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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
194 days on Owners.com
1049 Shadow Wood Ln
Morristown, TN 37814
3 Beds
5 Baths
3,032 ft2
$374,900
Owners.com Estimate:
Estimated Payment:$1,408/mo
HOA:$0, Monthly

This meticulously maintained home is a must see!! Located in Hickory Shadows on the west end of Morristown

This home with 3 bedrooms, and 4 1/2 baths has plenty of room for your family to enjoy. The spacious open floor plan on the main level is ideal for gatherings with family, and friends. Beautiful crown molding, and hardwood flooring throughout the main level. The interior has been recently painted, and new carpet installed. The large 3 bedrooms are located on the upper level with a split bedroom design, and a bonus room. The large finished basement is ideal for hobbies, and entertainment. Enjoy a stay-cation when you step out to the back deck that focuses your attention to a large pool. This home is perfect for your family! Call now to schedule your showing.

Property type
Residential
Structure
Two Story
Year built
2004
Parking
Garage - Two, Garage/Parking - Basement, Garage Door Opener, Garage/Parking - Main Level, Garage/Parking - Side/Rear Entry
Price/Sqft
$124
MLS #
1078816
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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 | Room Types: Bonus Room, Basement Rec Room, Breakfast Room, Den/Study, Laundry/Utility, Split Bedroom | Basement: true, Finished - Partial, Walk Out

Bathrooms

# of Full Bathrooms: 4
# of Half Bathrooms: 1

Interior

Features: Internet Available, Pantry, Ceiling - Trey, Closet(s) - Walk-in, Washer/Dryer Connect, Whirlpool Tub

Exterior

Features: Cable Available (TV Only), Deck, Pool - Above Ground

Building

Property Types: Residential, Single Family Home | Year Built: 2004 | Structure: Two Story | Architecture: Traditional | Construction: Block, Brick, Frame | Siding: Brick, Vinyl | Floors: Carpet, Wood - Hard, Vinyl | Windows: Aluminum, Insulated

Garage & Parking

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

Lot

Lot size: 0.56 acres | Lot Features: Rolling

Location

County: County | Subdivision: Hickory Shadow Iv | Real Estate Area: Hamblen County - 38 | Directions: Take 11E to west Morristown Turn onto Panther Creek Rd. Turn right onto McGinnis Rd. Turn right onto Hickory Shadow Dr. Turn left onto Hickory View Dr. Turn right onto Shadow Wood Ln. House on the right with sign. | MLS #: 1078816

Community

HOA Dues: $0/ Monthly

Appliances

Appliances: Dishwasher, Disposal, Microwave, Range / Oven

Heating & Cooling

Air Conditioning: Ceiling Fan, Central Air | Heating: Central Heating, Forced Air, Heat Pump, Electric, Gas Heating (Natural) | Fireplace: true, 1, Gas Logs, Insert

Utilities & Security

Sewer Service: Septic | Water Source: Public | Safety and Security: Smoke Detector

School

Middle School: West View | High School: Morristown West

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

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Local Insights

Listing provided by: Lisa Brown 

Listing courtesy of: Crye-Leike Lakeway Real Estate |  (423) 586-3100 

Tools for buyers

Data provided by: Knoxville Area Association of REALTORS®
Last detected update: October 22, 2019 05:44AM 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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