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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
198 days on Owners.com
6001 - B19 S Kings Hwy
Myrtle Beach, SC 29575
4 Beds
3 Baths
1,650 ft2
$299,000
Owners.com Estimate:
Estimated Payment:$1,123/mo
HOA:$964, Semi-Annually

Best Value in Ocean Lakes!! Fantastic Location on Highly Desired, Seahorse Lane! 2nd row, 2-story Raised Beach House with fantastic ocean views located in award winning, ocean front Ocean Lakes

One row back from the beach and situated within walking distance to the pool and waterpark, this 4-bedroom, 3-bathroom home comes complete with all appliances and furnishings and is move in/rental ready. Beautiful open concept home with spectacular, scratch resistance, laminate wood flooring and exquisite concrete countertops. With two large upper decks and 2,400 sq. ft. under roof and over 1,600 heated sq. ft. you're sure to fall in love with this spacious home perfect for large families and entertaining. Imagine lounging in the large shaded patio on the mail level or the large upper deck with a good book and drifting off to sleep to the crashing sounds of the ocean waves. All of this situated in a gated and friendly beachfront neighborhood close to all Myrtle Beach has to offer. Home sleeps 14 comfortably and has excellent rental history. Must honor 2019 rentals. There is no HOA in Ocean Lakes however, the house is located on leased land, which is payed in two semiannual payments in January and July. Amenities abound in Ocean Lakes' gated community and include almost one mile of pristine white sand beach, 24 hour security, trash pick-up, free basic cable, indoor/outdoor swimming pools, water park/slides, lazy river, 2 full size basketball courts, miniature golf, fire pit, shuffle board, horseshoes, ping-pong, Sandy's Down-under skatepark, recreation building, arcade, general store, golf cart rentals, Sandys Meet & Eat restaurant and more! Homeowners and guests receive free admission to all amenities.

Property type
Residential
Structure
Two Story
Year built
1999
Parking
5UNDER HOUSE - RAISED BEACH
MLS #
1909920
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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 - Ceiling Fan

Bathrooms

# of Full Bathrooms: 3
# of Half Bathrooms: 0

Interior

Features: Formal Dining - No, Furnished, Breakfast Bar, Pantry, Wind Treat Convey

Exterior

Features: Patio, Deck, Balcony

Building

Property Types: Residential | Year Built: 1999 | Structure: Two Story | Architecture: Raised Beach | Construction: Frame - Wood | Siding: Vinyl | Floors: Vinyl, Tile, Laminate

Garage & Parking

Parking: UNDER HOUSE - RAISED BEACH, 5

Lot

Lot Dimensions: 42X62X42X62 | Lot size: 0.05 acres | Lot Features: Rectangular, Leased, Designated Flood Zone

Location

County: Horry | Subdivision: Ocean Lakes | Real Estate Area: 16J Myrtle Beach Area--includes Prestwick & Lakewood | Directions: 6001 S. Kings Hwy., Ocean Lakes Campground... located at the intersection of Highway 17 Business and Highway 544 in S. Myrtle Beach. | MLS #: 1909920

Community

Condo Maintenance: Restrictions, Clubhouse/Rec/Facilities, Pool, Security, Seller Disclosure, Gated Community, Short Term Rental Allowed, Owner Allowed Motorcyle, Tenant Allowed Motorcycle, Indoor Pool, Owner Allowed Golf Cart, Tenant Allowed Golf Cart, Owner Allowed Pet, Private Beach Comm Access, Trash - Pickup, Recreational Facilities, Master Antenna/Cable TV | HOA Dues: $964/ Semi-Annually

Appliances

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

Heating & Cooling

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

Utilities & Security

Utilities: Electricity, Cable, Underground Utilities, Telephone | Sewer Service: Sewer | Water Source: Well - Private | 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

School Information

Property History & Valuation

Local Insights

Listing provided by: Chip Cook 

Listing courtesy of: Keller Williams MB S. Realty |  (843) 443-9400 

Tools for buyers

Data provided by: Coastal Carolinas Association of REALTORS®
Last detected update: November 02, 2019 06:23PM 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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