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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
195 days on Owners.com
00 John B Dennis Hwy
Kingsport, TN 37660
-- Beds
-- Baths
-- ft2
$125,000
Owners.com Estimate:
Estimated Payment:$469/mo
HOA:$0

Flat lot right on the main hwy, Great location! Would be perfect to build your dream shop or restaurant

You don't want to miss out. Get it while it lasts. All info is deemed reliable but to be verified.

Property type
Lot / Land
MLS #
420948
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My Home Features

Bathrooms

# of Full Bathrooms: 0.0

Building

Property Types: Lot / Land

Lot

Lot Dimensions: 150X376.77IRR | Lot size: 1.28 acres | Lot Features: Cleared, Level | Zoning: Commercial

Location

County: SULLIVAN | Subdivision: Roy Bailey Sub | Real Estate Area: Bloomingdale,Crown Col,Windrid | Directions: On John B Dennis Hwy the property will be located on the right passed Sullivan North High School across the Hwy from Mamas house restaurant. | MLS #: 420948

Community

HOA Dues: $0

Utilities & Security

Utilities: Electricity, Gas Utlities (Natural), Street Lights | Sewer Service: Sewer-Public | Water Source: Public Supply

School

Elementary School: BROOKSIDE | Middle School: KETRON | High School: SULLIVAN NORTH

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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School Information

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Local Insights

Listing provided by: PAUL GRAY 

Listing courtesy of: MICHAEL WALKER REALTY & AUCTION |  (423) 256-3733 

Tennessee Virginia Regional MLS

Tools for buyers

Data provided by: Tennessee Virginia Regional MLS
Last detected update: May 01, 2019 03:57PM EST ~ Verified on November 09, 2019 07:40PM 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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