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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
2744 Stellar Loop
Myrtle Beach, SC 29577
4 Beds
2 Baths
1,950 ft2
$324,000
Owners.com Estimate:
Estimated Payment:$1,217/mo
HOA:$65, Monthly

Beautiful open one-story floor plan with 4 bedrooms, 2 baths, a front porch and a rear covered porch! Main living area has 11 ft

high ceilings, Large kitchen with breakfast bar/ counter height island with quartz, corner walk in pantry, stainless steel appliances with a natural gas cooking, and 36" staggered cabinets. Other features include hardwood-look tile floors throughout living areas, bathrooms and laundry, crown molding, 5 1/4 inch baseboard and much more. Master suite has double closets, tiled 5' Shower, linen closet, and double vanity. Large covered back porch off living area. Golf cart to the beach and The Market Common restaurants & entertainment. This home is under construction, photos are of model home of same floor plan.

Property type
Residential
Structure
Single Story
Year built
2019
Parking
4Attached 2-Car, Garage Door Opener
MLS #
1909670
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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
Virtual Tour: virtual tour | Room Types: 16 x 14, 1st Floor Bedrooms, 1st Floor Baths, Foyer, Laundry/Utility

Bathrooms

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

Interior

Features: Formal Dining - No, 23 x 11, Breakfast Bar, Pantry

Exterior

Features: Front Porch, Rear Porch

Building

Property Types: Residential, Single Family Home | Year Built: 2019 | Structure: Single Story | Architecture: Ranch | Construction: Frame - Wood | Siding: Concrete Fiber Siding | Foundation: Slab | Floors: Tile, Carpet

Garage & Parking

Parking: Attached 2-Car, Garage Door Opener, 4

Lot

Lot size: 0.15 acres | Lot Features: Rectangular

Location

County: Horry | Subdivision: Summit at Meridian - Market Commons | Real Estate Area: 16G Myrtle Beach Area--Southern Limit to 10TH Ave N | Directions: Meridian community is located off 17 bypass. From Hwy 17Bypass, turn onto Farrow parkway, then take 1st left onto Fred Nash Blvd near Walmart. Go straight through round-a-bout and straight at stop sign, follow Fred Nash to Meridian entrance on right. Models are ahead and to the right on Skylar Drive. | MLS #: 1909670

Community

Condo Maintenance: Home Owners Assoc. Fees, Restrictions, Clubhouse/Rec/Facilities, Pool, Long Term Rental Allowed, Owner Allowed Motorcyle, Owner Allowed Golf Cart, Electric Common, Pool Service, Common Maint/Repair, Recreational Facilities, Legal and Accounting | HOA Dues: $65/ Monthly

Appliances

Appliances: Range, Dishwasher, Garbage Disposal, Microwave, Stainless Steel Appliances, Wshr/Dryer Connection, Water Heater - Gas

Heating & Cooling

Air Conditioning: Central Air | Heating: Central Heating, Electric, Gas

Utilities & Security

Utilities: Electricity, Gas, Cable, Underground Utilities, 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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Source: County(Public) Records

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Local Insights

Listing provided by: Kate Barr 

Listing courtesy of: DR Horton |  (843) 357-8400 

Tools for buyers

Data provided by: Coastal Carolinas Association of REALTORS®
Last detected update: November 01, 2019 03:00PM EST ~ Verified on November 06, 2019 04:02AM 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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