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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 401 days
141 Osprey Watch Cir Unit 10B
Pawleys Island, SC 29585
3 Beds
3 Baths
1,925 ft2
Sold for
$395,000
Owners.com Estimate:
Estimated Payment:$1,567/mo

Enjoy beautiful sunsets in this marsh-front villa at Osprey Watch

3 bedrooms, 2.5 baths, spacious outdoor deck and a Carolina room with a view of the salt marsh. Many upgrades have been made in this unit, making it one of the best values in Litchfield by the Sea. In addition to the remodeled Carolina room, nearly all windows and doors were replaced with Anderson glass and all windows were upgraded with plantation shutters. The master bedroom was remodeled in 2009 and features unbelievable views of the marsh estuary. The kitchen was remodeled in 2009 with hard counters, stainless appliances and white cabinetry. The unit has a new washer, dryer and dishwasher along with a new stainless ice maker that was installed in 2017. The powder room has been remodeled and upgraded with a new counter, cabinetry and a toilet. The guest bathroom floor was tiled recently and the guest bedrooms were updated with new cabinets, counters and sinks. New ceiling fans have also been added. Carpeted stairs were removed and replaced with beautifully finished wood planks. There are almost too many upgrades to list. The storage room downstairs is very spacious and has been re-worked to accommodate golf cart parking along with plenty of room for tools and beach equipment. Other notable features include: 5.0 surround sound, bluetooth stereo, directional lighting in kitchen and all closet doors replaced with sliders. The unit is within walking distance of the community fishing and crab dock, tennis courts and beach club.

Property type
Condominium
Structure
Low-Rise 2-3 Stories, Two Story
Year built
1986
Parking
Under Bldg.
MLS #
1724212
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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
Virtual Tour: virtual tour | Room Types: Family / Great - Fireplace, Family / Great - Vaulted/Cathedral Ceiling, Carolina Room, Laundry/Utility

Bathrooms

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

Interior

Features: Furnished - Yes, Wind Treat. Convey

Exterior

Features: Porch - Screened, Balcony, Outside Storage Attached

Building

Property Types: Condominium | Year Built: 1986 | Structure: Low-Rise 2-3 Stories, Two Story | 1 floor | Siding: Wood | Floors: Carpet, Wood

Garage & Parking

Parking: Under Bldg.

Location

County: Georgetown | Real Estate Area: 41A Pawleys Island Area-Litchfield Beaches | MLS #: 1724212

Community

Condo Features: Clubhouse/Rec/Facilities, Outdoor Pool, Restrictions, Security, Tennis Court, Seller Disclosure, Owner Allowed Pet, Home Owners Assn Fee, Gated Community, Short Term Rental Allowed, Long Term Rental Allowed, Trash Pickup, Cable TV | Condo Maintenance: Water and Sewer, Trash - Pickup, Pool Service, Landscape/Lawn, Security, Common Maint/Repair

Appliances

Appliances: Dishwasher, Garbage Disposal, Refrigerator, Range, Microwave, Washer/Dryer, Wshr/Dryer Connection

Heating & Cooling

Air Conditioning: Central Air | Heating: Central Heating

Utilities & Security

Utilities: Cable, Electricity, Telephone | Sewer Service: Sewer | Water Source: Public Supply

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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Property History & Valuation

Local Insights

Listing provided by: The Jamie Beard Team 

Listing courtesy of: The Litchfield Company RE |  (843) 237-4000 

Tools for buyers

Data provided by: Coastal Carolinas Association of REALTORS®
Last detected update: December 27, 2018 01:42PM 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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