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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
198 days on Owners.com
108 Charmstone Ln
Georgetown, TX 78628
3 Beds
4 Baths
3,390 ft2
$699,000
Owners.com Estimate:
Estimated Payment:$2,625/mo
HOA:$310, Monthly

Beautifully appointed Grand Haven custom home

Professional Kitchen Aid appliances: cooktop & vent hood,built-in convection oven w/warming drawer, built-in side by side refrigerator. TVs convey. Outdoor FloGrill BBQ,sink; overlooks 14th fairway. Casita w/full bath,coffee bar can be flex room or bedroom; included in bed/bath total count. Lovely courtyard & wood-burning fireplace. Car lover's dream 4-car garage. Furniture in home is negotiable.

Property type
Single Family Home
Structure
Two Story
Year built
2017
Parking
Garage - Attached, Garage Door Opener, Door-Single, Garage - Front Entry
Price/Sqft
$206
MLS #
2638217
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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 | Room Types: Family Room, Foyer, Library, Study / Office, Storage, Utility

Bathrooms

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

Interior

Features: Bookcase(s), Built-in Entertainment Center, Crown Moldings, Bar - Wet Bar, Window Treatments, Wired For Security, Wired For Surround Sound

Exterior

Features: Barbecue, Curbs, Gutters Full, Patio - Covered, Patio-Uncovered, No Fence, Trees - Large (Over 40 Ft)

Building

Property Types: Single Family Home | Year Built: 2017 | Structure: Two Story | Construction: All Sides Masonry | Roof: Tile | Foundation: Slab | Floors: Carpet, Tile - Hard

Garage & Parking

Parking: Garage - Attached, Garage Door Opener, Door-Single, Garage - Front Entry

Lot

Lot Dimensions: 80 x 227 | Lot size: 0.420 acres | Lot Features: On Golf Course, Curbs

Location

County: Williamson | Subdivision: Cimarron Hills Ph 3 Sec 2 | Real Estate Area: GTW | Directions: From IH 35, exit ST HWY 29 West about 6 miles. Right on Jack Nicklaus Blvd, check in with gate guard, Right on Cimarron Hills Trail, Left on Charmstone, house on right. | MLS #: 2638217

Community

Condo Maintenance: Common Area Maintenance, Landscaping, Security | HOA: Cimarron Hills | HOA Dues: $310/ Monthly

Appliances

Appliances: Bar Ice Maker, Gas Cooktop, Dishwasher, Disposal, Exhaust Fan Vented, Microwave, Refrigerator Sub-Zero Type, Oven - Self-cleaning, Stainless Steel, Water Heater - Gas, Water Softener Owned, Wine Cooler

Heating & Cooling

Air Conditioning: Central Air, #OTHER | Heating: Central Heat | Fireplaces: 2, Gas Logs

Utilities & Security

Utilities: Electricity on Property, Propane on Property, Underground | Sewer Service: City on Property | Water Source: City | Safety and Security: Smoke Detector

School

School District: Liberty Hill ISD | High School: Liberty Hill

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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Source: County(Public) Records

School Information

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Local Insights

Listing provided by: Janet Hewlett 

Listing courtesy of: J. Paul Aubin Real Estate |  (512) 930-7775 

Tools for buyers

Data provided by: Austin Board of REALTORS®
Last detected update: October 11, 2019 09:47AM EST ~ Verified on November 04, 2019 10:37PM 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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