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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."
SOLD
Sold in 36 days
513 Abberly Ln
Boiling Springs, SC 29316
3 Beds
2 Baths
2,150 ft2
Sold for
$236,000
Owners.com Estimate:
Estimated Payment:$899/mo
HOA:$150

Look no further, AMAZING HOME in desirable Boiling Springs! Open floor plan with three bedrooms, two full baths, and a bonus room

Walk up to the front porch through the double curved front doors into the tiled foyer overlooking the formal dining room and great room. Formal dining room has curved archways with crown molding, picture frame molding, and hardwood floors. Large great room with decorative ceiling, corner fireplace w/gas logs, and hardwood floors. Spacious kitchen with decorative floor tile inlay, breakfast area with bay window, stainless steel appliances, and walk in pantry with shelving. Master bedroom has step up box ceiling, 6x9 sitting room, walk in closet with custom shelving. Master bath has double sinks, separate tile shower, and jetted tub with tile surround. Split bedroom floor plan with large secondary bedrooms. 15x20 bonus room with walk in door to attic access. Laundry room is walk in with shelving. Relax on the rear covered deck area overlooking the private backyard or on the front porch. Every man's dream - garage door at the rear of home opens to 9' ceilings through the stand up crawl space with partial concrete flooring. Excellent handy man room or great for storage.

Property type
Residential
Structure
1 w/ Bonus Room
Year built
2012
Parking
Driveway - Paved-Concrete
Price/Sqft
$111
MLS #
247841
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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: Attic, Bonus, Bedroom(s) - Main Floor Master | Basement: #NONE

Bathrooms

# of Full Bathrooms: 2
# of Half Bathrooms: 0

Interior

Features: Ceiling - Fan(s), Window Trmnts-Some Remain, Gas Logs, Cable Available, Ceilings-Cathedral/Raised, Ceilings-Some 9 Ft +, Ceiling - Trey, Fireplace, Ceilings-Smooth, Open Floor Plan, Split Bedroom Plan, Breakfast Area

Exterior

Features: Deck, Porch-Front, Porch, Vinyl/Aluminum Trim, Street Lights, Lighting, Storage Space - Attic, Storage Space - Garage, Garbage Pickup - Private | Irrigation: Sprinkler - Partial Yard

Building

Property Types: Residential, Single Family Home | Year Built: 2012 | Structure: 1 w/ Bonus Room | Architecture: Craftsman | Roof: Architectural | Siding: Stone, Vinyl | Foundation: Crawl Space | Floors: Carpet, Tile - Ceramic, Wood - Hard | Windows: Insulated, Tilt Out

Garage & Parking

Parking: Driveway - Paved-Concrete | Garage: Two Car, Attached, Garage

Lot

Lot Dimensions: 100x237x100x225 | Lot size: 0.52 acres | Lot range: < 1 | Lot Features: Sloped, Some Trees, Underground Utilities

Location

County: Spartanburg, SC | Subdivision: Shaftsbury | Real Estate Area: Boiling Springs | Directions: Hwy 9 toward Lake Bowen, R on Bible Chruch Road, cross over Rainbow Lake Road, L into Shaftsbury | MLS #: 247841

Community

HOA Dues: $150

Appliances

Appliances: Dishwasher, Disposal, Microwave, Oven - Convection, Range - Free Standing, Stove - Electric, Oven - Self-cleaning, Water Heater - Electric

Heating & Cooling

Air Conditioning: Central Forced | Heating: Forced Air, Heating Fuel Type - Electricity

Utilities & Security

Sewer Service: Septic Tank | Water Source: Public Water | Safety and Security: Smoke Detector

School

School District: 2 | Elementary School: 2-Oakland, 2-Rainbow Lake Middle School | High School: 2-Boiling Springs

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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School Information

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Local Insights

Listing provided by: LISA DONALD 

Listing courtesy of: KELLER WILLIAMS REALTY-2 |  (864) 707-2315 

Spartanburg Association of REALTORS®

Tools for buyers

Data provided by: Spartanburg Association of REALTORS®
Last detected update: December 21, 2017 07:23PM EST ~ Verified on October 16, 2019 10:27PM 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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