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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
200 days on Owners.com
1717 Springer Rd
Sevierville, TN 37862
4 Beds
5 Baths
4,740 ft2
$699,900
Owners.com Estimate:
Estimated Payment:$2,628/mo
HOA:$0

Investors

.. on track to do $100k rental for 2019 with advance bookings that can transfer. (Management fee only 20%). This unique log home offers 3 levels of spacious living in the main house. 4 large bedrooms w/large closets, 3.5 baths w/custom tile showers. Main level offers master bedroom, living room w/ fireplace, well equipped kitchen w/stainless appliances, double oven, granite. Upper level offers two large bedrooms, sitting room, Lower level offers spacious game room, kitchenette, large bedroom & private entrance. Hot tub , over 1500 sq ft of wrap around porches. also comes with an adorable Guest House! All situated on almost 2 acres with beautiful views and tons of privacy. Close to Dollywood & Splash Country. This would make a great permanent residence, 2nd home, or continue as a vacation rental. Don't let this opportunity pass you by!

Property type
Single Family Home
Structure
Two Story
Year built
1993
Parking
Carport - Attached
Price/Sqft
$148
MLS #
222161
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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: Recreation | Basement: Finished

Bathrooms

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

Interior

Features: Ceiling - Fan(s), Furniture, Large Master Bedroom, Walk In Closets, Whirlpool Spa, High Speed Internet, Closet(s)

Exterior

Features: Deck, Gutters, Out Building, Outside Storage, Patio, Private Yard, Surfaced Drive, Hot Tub / Spa, Shed

Building

Property Types: Single Family Home | Year Built: 1993 | Structure: Two Story | Architecture: Cottage, Country, Log, Cabin | Construction: Site Built, Log | Roof: Metal | Foundation: Basement | Floors: Wood | Windows: Double Window, Window Treatment

Garage & Parking

Parking: Carport - Attached

Lot

Lot size: 1.86 acres | Lot Features: Wooded | Zoning: R-1

Location

County: Sevier | Subdivision: Seaton Springs Sub | Real Estate Area: Sevierville | Directions: From Veterans Blvd Take Jayell Rd. Take right onto Seaton Springs. Right onto Springer Rd. Driveway is on the right. See sign for Smoky Bear Lodge and real estate sign. | MLS #: 222161

Community

HOA Dues: $0

Appliances

Appliances: Dishwasher, Oven - Dual, Dryer, Range - Electric, Microwave, Refrigerator, Satellite TV-Leased, Washing Machine, Water Filter

Heating & Cooling

Air Conditioning: Central Electric | Heating: Electric H/P, Wall | Fireplaces: 3, Gas Logs, Masonry, Wood burning

Utilities & Security

Sewer Service: Septic, Septic Permit on File | Water Source: Well | 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: Kelli Gambill 

Listing courtesy of: Century 21 Four Seasons WOD |  (865) 436-2121 

Tools for buyers

Data provided by: Great Smoky Mountains real estate, homes for sale & REALTORS®
Last detected update: October 01, 2019 06:22PM EST ~ Verified on November 04, 2019 06:52PM 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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