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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."
SOLD
Sold in 56 days
360 Saint Catherine Bay Ct
Myrtle Beach, SC 29575
4 Beds
4 Baths
2,450 ft2
Sold for
$300,000
Owners.com Estimate:
Estimated Payment:$1,183/mo
HOA:$450, Monthly

Spectacular Lake Front Raised Beach House featuring Built in ELEVATOR and stairs! Community very close to beach, short golf cart ride away

4 bedrooms and 4 baths with a separate kitchenette. Custom back splash in both kitchens and master bath. Perfect for guests or in law suite and to host the whole crew. Quiet Cul De Sac. Relax with privacy and enjoy the water and water fountain from balcony with Trex style deck. Community offers high end Resort style amenities boasting a Club House, Fitness Room, Indoor Heated Pool. Heated Spa, Lazy River. Beach Life living at its finest! Plantation shutters, Crown Molding, Tray Ceilings, Jetted tub in master. 2nd washer/dryer area. Has a loft or use as office/playroom or more sleeping quarters with loads of storage. Over sized 2 car garage. Outdoor granite kitchen and patio. Brand new air/heat in 2018. All exterior Maintenance, Insurance Electric Common, Water and Sewer, trash pickup, pool service,pest control, recreation facilities. All square footage and measurements are approximate and not guaranteed. Buyer responsible for verification.

Property type
Residential
Structure
Three or More Story
Year built
2009
Parking
4Attached 2-Car, Garage Door Opener
MLS #
1909884
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SAVE PREFERENCES

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: Den/Study/Library, 1st Floor Baths, Foyer, Laundry/Utility, Mother in Law Suite

Bathrooms

# of Full Bathrooms: 4
# of Half Bathrooms: 0

Interior

Features: Formal Dining - Yes, Furnished - No, Living Room - Tray Ceiling, Breakfast Bar, Pantry, Breakfast Nook, Elevator, Master Bath - Double Sink, Master Bath - Garden Tub, Master Bath - Shower, Master Bath - Vanity, Master Bath - Whirlpool Tub

Exterior

Features: Patio, Deck, Balcony, Fence, Lawn Sprinkler, Built-in BBQ

Building

Property Types: Residential, Attached Single Family | Year Built: 2009 | Structure: Three or More Story | Architecture: Raised Beach | Siding: Vinyl | Floors: Tile, Carpet

Garage & Parking

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

Lot

Lot Features: Irregular, Cul de Sac

Location

County: Horry | Subdivision: Ocean Walk | Real Estate Area: 16J Myrtle Beach Area--includes Prestwick & Lakewood | MLS #: 1909884

Community

Condo Maintenance: Home Owners Assoc. Fees, Clubhouse/Rec/Facilities, Pool, Long Term Rental Allowed, Trash - Pickup, Lawn Maintenance, Owner Allowed Motorcyle | HOA Dues: $450/ Monthly

Appliances

Appliances: Range, Dishwasher, Garbage Disposal, Refrigerator, Microwave, Washer/Dryer, Water Heater - Electric

Heating & Cooling

Air Conditioning: Central Air | Heating: Forced Air

Utilities & Security

Utilities: Electricity, Gas, Cable, Telephone | 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: Steve Toop 

Listing courtesy of: United Brokers Ltd. |  (877) 827-8919 

Tools for buyers

Data provided by: Coastal Carolinas Association of REALTORS®
Last detected update: June 27, 2019 04:57PM 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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