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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
141 SE CR 4215
Mt Vernon, TX 75457
3 Beds
3 Baths
4,174 ft2
$579,900
Owners.com Estimate:
Estimated Payment:$2,178/mo

New Price, New Paint, LAND and LAKE! Looking for a place to Duck Hunt, Fish, Host Events, Weddings, or Family Reunions? Weekend Getaway, or Full time residence? This property has endless possibilities! Custom 1 story Brick Home sitting on a 7

310 acre hilltop overlooking beautiful views of Lake Bob Sandlin and surrounding Country Estates. Newly painted Interior and Exterior. Waterfront portion is in a channel just off main lake. Ag Exempt, fenced, and a private gated entrance. Concrete Drive, side entry garage, Soaring ceilings, high end finishes, custom cabinetry & natural stone countertops. Tons of natural light and lakeside floor to ceiling windows. Oversized 3 bedrooms and 3 full baths. Open Kitchen with large Island, breakfast area, and sitting area overlooking the lake, will not disappoint. Separate formal dining room will hold a crowd. Storage galore and huge Laundry room with a walk in closet. Come see this property for yourself today! The Setting and Views are one in a million!

Property type
Residential
Structure
Single Story
Year built
2000
Parking
1Garage - Side Entry, Driveway - Concrete
Price/Sqft
$139
MLS #
10107859
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SAVE PREFERENCES

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 | Room Types: Great Room

Bathrooms

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

Interior

Features: Ceiling - Fan(s), Office

Exterior

Features: Patio Open, Gutter(s), Fence - Partial | Pool: #NONE

Building

Property Types: Residential, Single Family Home | Year Built: 2000 | Structure: Single Story | Roof: Composition | Siding: Brick Veneer | Foundation: Slab | Floors: Carpet, Wood, Tile, Marble | Windows: Furnished - Blinds

Garage & Parking

Parking: Garage - Side Entry, Driveway - Concrete, 1

Lot

Lot size: 7.31 acres

Location

County: Franklin | Subdivision: none | Directions: From I-30 Mt Vernon, take 37S, left on hwy 21, right on FM 3007, Left on CR 4210, right on SE CR 4215. Property on left. SIY. | MLS #: 10107859

Appliances

Appliances: Dishwasher, Disposal, Oven - Electric, Gas Cooktop

Heating & Cooling

Air Conditioning: Central Electric, Zoned-2 | Heating: Central Heating - Electric

Utilities & Security

Utilities: Internet Access - Dial-Up, Internet Access - Satellite | Sewer Service: Aerobic Septic System | Safety and Security: Security Lighting

School

Elementary School: Mt Vernon | Middle School: Mt Vernon | High School: Mt Vernon

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: Kareen Linthicum 

Listing courtesy of: Century 21 Butler Real Estate |  (903) 588-2696 

Greater Tyler Association of REALTORS®

Tools for buyers

Data provided by: Greater Tyler Association of REALTORS®
Last detected update: October 14, 2019 03:44PM EST ~ Verified on November 09, 2019 11:45PM 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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