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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
203 days on Owners.com
2350 County Road 1014
Bluff Dale, TX 76433
3 Beds
1 Bath
1,619 ft2
$1,445,000
Owners.com Estimate:
Estimated Payment:$5,426/mo

Over 171 acres of spectacular views located in the rolling hills of Somervell & Erath Counties

This ranch features a 6 stall horse barn, a lighted outdoor arena, working cattle pens, pipe fencing across front entrance, stocked fish pond, excellent deer, turkey, & varmint hunting, a highly productive coastal field for your own hay, & more. Recently updated quaint 1619 square foot stone ranch house with 3 bedrooms has been used & booked as an income producing bed and breakfast on a regular basis. A beautiful rock bedded creek runs through the ranch and panoramic views of Chalk Mountain and beyond abound. Located about 25 minutes from Granbury & 1 hour from Fort Worth. Great for your dream home or a retreat.

Property type
Farm / Ranch
Structure
1
Year built
1990
Parking
0Fenced Open Lot, #OTHER, Uncovered, Driveway - Asphalt
Price/Sqft
$893
MLS #
14080023
Lot Size
7478816 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: 3
Virtual Tour: virtual tour

Bathrooms

# of Full Bathrooms: 1
# of Half Bathrooms: 0

Interior

Features: Ceiling - Fan(s), Water Line to Refrigerator

Exterior

Features: Arena, Holding Pens, Satellite Dish, Stable, Fence - Cross, Pipe Fence, Smooth Wire Fence | Pool: false

Building

Property Types: Farm / Ranch, Residential | Year Built: 1990 | Structure: 1 | Architecture: Ranch, Southwestern, Farm/Ranch House, Single Detached | Construction: Rock/Stone | Roof: Metal | Foundation: Pier & Beam | Floors: Carpet, Laminate

Garage & Parking

Parking: Fenced Open Lot, #OTHER, Uncovered, Driveway - Asphalt, 0

Lot

Lot size: 171.690 acres | Lot size: 7478816 sqft | Lot range: Over 100 Acres | Lot Features: Acreage, Creek, Heavily Treed, Horses Permitted, Partially Cultivated, Pasture, Tank/ Pond

Location

County: Somervell | Subdivision: none | Real Estate Area: SOMERVELL COUNTY (75) | Directions: From south Forth Worth: I20 West to US 377 South (Exit 429A) toward Granbury. Take Exit TX144 (Granbury Glen Rose), slight right onto S. Morgan, 1st left onto Paluxy FM 51. Continue to follow FM 51, right onto CR 1014. | MLS #: 14080023

Appliances

Appliances: Water Heater - Electric, Dishwasher, Oven - Electric

Heating & Cooling

Air Conditioning: Central Air | Heating: Central Heating - Electric | Fireplaces: 2, Stone

Utilities & Security

Utilities: #OTHER, High Speed Internet Available | Sewer Service: Septic | Water Source: Well

School

School District: Glen Rose ISD | Elementary School: Glen Rose | High School: Glen Rose

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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Price History

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Source: County(Public) Records

School Information

Property History & Valuation

Local Insights

Listing provided by: Joe Potts 

Listing courtesy of: JP and Associates Willow Park 

Tools for buyers

Data provided by: North Texas Real Estate Information Systems
Last detected update: September 12, 2019 11:41AM 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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