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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
951 Carmel Dr
Charleston, SC 29412
4 Beds
2 Baths
2,340 ft2
$425,000
Owners.com Estimate:
Estimated Payment:$1,596/mo

Beautiful home in great location only one stop light to downtown

Heart of pine floors in the dining room, family room, hall and master bedroom. This home has living space galore. Formal dining room, Formal living room with fireplace and large picture window, eat in kitchen with island and large family room with fireplace. Front porch and back porch. Finished room over garage is 4th bedroom has brand new carpet and beamed ceiling. Large yard with lemontree and grapefruit tree. HVAC is still under warranty. Refrigerator in kitchen, TV and DVD player in family room all convey ''as is''. Square footage in tax records does not include family room that was added onto house sometime ago. This house has so much great living space. Must see to appreciate.

Property type
Single Family Home
Structure
Single Story
Year built
1988
Parking
Garage - Attached, Garage - Two
Price/Sqft
$182
MLS #
19012781
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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 | Room Types: Family Room, Formal Living, Foyer, Frog Attached, Laundry

Bathrooms

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

Exterior

Features: Wood Fence, Porch - Full Front, Gutters, Lawn Well, Porch - Front Porch

Building

Property Types: Single Family Home | Year Built: 1988 | Structure: Single Story | Architecture: Traditional | Roof: Architectural | Siding: Stucco | Foundation: Crawl Space | Floors: Tile - Ceramic, Carpet - Wall-to-wall, Wood

Garage & Parking

Parking: Garage - Attached, Garage - Two

Lot

Lot size: 0.31 acres | Lot Features: Cul de Sac, High, Inside, Wooded

Location

County: Charleston | Subdivision: Lawton Bluff | Real Estate Area: 21 - James Island | MLS #: 19012781

Heating & Cooling

Air Conditioning: Central Air | Heating: Gas | Fireplaces: 2, Gas Logs

Utilities & Security

Sewer Service: Sewer - Public | Water Source: Public Supply

School

Elementary School: Harbor View | High School: James Island Charter

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

School Information

Property History & Valuation

Local Insights

Listing provided by: Sherrie Lindberg 

Listing courtesy of: The Boulevard Company, LLC |  (843) 619-7816 

Tools for buyers

Data provided by: Charleston Trident Association of REALTORS®
Last detected update: September 07, 2019 09:57AM EST ~ Verified on November 09, 2019 07:05PM 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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