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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
197 days on Owners.com
250 Maison Dr # E-10
Myrtle Beach, SC 29572
2 Beds
2 Baths
1,275 ft2
$134,900
Owners.com Estimate:
Estimated Payment:$507/mo

If you are ready for some fun in the sun, take a look at this wonderful, well maintained 3rd floor 2 bedroom 2 bath condo only steps from the beach

Located in the Summertree Village complex this condo provides you with all of the comforts you will need while at the beach. This condo has a comfortable living room with a sliding glass door that opens up to the spectacular pool view from your screened balcony, tile & carpet flooring, fully furnished, timeless wet bar, dining area, breakfast bar, white on white appliances, flat top range, built-in microwave, ceiling fans, recessed lighting, master bedroom with a sliding glass door that opens up to its' own private balcony with a relaxing view of the pool. The Summertree Village has sensational amenities that include a sparkling outdoor pool, indoor pool, soothing hot tub and a timeless sauna. This condo provides you close proximity to all the attractions and amenities of Myrtle Beach, with fine dining, wonderful world-class entertainment, fishing piers, and exciting shopping experiences on the Grand Strand. Just a short drive to medical centers, doctors offices, pharmacies, banks, post offices, and grocery stores. Check out our state of the art 4-D Virtual Tour.

Property type
Condo / Townhome
Structure
Low-Rise 2-3 Stories, Single Story
Year built
1983
Parking
1.5 Car Unit
MLS #
1909674
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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: 2
Virtual Tour: virtual tour | Room Types: Foyer

Bathrooms

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

Interior

Features: Furnished - Yes, Living Room - Ceiling Fan

Exterior

Features: Balcony

Building

Property Types: Condo / Townhome | Year Built: 1983 | Structure: Low-Rise 2-3 Stories, Single Story | Construction: Frame - Wood | 3 floor | Floors: Carpet, Tile

Garage & Parking

Parking: 1.5 Car Unit

Location

County: Horry | Real Estate Area: 16B Myrtle Beach Area--Arcadian | MLS #: 1909674

Community

Condo Features: Outdoor Pool, Restrictions, Home Owners Assn Fee, Trash Pickup, Cable TV | Condo Maintenance: Electric Common, Water and Sewer, Trash - Pickup, Pool Service, Landscape/Lawn, Insurance, Manager, Legal and Accounting, Master Antenna/Cable TV, Common Maint/Repair, Pest Control

Appliances

Appliances: Refrigerator, Range, Microwave, Wshr/Dryer Connection, Water Heater - Electric

Heating & Cooling

Air Conditioning: Central Air | Heating: Central Heating

Utilities & Security

Utilities: Cable, Electricity, Telephone | Sewer Service: Sewer | Water Source: Public Supply | Safety and Security: Smoke Detector

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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Local Insights

Listing provided by: The Greg Sisson Team 

Listing courtesy of: RE/MAX First Choice |  (843) 642-8585 

Tools for buyers

Data provided by: Coastal Carolinas Association of REALTORS®
Last detected update: October 24, 2019 08:45AM EST ~ Verified on November 06, 2019 04:07AM 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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