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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
32 days on Owners.com
20600 Hope Spring Ter Unit 103
ASHBURN, VA 20147
2 Beds
2 Baths
840 ft2
$225,000
Owners.com Estimate:
Estimated Payment:$845/mo
HOA:$264, Monthly

This well maintained 2 bedroom, 2 bath condo is move in ready! Located in the award winning 55+ community of Potomac Green with access to nearby amenities including shops, restaurants and transportation

This first floor unit is filled with light featuring hardwood floors and tile backsplash in kitchen, accessible cabinets, and overlooks the family room. Master bath has accessible shower and vanity. Guest room has an ensuite bath with tub/shower combination. Convenient separate laundry room just off the foyer. New carpet throughout. Assigned parking and storage unit conveys. Community amenities include a clubhouse with fitness facility, indoor and outdoor pools, walking paths, picnic area, and transportation.

Property type
Residential
Structure
Single Story, Story - Main
Year built
2014
Price/Sqft
$268
MLS #
VALO397004
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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: 2 | Room Types: Living Room, Bedroom(s) - Master, Bedroom 2, Kitchen, Laundry, Master Bathroom, Full Bath | Basement: false

Bathrooms

# of Full Bathrooms: 2

Interior

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

Exterior

Features: Above Grade, Below Grade

Building

Property Types: Residential | Year Built: 2014 | Structure: Single Story, Story - Main | Architecture: Colonial, Unit/Flat | Construction: Brick | 1 floor | Roof: Composite | Siding: Aluminum, Vinyl | Floors: Carpet, Tile - Ceramic, Wood

Garage & Parking

Garage: false

Lot

Zoning: 04

Location

County: LOUDOUN-VA | Subdivision: POTOMAC GREEN CONDOMINIUM | Directions: Use GPS | MLS #: VALO397004

Community

Condo Maintenance: Pool(s), Common Area Maintenance, Ext Bldg Maint, Health Club, Lawn Maintenance, Management, Snow Removal, Recreational Facilities, Reserve, Security Gate | HOA Dues: $264/ Monthly

Appliances

Appliances: Dryer, Washing Machine, Dishwasher, Refrigerator, Ice Maker, Stove, Oven/Range - Electric

Heating & Cooling

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

Utilities & Security

Utilities: Hot Water - Natural Gas | Sewer Service: Public Sewer | Water Source: Public Supply | Safety and Security: Security Gate, Sprinkler System - Indoor, Main Entrance Lock

Accessibility

Accessibility: 36"+ wide Halls, Doors - Lever Handle(s), Level Entry - Main, Grab Bars Mod, 32"+ wide Doors, Doors - Swing In, Roll-under Vanity, Roll-in Shower(s), Elevator, Kitchen Mod

School

School District: LOUDOUN COUNTY PUBLIC SCHOOLS | Elementary School: STEUART W. WELLER | Middle School: BELMONT RIDGE | High School: RIVERSIDE

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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Source: County(Public) Records

School Information

Property History & Valuation

Local Insights

Listing provided by: Sarah A Reynolds 

Listing courtesy of: Keller Williams Chantilly Ventures LLC 

Bright MLS

Tools for buyers

Data provided by: Bright MLS
Last detected update: October 17, 2019 08:27AM 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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