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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
205 days on Owners.com
00 Indian Springs Road
Blacksburg, SC 29702
-- Beds
-- Baths
-- ft2
$175,000
Owners.com Estimate:
Estimated Payment:$657/mo

This 35+/- acres parcel of undeveloped land is packed with mostly mature hardwood timber

Some rolling hills and a creek. For those that love the great outdoors, this bountiful 35+/- acres parcel offers abundant opportunities! Being heavily wooded, the land has many ideal locations for the perfect private DREAM HOME, or a getaway cabin. Great investment property, camping business, timber farm, hunting club, or general outdoor enthusiasts. Drone video highlighting the vast mature timber on this 35+/- acre parcel: https://bit.ly/2H0jbGU Drone video showing Zoar Church Road: https://bit.ly/2H5dxTS Parcel is a short distance beyond the vineyard seen at the end of the video. Property is located on a shared, private road and tucked away from the grid. The parcel is close to I-85 with easy access to Spartanburg/Greenville, or Charlotte. All images outlined in color are approximate. Buyer to survey the land for exact acreage. Please refer to the Tax Map #225-00-00-006.000 for exact location.

Property type
Lot / Land
MLS #
261065
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My Home Features

Bathrooms

# of Full Bathrooms: 0.0

Building

Property Types: Lot / Land

Lot

Lot size: 35 acres | Lot range: 25-50 Acres | Lot Features: Rural, Flood Plain Area, Sloped, Stream/Creek, Wooded, #OTHER

Location

County: Cherokee, SC | Real Estate Area: Blacksburg | Directions: From Spartanburg take I-85 North to Exit 102. Turn (R) and drive 7.8 miles and left onto Highway 55 and drive for .8 of a mile. Left onto Piedmont Road/Highway 731, drive 1/2 mile. Left onto Zoar Church Road and stay straight. 4-wheel vehicle or walk. | MLS #: 261065

School

School District: 8 (Outside Co) | Elementary School: 8-Blacksburg Elem | Middle School: Other | High School: Other

Owners.com Estimated Value

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Local Insights

Listing provided by: STEPHEN HOLLETT 

Listing courtesy of: KELLER WILLIAMS REALTY-1 |  (864) 574-6000 

Spartanburg Association of REALTORS®

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Data provided by: Spartanburg Association of REALTORS®
Last detected update: August 13, 2019 02:06PM EST ~ Verified on November 15, 2019 05:42AM 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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