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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
7243 Tokalon Dr
Dallas, TX 75214
4 Beds
4 Baths
4,300 ft2
$1,398,000
Owners.com Estimate:
Estimated Payment:$5,250/mo

Incredible International Contemporary Style, w-park setting & White Rock Lake views! Professionally redesigned & renovated in 2018 to like new construction w-no expense spared

Floor to ceiling windows, bright open floorplan w-spectacular living & entertaining space, incl; huge sliding glass doors that open to private outdoor living & pool, incl; 4 bdrms w-sunrise views over the lake. Sought after Chefs kitchen w-room for family & friends to join in the cooking fun. Great separation of space allows for private & family moments, & a 3rd floor rooftop deck for quiet inspiration & delightful views. 3rd floor bonus RM could be used as a 4th bdrm. 2 car oversize rear entry garage .

Property type
Single Family Home
Structure
3
Year built
1986
Parking
2Detached, Curbs
Price/Sqft
$325
MLS #
14079083
Lot Size
8276 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: 4
Virtual Tour: virtual tour | Room Types: Loft

Bathrooms

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

Interior

Features: Attic - Fan, Ceiling - Fan(s), Decorative Lighting, Flat Screen Wiring, Skylight(s), Smart Home System, Sound System Wiring, Window Coverings, Plumbed For Gas in Kitchen

Exterior

Features: Balcony, Deck, Roof Deck, Wrought Iron Fence, Wood Fence, Vent Mechanism, Sidewalks | Pool: true, Gunite, Lap, Water Feature

Building

Property Types: Single Family Home, Residential | Year Built: 1986 | Structure: 3 | Architecture: Contemporary/Modern, Single Detached | Construction: Brick, Stucco | Roof: Metal | Foundation: Piered Beam Slab | Floors: Tile - Ceramic, Wood | Windows: Low E Windows

Garage & Parking

Parking: Detached, Curbs, 2

Lot

Lot size: 0.190 acres | Lot size: 8276 sqft | Lot range: Less Than .5 Acre (not Zero) | Lot Features: Adjacent to Greenbelt, Heavily Treed, Interior Lot, Landscaped

Location

County: Dallas | Subdivision: Rochelle Sub | Real Estate Area: DALLAS EAST (12) | Directions: 4 Houses west of White Rock Lake on Tokalon | MLS #: 14079083

Appliances

Appliances: Tankless Water Heater, Built-in Icemaker, Built-in Microwave, Built-in Refrigerator/Freezer, Cooktop - Electric, Dishwasher, Disposal, Oven - Dual, Oven - Electric, Range/Oven-Electric, Refrigerator

Heating & Cooling

Air Conditioning: Central Air | Heating: Central Heating - Gas | Fireplaces: 1, Direct Vent

Utilities & Security

Utilities: High Speed Internet Available | Sewer Service: City Sewer | Water Source: City Water

School

School District: Dallas ISD | Elementary School: Lakewood | Middle School: Long | High School: Wilson

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: James Coltharp 

Listing courtesy of: David Bush Realtors 

Tools for buyers

Data provided by: North Texas Real Estate Information Systems
Last detected update: October 25, 2019 12:39PM 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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