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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
193 days on Owners.com
3824 May Apple Ln
Signal Mountain, TN 37377
6 Beds
4 Baths
4,021 ft2
$699,000
Owners.com Estimate:
Estimated Payment:$2,625/mo
HOA:$0, #NONE

Wow, custom meets luxury

This spacious two level, 6 bedrooms, 3.5 bath home sits on a private 1.9 acre lot surrounded by boulders and beautiful landscaped lot. Nearly all the living space is on main level which boost a beautiful large kitchen with generous amount of custom cabinetry, large pantry and top of the line appliances. Thermador range and dishwasher, extra large Frigidaire refrigerator. Hearthroom with stone fire place off the kitchen along with another large living room makes for perfect entertaining. Living room has spectacular windows overlooking the mountain boulders in backyard and onto large patio that offers another space to entertain. The home also has large laundry room with custom cabinetry, generous playroom with large closets, and two offices which could be used as b

Property type
Residential
Structure
Three Story
Year built
2014
Price/Sqft
$174
MLS #
1299081
Lot Size
87000 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: 6 | Room Types: Breakfast Room, 2nd Master, Bath - 1, Bath - Half, Bedroom - Additional, Bedroom(s) - Master, Bonus Room Finished, Dining Room, Gathering Room, Laundry, Living Room, Office/Library | Basement: Unfinished

Bathrooms

# of Full Bathrooms: 3
# of Half Bathrooms: 1

Interior

Features: Eat-In-Kitchen

Exterior

Features: Invisible Fence, Landscape Lights, Patio/Deck, Patio/Deck Covered, Porch - Covered

Building

Property Types: Residential | Year Built: 2014 | Structure: Three Story | Roof: Shingle - Composition | Siding: Siding, Stone - Partial | Foundation: Block

Garage & Parking

Garage: Two Car, Utility Garage

Lot

Lot Dimensions: N/A | Lot size: 1.90 acres | Lot size: 87000 sqft

Location

County: Hamilton | Subdivision: Boulder Point | Directions: Signal Mountain Rd, left on Anderson, Left on Shackleford Ridge Rd, right on May Apple Ln. | MLS #: 1299081

Community

HOA Dues: $0/ #NONE

Appliances

Appliances: Dishwasher, Gas Range - Drop In, Refrigerator

Heating & Cooling

Air Conditioning: 2 or More Units | Heating: Gas | Fireplaces: 1

Utilities & Security

Utilities: Electric Lines/Above Ground | Sewer Service: Septic - Tank

School

Elementary School: Nolan Elementary | Middle School: Signal Mountain Middle | High School: Signal Mtn

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

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Local Insights

Listing provided by: Jonathan Campbell 

Listing courtesy of: Keller Williams Realty |  (423) 664-1900 

Tools for buyers

Data provided by: Greater Chattanooga Association of REALTORS®
Last detected update: August 26, 2019 07:41AM EST ~ Verified on November 09, 2019 07:04PM 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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