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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
201 days on Owners.com
1200 County Road 2070
Commerce, TX 75428
5 Beds
2 Baths
1,890 ft2
$606,000
Owners.com Estimate:
Estimated Payment:$2,276/mo

REDUCED!!!

..176.590 + or - acres. Being 7 years in a wildlife management program. This property has a lot to offer! Here you will find a Barndominium making for an excellent hunting lodge for guests... with 5 bedrooms that sleeps 12, 1.5 baths, kitchen with granite counter tops, & large living area with a towering ceiling. The property has awesome hunting with cut trails throughout the property, feeders go with the sale, 4 ponds, and it backs up to a wildlife preserve of the Cooper Lake making for excellent deer, duck, and hog hunting. There is a tree farm of approx. 5 acres, which seller will have 6 months after sale for a lease back to remove the tree inventory. See supplements for additional information.

Property type
Farm / Ranch
Structure
2
Year built
2012
Parking
0Covered, #OTHER, All Weather Road, Driveway - Asphalt
Price/Sqft
$321
MLS #
14078199
Lot Size
7692260 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: 5
Virtual Tour: virtual tour | Room Types: Loft

Bathrooms

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

Interior

Features: Window Coverings, Water Line to Refrigerator

Exterior

Features: Porch - Covered, Outdoor Fireplace/Pit, Workshop, Workshop w/Electric, Barbed Wire Fence, Pipe Fence | Pool: false

Building

Property Types: Farm / Ranch, Residential | Year Built: 2012 | Structure: 2 | Architecture: Barndominium, Farm/Ranch House, Vacation Home | Construction: Metal | Roof: Metal | Foundation: Slab | Floors: Carpet, Concrete

Garage & Parking

Parking: Covered, #OTHER, All Weather Road, Driveway - Asphalt, 0

Lot

Lot size: 176.590 acres | Lot size: 7692260 sqft | Lot range: Over 100 Acres | Lot Features: Acreage, Adjacent to Greenbelt, Creek, Heavily Treed, Horses Permitted, Tank/ Pond | Topography: Bottom, Oak, Other, Rugged, Varied

Location

County: Delta | Subdivision: F Little, Tract 1; AB 0218 | Real Estate Area: DELTA COUNTY (47) | Directions: In the S part of Commerce from Business HWY 224 in take FM Highway 71 E, L on FM HWY 1531 for .5 mile, R on CR 2075 for 1.4 miles to the property on right. There is a STAR above the entrance gate. CR 2075 turns into CR 2070. MLS address on mailbox. SIY. See supplements for a location map. | MLS #: 14078199

Appliances

Appliances: Disposal, Range/Oven-Electric, Refrigerator

Heating & Cooling

Air Conditioning: Central Air | Heating: #OTHER | Fireplaces: 0, #OTHER, Wood Burning

Utilities & Security

Utilities: No City Services, Co-op Electric, Electric Avail. On Site, #OTHER, Phone Avail. Off Site, Rural Water District, Water Tap Fee Paid | Sewer Service: Septic | Water Source: Co-op Membership Included, Co-op Water | Safety and Security: Fire/Smoke

School

School District: Cooper ISD | Elementary School: Cooper | High School: Cooper

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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Price
Source: County(Public) Records

School Information

Property History & Valuation

Local Insights

Listing provided by: David Norman 

Listing courtesy of: DAVID NORMAN REALTY ADVISORS 

Tools for buyers

Data provided by: North Texas Real Estate Information Systems
Last detected update: October 18, 2019 09:31AM 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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