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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
196 days on Owners.com
12205 Oakland Hills Pt
Knoxville, TN 37934
5 Beds
4 Baths
6,036 ft2
$699,000
Owners.com Estimate:
Estimated Payment:$2,625/mo
HOA:$235, Yearly

BEAUTIFUL HOME IN FOX DEN W/ MOUNTAIN VIEWS & ACROSS THE STREET FROM THE GOLF COURSE! FEATURES: CIRCLE DRIVEWAY, NEW INT PAINT, REFIN'D TRUE HDWD FLRS, OFFICE/LIVING RM, GUEST SUITE W/ BATH, FORMAL D/R, KITCHEN W/ GRANITE, GLAZED CABINETS, GAS CKTOP, DBL OVENS W/ CONVECTION MICROWAVE, LG WALK-IN PANTRY, BRKFST BAR & DESK AREA

THE SPACIOUS GREAT RM HAS CATHEDRAL CLNGS, STONE GAS LOG F/P (MASONRY) & WET BAR W/ GRANITE TOP. THE UPSTAIRS OFFERS MSTR SUITE & BATH W/ JAC TUB, TILED SHOWER, GRANITE TOPS & CLOSET DESIGNED BY CLOSET SOLUTIONS! THERE ARE ALSO 2 LG BEDRMS PLUS A BONUS RM (COULD BE 6TH BEDRM)! THE FIN'D WALK-OUT BSMT FEATURES: EXTRA WASHER & DRYER HOOKUPS, BEDRM 5 & FULL BATH PLUS LOADS OF STORAGE! RETREAT OUTDOORS & ENJOY THE DECK W/ PERGOLA, GREAT YARD & GORGEOUS MOUNTAIN VIEWS!

Property type
Residential
Structure
Two Story with Basement
Year built
1989
Parking
Garage - Two, Garage - Attached, Garage Door Opener, Garage/Parking - Main Level, Garage/Parking - Side/Rear Entry
Price/Sqft
$116
MLS #
1078896
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SAVE PREFERENCES

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: 5
Virtual Tour: virtual tour | Room Types: Bonus Room, 2nd Rec Room, Basement Rec Room, Breakfast Room, Den/Study, Extra Storage, Family Room, Great Room, Laundry/Utility, Office/BR Main Level, Split Bedroom | Basement: true, Finished, Walk Out

Bathrooms

# of Full Bathrooms: 4
# of Half Bathrooms: 0

Interior

Features: Ceiling - Cathedral, Kitchen - Island, Pantry, Closet(s) - Walk-in, Washer/Dryer Connect, Bar - Wet Bar, Whirlpool Tub

Exterior

Features: Deck, Landscaping

Building

Property Types: Residential, Single Family Home | Year Built: 1989 | Structure: Two Story with Basement | Architecture: Traditional | Construction: Brick | Siding: Brick | Floors: Carpet, Wood - Hard, Tile | Windows: Insulated

Garage & Parking

Parking: Garage - Two, Garage - Attached, Garage Door Opener, Garage/Parking - Main Level, Garage/Parking - Side/Rear Entry

Lot

Lot Dimensions: 157M X 246.66 X IRR | Lot size: 0.60 acres | Lot Features: Golf Community, Level, Private, Rolling

Location

County: County | Subdivision: Fox Den | Real Estate Area: Knox County - 1 | Directions: West on Kingston Pike to Right into Fox Den S/D to Left on N. Fox Den Dr. to Left on Oakland Hills Pt. to home on Right w/circle driveway. | MLS #: 1078896

Community

Condo Maintenance: #OTHER | HOA Dues: $235/ Yearly

Appliances

Appliances: Dishwasher, Disposal, Stove - Gas, Microwave, Range / Oven, Refrigerator, Oven - Self-cleaning

Heating & Cooling

Air Conditioning: Central Air | Heating: Central Heating, Electric | Fireplace: true, 1, Gas Logs, Masonry, Stone

Utilities & Security

Sewer Service: City | Water Source: City | Safety and Security: Security Alarm, Smoke Detector

School

Elementary School: Farragut Intermediate | Middle School: Farragut | High School: Farragut

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

Property History & Valuation

Local Insights

Listing provided by: Debbie G. Holloway 

Listing courtesy of: Gables & Gates, REALTORS |  (865) 777-9191 

Tools for buyers

Data provided by: Knoxville Area Association of REALTORS®
Last detected update: October 22, 2019 05:13AM EST ~ Verified on November 04, 2019 11:54PM 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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