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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
199 days on Owners.com
120 Oak Trace Court
Chapin, SC 29063
5 Beds
4 Baths
3,336 ft2
$400,000
Owners.com Estimate:
Estimated Payment:$1,502/mo

Oasis is the perfect way to describe what you'll have when you make this property your home

Golf course views in the morning, followed a relaxing steam shower in your spa like master bathroom. Quartz dual vanities really make you feel pampered as you won't run out of space for your necessities. The master on main flows into the large main areas of the open that are the definition of open concept. Molding, high ceilings and hardwood floors accent the portions of your home that will be open to your friends and family. The granite counter top kitchen is ideal for food prep. If that isn't enough entertaining space, you have a beautifully refinished deck and screened in porch over looking the 12th tee box. Upstairs you have three additional bedrooms and another spacious room that can be a bedroom, movie room, office or anything else you can imagine. The entire house has been repainted for you as well! All of this, and zoned for award winning Lexington-Richland Five schools makes this home a "move quickly or miss out" featured home.

Property type
Residential
Year built
2007
Parking
4
Price/Sqft
$120
MLS #
470293
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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: Great Room - Bookcase, Great Room - Fireplace, Great Room - Floors-Hardwood, Great Room - Ceiling-Vaulted | Basement: false, Crawl Space

Bathrooms

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

Interior

Features: Bar, Pantry

Exterior

Pool: false

Building

Property Types: Residential, Single Family Home | Year Built: 2007 | Architecture: Traditional | Siding: Brick-All Sides-AbvFound | Floors: Carpet, Hardwood, Tile

Garage & Parking

Parking: 4 | Garage: Attached

Lot

Lot size: 0.38 acres | Lot Features: Cul de Sac, Golf Course

Location

County: Lexington | Subdivision: TIMBERLAKE PLANTATION | Real Estate Area: Rural NW Rich Co & NE Lex Co - Chapin | MLS #: 470293

Community

Condo Maintenance: Common Area Maintenance

Appliances

Appliances: Dishwasher, Disposal, Microwave Built In, Range - Self Clean, Range - Smooth Surface

Heating & Cooling

Air Conditioning: Central Air | Heating: Heat Pump | Fireplaces: 1

Utilities & Security

Sewer Service: Public | Water Source: Public Supply

School

School District: Lexington/Richland Five | Elementary School: Chapin | Middle School: Chapin | High School: Chapin

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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Property Tax

Price History

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Price
Source: County(Public) Records

School Information

Property History & Valuation

Local Insights

Listing provided by: William King 

Listing courtesy of: Keller Williams Columbia |  (803) 772-5858 

Tools for buyers

Data provided by: Consolidated Multiple Listing Service
Last detected update: September 22, 2019 09:35PM EST ~ Verified on November 05, 2019 03:53AM 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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