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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
706 Bethlehem St
Terrell, TX 75160
-- Beds
-- Baths
-- ft2
$299,900
Owners.com Estimate:
Estimated Payment:$1,126/mo

Great spot for redevelopment!

These lots are adjacent to the Rosehaven Assisted Living Center and City of Terrell Rose Hill extension tracks. These 2 large connected lots can combine to form one large corner lot of approximately 5.5 acres on the corner of Rose Hill Rd and Bethlehem St. Just moments away from Rose Hill Rd and I-20 exit at the proposed new site for Baylor Hospital. Owner can sell both lots together if desired. One lot is approximately 2 acres the other approximately 3.5 acres.

Property type
Lot / Land
MLS #
14079357
Lot Size
85682 sqft
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My Home Features

Rooms

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Bathrooms

# of Full Bathrooms: 0.0

Building

Property Types: Lot / Land

Lot

Lot Dimensions: 366x210 | Lot size: 1.967 acres | Lot size: 85682 sqft | Lot range: 1 Acre to 2.99 Acres | Lot Features: Acreage, Interior Lot | Zoning: Residential

Location

County: Kaufman | Subdivision: Terrell Rev | Real Estate Area: KAUFMAN COUNTY (35) | Directions: From Dallas on I-20 heading through the city limits of Terrell, Exit on Rose Hill and go North. Turn left (also called Rose Hill Rd) at the Rosehaven Assisted Living Inns, then right on Bethlehem. Property is on left. (corner of Rose Hill Rd & BethlehemSt) | MLS #: 14079357

Utilities & Security

Utilities: #NONE, City Electric | Water Source: City Water

School

School District: Terrell ISD | Elementary School: Kennedy | Middle School: Furlough | High School: Terrell

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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Listing provided by: Clayton Bennett 

Listing courtesy of: Clayton E. Bennett 

Tools for buyers

Data provided by: North Texas Real Estate Information Systems
Last detected update: April 30, 2019 09:00PM 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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