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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
201 days on Owners.com
7300 Porcher Dr Apt 11
Myrtle Beach, SC 29572
3 Beds
3 Baths
1,975 ft2
$199,900
Owners.com Estimate:
Estimated Payment:$751/mo

Beautiful three story, true town home in one of the best areas in Myrtle Beach

Walk to the ocean, shops, grocery stores, and some of the best restaurant in town. This spacious town house has lots of natural light, a fenced in courtyard, two covered balconies, vaulted ceilings, large bedrooms, and a great living area. Best of all it's only steps to the beach and is NOT in a flood zone! You want to see this one before it's gone!

Property type
Condo / Townhome
Structure
Townhouse, Three or More Stories
Year built
1977
Parking
2 Car Unit
MLS #
1909909
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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: 3 | Basement: Crawl Space

Bathrooms

# of Full Bathrooms: 2
# of Half Bathrooms: 1

Interior

Features: #Furnished - No, Living Room - Vaulted/Cathedral Ceiling, Wind Treat. Convey, Lead Based Paint Disc.

Exterior

Features: Balcony, Deck, Fence

Building

Property Types: Condo / Townhome | Year Built: 1977 | Structure: Townhouse, Three or More Stories | 1 floor | Siding: Wood | Foundation: Slab | Floors: Carpet, Tile

Garage & Parking

Parking: 2 Car Unit

Lot

Lot Features: Rectangular

Location

County: Horry | Real Estate Area: 16D Myrtle Beach Area--48th Ave N to 79th Ave N | Directions: Take 17 BUS to 74th Ave North. Town Homes will be on your right just past the intersection of 74th and Porcher. | MLS #: 1909909

Community

Condo Features: Restrictions, Seller Disclosure, Owner Allowed Pet, Tenant Allowed Pet, Long Term Rental Allowed, Trash Pickup, Cable TV, Internet Access, Recycling Available, Owner Allowed Motorcycle, Tenant Allowed Motorcycle, Owner Allowed Golf Cart, Tenant Allowed Golf Cart

Appliances

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

Heating & Cooling

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

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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Source: County(Public) Records

School Information

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Local Insights

Listing provided by: Jay Bonnoitt Jr 

Listing courtesy of: CENTURY 21 Boling & Associates |  (843) 449-2121 

Tools for buyers

Data provided by: Coastal Carolinas Association of REALTORS®
Last detected update: November 01, 2019 12:22PM 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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