining area; which opens to Great Room. First floor also includes home office. The master suite is huge with sitting area, new bath, and walk in closet. 3 Additional bedrooms and a second floor office or bedroom. Lower level is amazing with new wet bar entertainment center, music room, workshop and great storage. The property involves over an acre with stone walls, irrigation system, and a new storage shed. Do not miss this opportunity.

Property type
Single Family Home
Year built
2002
Parking
3
Price/Sqft
$218
MLS #
1222157
Lot Size
47154 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: 4
Virtual Tour: virtual tour | Basement: Interior Only Access, Finished, Playroom, Storage Area, Utility Room, Workshop, Full

Bathrooms

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

Interior

Features: Carpeting, Ceiling - Fan(s), Skylight(s), Bar - Wet Bar

Exterior

Features: Deck

Building

Property Types: Single Family Home | Year Built: 2002 | Siding: Clapboard, Wood | Foundation: Concrete | Floors: Tile - Ceramic, Hardwood, Carpet - Wall-to-wall

Garage & Parking

Parking: 3 | Additional Parking: Garage - Automatic Opener | Garage: Integral

Lot

Lot size: 1.0825 acres | Lot size: 47154 sqft | Lot Features: Sprinklers, Wooded

Location

County: Kent | Neighborhood: Chestnut Hill | MLS #: 1222157

Appliances

Appliances: Dishwasher, Dryer, Disposal, Range Hood, Oven, Refrigerator, Washing Machine

Heating & Cooling

Air Conditioning: Central Air | Heating: Central Air, Hydro-Air | Fireplaces: 1, Stone

Utilities & Security

Utilities: Cable | Sewer Service: Septic System | Water Source: Well | Safety and Security: Alarm Owned

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
Source: County(Public) Records

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Local Insights

Listing provided by: The Phipps Team 

Listing courtesy of: PHIPPS REALTY |  (401) 884-1030 

Tools for buyers

Data provided by: State-Wide Multiple Listing Service, Inc.
Last detected update: October 03, 2019 05:03PM EST ~ Verified on November 04, 2019 11:54PM 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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