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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
202 days on Owners.com
3683 Farmington Pl
Myrtle Beach, SC 29579
4 Beds
4 Baths
2,350 ft2
$243,350
Owners.com Estimate:
Estimated Payment:$914/mo
HOA:$10, Monthly

This is your home! Just minutes from Arrowhead Golf Course

Step through the new front door of this newly renovated home and enjoy the wood floors in main living areas, ceramic tile in baths AND amazing upgraded waterfall carpet on the stairs and in the upstairs bedrooms. The seller has purchased a new appliance package, just for you! The beautiful kitchen has some glass front cabinets, granite, back splash and a large breakfast bar. Home also offers 4 bedrooms, with large closets and 3 full baths, and a half bath. First floor master suite has a new sliding door leading out to an awesome white pergola! Lawn has irrigation. Additional princess suite or second master suite on the 2nd floor! 2 car garage has a painted floor. All new exterior doors, new hot water heater, new door knobs and new door hinges throughout. Don't miss this opportunity to make this home yours!!

Property type
Residential
Structure
Two Story
Year built
1998
Parking
4Attached 2-Car, Garage Door Opener
MLS #
1909903
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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 / Great - Vaulted/Cathedral Ceiling

Bathrooms

# of Full Bathrooms: 3
# of Half Bathrooms: 1

Interior

Features: Formal Dining - No, Living Room - Fireplace, Breakfast Bar, Pantry

Exterior

Features: Fireplace, Patio, Fence

Building

Property Types: Residential, Single Family Home | Year Built: 1998 | Structure: Two Story | Architecture: Traditional | Siding: Brick Veneer, Vinyl | Foundation: Slab | Floors: Tile, Carpet, Laminate

Garage & Parking

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

Lot

Lot size: 0 acres | Lot Features: Rectangular

Location

County: Horry | Subdivision: Farmington | Real Estate Area: 24B Myrtle Beach Area-- south of 501 between Burcale & waterway | MLS #: 1909903

Community

Condo Maintenance: Home Owners Assoc. Fees, Long Term Rental Allowed | HOA Dues: $10/ Monthly

Appliances

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

Heating & Cooling

Air Conditioning: Central Air | Heating: Central Heating

Utilities & Security

Utilities: Electricity | 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: Linda Phillips 

Listing courtesy of: Phillips Realty |  (843) 238-8664 

Tools for buyers

Data provided by: Coastal Carolinas Association of REALTORS®
Last detected update: October 28, 2019 09:49AM 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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