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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
199 days on Owners.com
101 Ledge Spgs
Boerne, TX 78006
4 Beds
4 Baths
3,200 ft2
$650,000
Owners.com Estimate:
Estimated Payment:$2,441/mo
HOA:$700, Annually

Designed w/simplicity in mind this property offers just enough space

Welcoming foyer opens an entertainers layout w/neutral color. Features include stain & leaded glass windows, hard surface flring, ceilings trimmed in crown & recessed lighting. Generous family w/wall of windows to admire the view. Kitchen showcasing custom cabinetry, gas cking, plus pantry for extra storage. Split mstr suite w/picturesque view through flr to ceilng windows & outside access. Front living could be office. Sprinkler system.

Property type
Single Family Home
Structure
Single Story
Year built
2007
Parking
Garage - Automatic Opener, Garage - Attached, Oversized
Price/Sqft
$203
MLS #
1381391
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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: Walk-in Pantry

Bathrooms

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

Interior

Features: Ceiling - Fan(s), Chandelier, Pre-Wired for Security, Plumb for Water Softener, Two Living Area, Separate Dining Room, Two Eating Areas, Breakfast Bar, Utility Room Inside, 1st Floor Lvl/No Steps, Open Floor Plan, Pull Down Storage, Window Coverings - All Remain

Exterior

Features: Patio Slab, Patio - Covered, Fence - Privacy, Wrought Iron Fence, Mature Trees | Pool: false, #NONE | Irrigation: Sprinkler(s)

Building

Property Types: Single Family Home | Year Built: 2007 | Structure: Single Story | Architecture: Traditional | Roof: Metal | Siding: 4 Sides Masonry | Foundation: Slab | Floors: Carpet, Tile - Ceramic | Windows: Double-Pane

Garage & Parking

Parking: Garage - Automatic Opener, Garage - Attached, Oversized

Lot

Lot size: 1.03 acres | Lot range: 1/2-1 Acre, 1 - 2 Acres | Lot Features: Corner Lot, Mature Trees (ext feat), Level

Location

County: Kendall | Subdivision: MENGER SPRINGS | Real Estate Area: 2501 | Directions: I 10 North to Merger Springs to right on Creek Springs to Left on Ledge Springs. House on Corner. | MLS #: 1381391

Community

HOA Dues: $700/ Annually

Appliances

Appliances: Cook Top, Oven - Built-in, Oven - Self-cleaning, Microwave, Gas Oven / Range, Disposal, Dishwasher, Ice Maker Connection, Water Softener (owned), Vent Fan, Water Heater - Electric, 2+ Water Heater Units

Heating & Cooling

Air Conditioning: Two Central, Zoned | Heating: Central, 2 Units, Gas Heating (Propane Owned) | Fireplaces: 0, #NONE

Utilities & Security

Utilities: Cable TV Available, High Speed Internet | Sewer Service: Septic | Water Source: Water System | Safety and Security: Smoke Alarm, Security System (Owned)

Accessibility

Accessibility: Int Door Opening 32"+, Ext Door Opening 36"+, Doors-Swing-In, Low Pile Carpet, No Steps Down, Level Lot, Level Drive, No Stairs, First Floor Bath, Full Bath/Bed on 1st Flr, First Floor Bedroom, Stall Shower

School

School District: Boerne | Elementary School: Kendall Elementary | Middle School: Boerne Middle S

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: Melissa Stagers 

Listing courtesy of: M. Stagers Realty Partners |  (210) 305-5665 

Tools for buyers

Data provided by: San Antonio Board of REALTORS®
Last detected update: May 14, 2019 01:05AM EST ~ Verified on November 09, 2019 07:03PM 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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