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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
202 days on Owners.com
3127 Cedarplaza Ln Apt 502
Dallas, TX 75235
2 Beds
3 Baths
1,753 ft2
$290,000
Owners.com Estimate:
Estimated Payment:$1,089/mo
HOA:$375, Monthly

Just refinished wood floor! 3 story Condo in gated community

3rd floor has an oversized master suite with balcony & master bath. Master bath has double vanities, separate tub & shower, huge walk-in closet. Hardwood flooring throughout the 2nd level kitchen, living and dining rooms. Granite counters, stainless steel appliances, pantry, separate utility room - all the amenities you would expect. 1st floor garage is oversized with additional storage. 1st floor guest suite has adjoining bath & walk-in closet. Gated community also has clubhouse, pool. Additional storage located in huge closet balcony. Special Financing Available: 0% down, No Mortgage Insurance or $17,500 lender funds available. Agent has details.

Property type
Condominium
Structure
3
Year built
2006
Parking
2Attached, Garage, Garage Door Opener
Price/Sqft
$165
MLS #
14080938
Lot Size
0 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: 2
Virtual Tour: virtual tour

Bathrooms

# of Full Bathrooms: 2
# of Half Bathrooms: 1

Interior

Features: Ceiling - Fan(s), Decorative Lighting, Flat Screen Wiring, Window Coverings, Plumbed For Gas in Kitchen, Water Line to Refrigerator

Exterior

Features: Balcony, Porch - Covered, Gutters, Wrought Iron Fence, Vent Mechanism, Community Mailbox | Pool: true, Gunite

Building

Property Types: Condominium, Residential | Year Built: 2006 | Structure: 3 | Architecture: Traditional, Condo/Townhome | Construction: Rock/Stone, Stucco | Roof: Composition | Foundation: Slab | Floors: Carpet, Tile - Ceramic, Wood | Windows: Double-Pane

Garage & Parking

Parking: Attached, Garage, Garage Door Opener, 2

Lot

Lot size: 0.000 acres | Lot size: 0 sqft | Lot range: Condo/Townhome Lot | Lot Features: Interior Lot

Location

County: Dallas | Subdivision: PLAZA @CEDAR SPRINGS CONDOS | Real Estate Area: DALLAS OAK LAWN (17) | Directions: Cedarplaza Ln runs between Lemmon Ave and Cedar Springs Rd just south of Inwood Rd. | MLS #: 14080938

Community

Condo Maintenance: Back Yard Maintenance, Blanket Insurance, Exterior, Front Yard Maintenance, Full Use of Facilities, Maintenance of Common Areas, Management, Reserve, Sprinkler System | HOA Dues: $375/ Monthly

Appliances

Appliances: Tankless Water Heater, Built-in Microwave, Gas Cooktop, Dishwasher, Disposal, Oven - Gas, Gas Oven / Range, Refrigerator

Heating & Cooling

Air Conditioning: Central Air | Heating: Central Heating - Gas | Fireplaces: 0

Utilities & Security

Utilities: Cable - Available / In Street, High Speed Internet Available | Sewer Service: City Sewer | Water Source: City Water | Safety and Security: Burglar, Sprinkler System, Fire/Smoke, Pre-Wired, Smoke Detector

School

School District: Dallas ISD | Elementary School: Maplelawn | Middle School: Rusk | High School: North Dallas

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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School Information

Property History & Valuation

Local Insights

Listing provided by: Matt Watson 

Listing courtesy of: Dallasy.com, LLC 

Tools for buyers

Data provided by: North Texas Real Estate Information Systems
Last detected update: October 30, 2019 05:00AM 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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