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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
196 days on Owners.com
127 Fish Hook Lane
Port Aransas, TX 78373
3 Beds
3 Baths
1,728 ft2
$679,000
Owners.com Estimate:
Estimated Payment:$2,550/mo
HOA:$3500, Annually

Cinnamon Shore "Side Yard Homes" cottage living is perfect for the beach! This darling 3 bedroom, 3 bath home with additional outdoor living has 2 spacious master suites and separate bunk room (sleeps 6) lives so large! The vaulted 2nd floor ceilings featured in the upstairs living spaces and master bedroom plus the shiplap siding make this beach cottage special

The first floor side porch opens to a private courtyard while the second floor porch off the living area and master offer sunset views that will keep you lingering long after the sun goes down. 2 large and spacious master bedrooms with one on each floor, provide plenty of privacy for family and guests. High ceilings on the 1st floor make the cottage feel extra roomy. The extra large 1st floor master is large enough for small twin bed or seating area. There is a large single car garage plus paver parking for additional vehicles off the alley. www.cinnamonshore.com

Property type
Single Family Home
Year built
2016
Parking
1, 4Garage, Detached, Front
Price/Sqft
$393
MLS #
343305
Lot Size
1593 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: 3
Virtual Tour: virtual tour

Bathrooms

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

Interior

Features: Ceiling - Fan(s), Air Filter, Vent Hood

Exterior

Features: No Fence | Pool: false

Building

Property Types: Single Family Home, Residential | Year Built: 2016 | Roof: #OTHER | Foundation: Slab | Floors: Ceramic | Windows: Storm Windows

Garage & Parking

Parking: Garage, Detached, Front, 1, 4

Lot

Lot Dimensions: 40'x111' | Lot size: 0.50 acres | Lot size: 1593 sqft | Lot Features: Common Area

Location

County: Nueces County | MLS #: 343305

Community

HOA Dues: $3500/ Annually

Appliances

Appliances: Built-in Dishwasher, Built-in Microwave, Disposal, Gas Cooktop, Refrigerator

Heating & Cooling

Air Conditioning: Central Air-Electric | Heating: Central Heating - Electric | Fireplaces: false

Utilities & Security

Utilities: Electric - 220 Volts, Underground Utilities | Sewer Service: City Sewer | Water Source: City Water

School

School District: Port Aransas ISD | Elementary School: Olsen | Middle School: Brundrett | High School: Port Aransas

Owners.com Estimated Value

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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: Jodi Peters 

Listing courtesy of: Cinnamon Shore Realty |  (361) 749-1851 

Tools for buyers

Data provided by: Coastal Bend - CCAR Corpus Christi
Last detected update: October 14, 2019 11:19AM EST ~ Verified on November 08, 2019 06:41AM 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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