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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
196 days on Owners.com
17815 Sundance Forest Rd
BROADWAY, VA 22815
1 Bed
1 Bath
780 ft2
$112,200
Owners.com Estimate:
Estimated Payment:$421/mo
HOA:$100, Annually

Cabin on 5 acres could be your weekend get away, or your daily escape! Kitchen with granite counters & large pantry! Roomy great room with dining & living areas, as well as a woodstove! Spacious bedroom with hardwood floors! Remodeled full bath! Exterior features a partial-trex deck with built-in benches that faces the west! Large mostly-wooded lot offers plenty of parking! Convenient spot, close to Bryce-Oarkney Springs, 15 minutes to town of Broadway; 20 to I-81 & Rt

11!

Property type
Residential
Structure
Single Story, Story - Main
Year built
1974
Price/Sqft
$144
MLS #
VARO100810
Lot Size
217800 sqft
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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: 1 | Basement: false

Bathrooms

# of Full Bathrooms: 1

Exterior

Features: Above Grade, Below Grade

Building

Property Types: Residential | Year Built: 1974 | Structure: Single Story, Story - Main | Architecture: Detached | Construction: Masonry | Roof: Composite

Garage & Parking

Garage: false

Lot

Lot size: 5.00 acres | Lot size: 217800 sqft | Zoning: RR1

Location

County: ROCKINGHAM-VA | Subdivision: SUNDANCE FOREST | Directions: I-81 to Exit 257 towards Broadway/Timberville. L at 2nd stoplight in Broadway. VA 259 for 5 miles. R onto Runions Creek Rd. L on Washington NationalForest. R onto Moonrise Ln. 1st L onto Sundance Forest Rd. Property on the left. | MLS #: VARO100810

Community

Condo Maintenance: Snow Removal | HOA Dues: $100/ Annually

Heating & Cooling

Air Conditioning: Electric, Window Unit(s) | Heating: Zoned, Wood Burning Stove Heater | Fireplaces: 0

Utilities & Security

Sewer Service: Septic > # of BR | Water Source: Community

Accessibility

Accessibility: #NONE

School

School District: ROCKINGHAM COUNTY PUBLIC SCHOOLS | Elementary School: FULKS RUN | Middle School: J. FRANK HILLYARD | High School: BROADWAY

Owners.com Estimated Value

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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: Kathie See 

Listing courtesy of: May Kline Realty Inc 

Bright MLS

Tools for buyers

Data provided by: Bright MLS
Last detected update: September 27, 2019 05:49AM 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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