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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
226 days on Owners.com
26650 465th Ave
Hartford, SD 57033
3 Beds
3 Baths
1,857 ft2
$539,500
Owners.com Estimate:
Estimated Payment:$2,026/mo

Drive 4

5 miles out of town to 23 acres, your own private lake, and the charm of log cabin living. Ducks, geese, pheasants, deer, and so much other wildlife around you to enjoy on your very own 23 acres. You will love the log home design with open floor plan, tons of south windows, and so many unique vintage finishes. Three bathrooms and three bedrooms including a huge loft master suite overlooking the main floor and lake. Kitchen has breakfast bar and pantry next to a grand living room with corner fireplace. Home has in floor heat, surround sound, new 2019 shingles and a big unfinished basement if you need more living space. This is a beautiful getaway for nature lovers without the long drive.

Property type
Residential
Structure
1.5 Stories
Year built
1999
Parking
2Driveway - Gravel, #NONE
Price/Sqft
$291
MLS #
21902373
Lot Size
1010592 sqft
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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: Partial

Bathrooms

# of Full Bathrooms: 2
# of Half Bathrooms: 1
# of Three Quarter Bathrooms: 0

Interior

Features: Ceiling - Fan(s), Ceiling - Vaulted, Master Bath

Exterior

Features: Storage Shed, Shade Trees, Landscaping, Patio

Building

Property Types: Residential, Single Family Home | Year Built: 1999 | Structure: 1.5 Stories | Roof: Shingle - Composition | Siding: Wood | Foundation: Poured | Floors: Carpet, Laminate, Vinyl, Concrete

Garage & Parking

Parking: Driveway - Gravel, #NONE, 2 | Garage: Attached

Lot

Lot Dimensions: Irregular | Lot size: 23.2 acres | Lot size: 1010592 sqft | Lot Features: #OTHER

Location

County: Minnehaha | Subdivision: WILDFLOWER ACRES ADDN 25 101 51 WALL LAKE TOWNSHIP | Real Estate Area: SF-60 | Directions: From W. 41st St. & Tea/Ellis, W. 4 miles to 465th, N 1/2 mile | MLS #: 21902373

Appliances

Appliances: Water Heater - Electric, #NONE, Electric Oven/Range, Microwave, Dishwasher, Refrigerator, Washing Machine, Dryer, Sump Pump, Whirlpool Tub, Garage Door Opener

Heating & Cooling

Air Conditioning: Central Air | Heating: Propane, #OTHER | Fireplaces: 1, Gas

Utilities & Security

Sewer Service: Permitted | Water Source: Rural Water | Safety and Security: Smoke Detector

School

School District: West Central | Elementary School: West Central ES | Middle School: West Central MS | High School: West Central HS

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: Tom Garry 

Listing courtesy of: Hegg, REALTORS |  (605) 336-2100 

Tools for buyers

Data provided by: REALTOR® Association of the Sioux Empire, Inc
Last detected update: September 14, 2019 04:12PM EST ~ Verified on November 15, 2019 05:42AM 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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