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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
34 days on Owners.com
20396 Brightcrest Ter
ASHBURN, VA 20147
2 Beds
2 Baths
1,490 ft2
$325,000
Owners.com Estimate:
Estimated Payment:$1,220/mo
HOA:$61, Monthly

Investors Dream! Excellent Tenant with lease ending 9-30-2020

Enjoy meal-prepping in the kitchen with sparkling countertops, a breakfast bar, and tons of cabinet space! Guests will be wowed by the sunny 2-story living room and designer chandelier! Living room leads to the dining area with a beautiful hand-painted mural. Relaxing patio area off dining room~perfect for spending time outside and making memories in all seasons. Main level bedroom and full bath. Laundry and utility room off kitchen for convenience, and storage space! If you~re on the hunt for your dream home, look no further! Stunning, bright loft area overlooks the main level~the open floor plan makes entertaining easy! Loft would make a wonderful office space, playroom, or turn it into a cozy family room; the options are endless! Sun-filled bedroom on the upper level is complete with a walk-in closet and ceiling fan. Luxurious upper level bathroom boasts dual sinks~no more fighting over counter space! Hardwood floors throughout entire home.

Property type
Residential
Structure
Two Story, Story - Main, Story - Upper 1
Year built
2000
Parking
Assigned
Price/Sqft
$218
MLS #
VALO396842
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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: 2 | Room Types: Living Room, Dining Room, Bedroom 2, Kitchen, Bedroom 1, Loft | Basement: false

Bathrooms

# of Full Bathrooms: 2
# of Half Bathrooms: 0

Interior

Features: Ceiling - Fan(s), Floor Plan - Open, Window Treatments

Exterior

Features: Fence - Partial, Patio, Above Grade, Below Grade

Building

Property Types: Residential | Year Built: 2000 | Structure: Two Story, Story - Main, Story - Upper 1 | Architecture: Contemporary | Siding: Vinyl | Floors: Hardwood, Wood

Garage & Parking

Parking: Assigned | Garage: false

Lot

Lot Features: Landscaping | Zoning: 19

Location

County: LOUDOUN-VA | Subdivision: SANDERS MILL | Directions: From Ashburn Farm Parkway, turn right on Claiborne Parkway, right on Greyswallow Terrace, right on Brightcrest Terrace. Home will be on left. | MLS #: VALO396842

Community

Condo Maintenance: Common Area Maintenance, Ext Bldg Maint, Lawn Maintenance, Snow Removal, Insurance, Management, Trash, Pool(s), Recreational Facilities, Reserve, Sewage | HOA Dues: $61/ Monthly

Appliances

Appliances: Microwave - Built In, Dishwasher, Disposal, Dryer, Ice Maker, Refrigerator, Stove, Washing Machine

Heating & Cooling

Air Conditioning: Electric, Central Air | Heating: Gas Heating (Natural), Forced Air | Fireplaces: false

Utilities & Security

Utilities: Cable TV Available, Hot Water - Natural Gas | Sewer Service: Public Sewer | Water Source: Public Supply

Accessibility

Accessibility: #NONE

School

School District: LOUDOUN COUNTY PUBLIC SCHOOLS | Elementary School: BELMONT STATION | Middle School: TRAILSIDE | High School: STONE BRIDGE

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: Sarah A King Taylor 

Listing courtesy of: Samson Properties 

Bright MLS

Tools for buyers

Data provided by: Bright MLS
Last detected update: October 15, 2019 06:49AM EST ~ Verified on November 04, 2019 08:32PM 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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