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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
201 days on Owners.com
Lot 8 Cow Creek Drive
Fair Play, SC 29643
-- Beds
-- Baths
-- ft2
$64,900
Owners.com Estimate:
Estimated Payment:$244/mo

8

83 acres just off Hwy 11. Property includes a creek running through the back of the property and nice land for building. This land would be great for enjoying the outdoors, having your own farm if you chose, or just enjoying the privacy of your own almost 9 acres. Located within walking distance to the Spotted Pig BBQ, your sure to have some great times with some good BBQ! Less then 30 minutes drive to Clemson University! Being close to I-85 exit 1, you are just over an hour from Atlanta, GA and about 35 minute drive to Greenville, SC. Oconee State Park and Lake Hartwell access all are within a couple of miles. This is a great location. Come out and see your new property today!

Property type
Lot / Land
MLS #
20216396
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My Home Features

Bathrooms

# of Full Bathrooms: 0.0

Building

Property Types: Lot / Land

Lot

Lot size: 8.83 acres | Lot range: 5-10 | Lot Features: Creek, Trees - Hardwood, Trees - Mixed

Location

County: Oconee | Real Estate Area: 206-Oconee County,SC | Directions: Cow Creek is off Hwy 11 beside Spotted Pig BBQ restaurant. | MLS #: 20216396

School

Elementary School: Fair-Oak Elem | Middle School: Oakway Middle | High School: West Oak High

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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Listing provided by: Josh Thomas 

Listing courtesy of: Keller Williams Seneca |  (864) 482-2700 

Tools for buyers

Data provided by: Western Upstate MLS
Last detected update: November 07, 2019 04:36AM EST ~ Verified on November 08, 2019 06:41AM 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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