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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 76 days
1637 Hack Ct
Surfside Beach, SC 29575
4 Beds
3 Baths
1,750 ft2
Sold for
$250,000
Owners.com Estimate:
Estimated Payment:$995/mo
HOA:$95, Monthly

What a view from this better than new 4 bedroom (3 bedroom & bonus room), 3 bath home in the Chalets section of the popular Surfside Beach Club

Nestled on a lovely lot on a quiet street with outstanding lake views. Located less than 2 miles to the beach, this Craftsman style home offers a front porch and a great lot with views of the lake from the oversized back patio. This gently used home has only been used as a vacation home about 8 weeks a year. Open floor plan with spacious family room with hardwood flooring. Good sized kitchen with dining area, granite countertops, black appliances, pantry and breakfast bar. Spacious master bedroom with large walk-in closet overlooks the backyard lake. Master bath with raised vanity with cultured marble top, walk-in shower and linen closet. Split bedroom plan with 2 additional bedrooms on 1st floor with ceiling fans and a guest bath with shower/tub and raised vanity. Upstairs there is a spacious bonus room/4th bedroom that family and friends are sure to enjoy with ceiling fan and a full bath with walk-in shower. Laundry room with shelving off of the garage. A sliding glass door from the family room leads to the oversized patio. What a great spot for grilling, entertaining and building memories with family and friends or just relaxing and enjoying the beautiful view of the lake and nature at its best. The fisherman in the family is sure to enjoy the backyard fishing. Custom window shades, two car garage, irrigation system and termite bond. The Surfside Beach Club is a gated community that features colonial reproduction street lamps, sidewalks on both sides of the street, a beautiful resort style pool overlooking a large lake, clubhouse, exercise room and hot tub. The community offers a large variety of activities and publishes a monthly newsletter and calendar of events to keep its residents informed of all the exciting events happening in the community. Just a golf cart ride to the beautiful blue Atlantic, close to restaurants, shopping, grocery stores, medical facilities, the Murrells Inlet Marsh Walk, Brookgreen Gardens and endless golf. Measurements and square footage are approximate and not guaranteed. Buyer is responsible for verification.

Property type
Residential
Structure
1.5 Stories
Year built
2012
Parking
4Attached 2-Car, Garage Door Opener
MLS #
1909816
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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: 13x21, Family / Great - Ceiling Fan, 1st Floor Bedrooms, 1st Floor Baths, Laundry/Utility

Bathrooms

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

Interior

Features: Formal Dining - No, Furnished - No, Breakfast Bar, Pantry, Breakfast Nook, Wind Treat Convey, Master Bath - Shower

Exterior

Features: Deck, Front Porch, Lawn Sprinkler

Building

Property Types: Residential, Single Family Home | Year Built: 2012 | Structure: 1.5 Stories | Architecture: Contemporary | Siding: Vinyl | Foundation: Slab | Floors: Vinyl, Wood, Carpet

Garage & Parking

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

Lot

Lot Dimensions: 62x130x62x130 | Lot size: 0 acres | Lot Features: Rectangular

Location

County: Horry | Subdivision: Surfside Beach Club - The Chalets | Real Estate Area: 28A Surfside Area--Surfside Triangle 544 to Glenns Bay | Directions: From Coastal Grand Mall in Myrtle Beach, take US 17 Bypass south toward Surfside Beach. Continue straight for 6.8 miles, pass SC Hwy 544 (Dick Pond Road) and make a left into the Surfside Beach Club, which is just north of Glenns Bay Road. Surfside Beach Club is a gated community. Use entrance on northbound side of 17 Bypass between Glenns Bay Road & 544. Once thru the gate, take the 1st left onto Kessinger Drive. Go 0.2 miles and turn left onto Spalding Ct. Turn left onto Hack Ct and 1637 will be on your left. | MLS #: 1909816

Community

Condo Maintenance: Home Owners Assoc. Fees, Restrictions, Clubhouse/Rec/Facilities, Pool, Seller Disclosure, Gated Community, Long Term Rental Allowed, Owner Allowed Motorcyle, Owner Allowed Golf Cart, Electric Common, Trash - Pickup, Pool Service, Manager, Common Maint/Repair, Security, Recreational Facilities, Legal and Accounting | HOA Dues: $95/ Monthly

Appliances

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

Heating & Cooling

Heating: Central Heating, Electric

Utilities & Security

Utilities: Electricity, Cable, Underground Utilities, 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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Local Insights

Listing provided by: Burchfield Team 

Listing courtesy of: Realty ONE Group DocksideSouth |  (843) 357-4030 

Tools for buyers

Data provided by: Coastal Carolinas Association of REALTORS®
Last detected update: July 18, 2019 06:39AM 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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