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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
927 Prickly Pear Trl
Gordon, TX 76453
5 Beds
3 Baths
5,113 ft2
$749,000
Owners.com Estimate:
Estimated Payment:$2,813/mo
HOA:$1200, Annual

This is country living at its finest! Sitting on 10 acres and located just 30 minutes west of Weatherford, this home offers everything you could want! Hill country style views in every direction and outstanding community amenities including pools, fitness and recreation center, lakefront clubhouse, hiking and riding trails and more

The 10-acre property features horse stalls, barn and is fully fenced and cross fenced. The home is spacious at 5,743 square feet so youll enjoy oversized bedrooms, large closets, a huge great room, kitchen and tons of storage space. Great attention to detail in both finish and construction design. The high-efficiency HVAC system and insulation will keep the utility bills low.

Property type
Single Family Home
Structure
2
Year built
2013
Parking
2Attached, Garage, All Weather Road
Price/Sqft
$146
MLS #
14068105
Lot Size
447927 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

Bathrooms

# of Full Bathrooms: 3
# of Half Bathrooms: 0

Interior

Features: Flat Screen Wiring, Water Line to Refrigerator

Exterior

Features: Porch - Covered, Outdoor Fireplace/Pit, Workshop w/Electric, Gated Entry, Fence - Cross, Pipe Fence | Pool: false

Building

Property Types: Single Family Home, Residential | Year Built: 2013 | Structure: 2 | Architecture: Single Detached | Construction: Frame/Brick Trim | Roof: Composition | Foundation: Slab | Floors: Carpet, Concrete

Garage & Parking

Parking: Attached, Garage, All Weather Road, 2

Lot

Lot size: 10.283 acres | Lot size: 447927 sqft | Lot range: 10 Acres to 49.99 Acres | Lot Features: Acreage, Horses Permitted, Interior Lot

Location

County: Palo Pinto | Subdivision: 7-R Ranch Ph 2 | Real Estate Area: PALO PINTO COUNTY (76) | Directions: I20 exit #373 (Hwy193) to Gordon. Right at stop sign (919), then right on 2692. Turn right at 7R Ranch (Arts Way). Use the access code from the listing agent. Take Arts Way, then left on Miners Way. In 1000 turn right into Sundance Club for community map to locate community facilities and property. | MLS #: 14068105

Community

Condo Maintenance: Partial Use of Facilities | HOA Dues: $1200/ Annual

Appliances

Appliances: Tankless Water Heater, Built-in Icemaker, Built-in Microwave, Built-in Refrigerator/Freezer, Commercial Grade Range, Commercial Grade Vent, Dishwasher, Oven - Dual

Heating & Cooling

Air Conditioning: 16+ SEER AC, Variable Speed HVAC, Central Air | Heating: Central Heating - Electric | Fireplaces: 2, Gas Starter, Stone, Wood Burning

Utilities & Security

Utilities: Access, Cable - Available / In Street

School

School District: Gordon ISD | Elementary School: Gordon | Middle School: Gordon | High School: Gordon

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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Property Tax

Price History

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Price
Source: County(Public) Records

School Information

Property History & Valuation

Local Insights

Listing provided by: Joel Taylor 

Listing courtesy of: CLARK REAL ESTATE GROUP 

Tools for buyers

Data provided by: North Texas Real Estate Information Systems
Last detected update: October 11, 2019 06:35AM 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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