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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
27 days on Owners.com
43865 Hickory Corner Ter Unit 109
ASHBURN, VA 20147
3 Beds
3 Baths
1,787 ft2
$350,000
Owners.com Estimate:
Estimated Payment:$1,314/mo
HOA:$158, Monthly

Spectacular townhome/condo with attached garage, 3 bedrooms, 2 1/2 baths and loaded with upgrades*Main level features hardwood floors and custom paint*Gourmet kitchen with granite countertops, stainless appliances, breakfast bar and cherry cabinetry*Main level also features large living room, separate dining room, powder room and access to oversized garage*Lower level walkout master suite with luxury master bath*Upper level features 2 large bedrooms, 2nd full bath and upper level laundry*Enjoy all of the amenities of Belmont Country Club!Condo/HOA fee includes water, internet, cable, trash, pool and lawn maintenance!

Property type
Residential
Structure
Three or More Stories, Story - Lower 1, Story - Main, Story - Upper 1
Year built
2006
Parking
Driveway - Asphalt
Price/Sqft
$196
MLS #
VALO397354
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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 | Room Types: Living Room, Dining Room, Bedroom(s) - Master, Bedroom 2, Bedroom 3, Kitchen, Bathroom 2, Master Bathroom, Full Bath | Basement: true, Finished, Walkout Level

Bathrooms

# of Full Bathrooms: 2
# of Half Bathrooms: 1

Interior

Features: Ceiling - Fan(s), Floor Plan - Traditional

Exterior

Features: Above Grade, Below Grade

Building

Property Types: Residential | Year Built: 2006 | Structure: Three or More Stories, Story - Lower 1, Story - Main, Story - Upper 1 | Architecture: #OTHER, Townhouse/Rowhouse | Construction: Frame, Brick | Floors: Hardwood, Carpet, Wood

Garage & Parking

Parking: Driveway - Asphalt | Garage: true

Lot

Zoning: RESIDENTIAL

Location

County: LOUDOUN-VA | Subdivision: RIDGES AT BELMONT | Directions: Route 7 to Claiborne Parkway towards Ashburn, Left at light on Russell Branch Parkway, Right on Ashburn Road, Right on Hickory Corner Terrace to #43865 on left! | MLS #: VALO397354

Community

Condo Maintenance: Broadband, Cable, High Speed Internet, Lawn Care Front, Lawn Care Rear, Lawn Care Side, Lawn Maintenance, Management, Pool(s), Reserve, Security Gate, Trash, Water | HOA Dues: $158/ Monthly

Appliances

Appliances: Microwave - Built In, Dishwasher, Disposal, Dryer, Exhaust Fan, Ice Maker, Microwave, Gas Oven / Range, Refrigerator, Stainless Steel Appliances, Stove, Washing Machine

Heating & Cooling

Air Conditioning: Electric, Central Air | Heating: #OTHER, Forced Air

Utilities & Security

Utilities: Hot Water - Electric | Sewer Service: Public Sewer | Water Source: Public Supply

Accessibility

Accessibility: #NONE

School

School District: LOUDOUN COUNTY PUBLIC SCHOOLS | Elementary School: NEWTON-LEE | 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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Price
Source: County(Public) Records

School Information

Property History & Valuation

Local Insights

Listing provided by: Tanya R Johnson 

Listing courtesy of: Keller Williams Realty 

Bright MLS

Tools for buyers

Data provided by: Bright MLS
Last detected update: October 24, 2019 07:00AM 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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