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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
33 days on Owners.com
20660 Hope Spring Ter Unit 304
ASHBURN, VA 20147
2 Beds
2 Baths
1,518 ft2
$429,900
Owners.com Estimate:
Estimated Payment:$1,614/mo
HOA:$268, Monthly

LUXURY CONDO IN POTOMAC GREEN, THE DAVENPORT MODEL FEATURING: TWO BED ROOMS WITH TWO BATHS, A LIVING ROOM WITH A BUILT IN ELECTRIC FIREPLACE, A GOURMET KITCHEN WITH WHITE CABINETS WITH GRANITE COUNTERS AND STAINLESS STEEL APPLIANCES, A BALCONY OFF THE KITCHEN, A DINING ROOM

THIS MODEL HAS A SEPARATE DEN/OFFICE OFF THE KITCHEN

Property type
Residential
Structure
Three or More Stories, Story - Main
Year built
2016
Parking
Driveway - Pavers, Paved Parking, Private
Price/Sqft
$283
MLS #
VALO396852
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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(s) - Master, Kitchen, Den, Foyer, Bedroom 1, Laundry, Bathroom 1, Master Bathroom | Basement: false

Bathrooms

# of Full Bathrooms: 2

Interior

Features: Intercom, Ceiling - Fan(s), Chair Rail, Crown Moldings, Family Room Off Kitchen, Floor Plan - Open, Window Treatments, Walls - Dry

Exterior

Features: Extensive Hardscape, Exterior Lighting, Sidewalks, Tennis Court(s), Balcony, Above Grade, Below Grade | Irrigation: Lawn Sprinkler, Underground Lawn Sprinkler

Building

Property Types: Residential | Year Built: 2016 | Structure: Three or More Stories, Story - Main | Architecture: #OTHER, Unit/Flat | Construction: Batts Insulation, Blown-In Insulation, Brick Front, 1 Common Wall | Siding: Vinyl | Floors: Carpet, Hardwood, Wood | Windows: Double-Pane, Insulated, Low-E, Screens, Vinyl Clad

Garage & Parking

Parking: Driveway - Pavers, Paved Parking, Private | Garage: true

Lot

Zoning: 04

Location

County: LOUDOUN-VA | Subdivision: POTOMAC GREEN BY DEL WEBB | Directions: RT 7 WEST, LEFT ON LOUDOUN COUNTY PARKWAY, RIGHT ON MARBLEHEAD DRIVE, RIGHT ON WESTERN GALES BLVD, RIGHT ON CRESCENT POINT PLACE, RIGHT ON HOPE SPRING TERRACE | MLS #: VALO396852

Community

Condo Maintenance: Common Area Maintenance, Fiber Optics at Dwelling, Fiber Optics Available, Lawn Maintenance, Management, Pool(s), Road Maintenance, Security Gate, Sewage, Snow Removal, Trash, Water | HOA Dues: $268/ Monthly

Appliances

Appliances: Microwave - Built In, Range - Built-in, Dishwasher, Disposal, Dryer, Dryer - Electric, Exhaust Fan, Microwave, Gas Oven / Range, Refrigerator, Washing Machine, Water Heater, Hot Water - 60+ Gallon Tank

Heating & Cooling

Air Conditioning: Electric, Central Air | Heating: Gas Heating (Natural), Central Heating, Forced Air, Heat Pump - Gas BackUp | Fireplaces: true, 1

Utilities & Security

Utilities: Cable TV Available, Fiberoptic, Under Ground, Hot Water - Electric, Electric Service - 200+ Amp Service | Sewer Service: Public Sewer | Water Source: Public Supply | Safety and Security: Intercom, Main Entrance Lock, Sprinkler System

Accessibility

Accessibility: 48"+ Halls, >84" Garage Door, Doors - Lever Handle(s), Doors - Swing In, Low Bathroom Mirrors, Low Pile Carpeting, Wheelchair Height Mailbox

School

School District: LOUDOUN COUNTY PUBLIC SCHOOLS | Elementary School: STEUART W. WELLER | Middle School: FARMWELL STATION | High School: BROAD RUN

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

Property History & Valuation

Local Insights

Listing provided by: Walter R Sobie 

Listing courtesy of: Long & Foster Real Estate, Inc. 

Bright MLS

Tools for buyers

Data provided by: Bright MLS
Last detected update: October 17, 2019 08:34AM 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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