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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
195 days on Owners.com
000 W Morris Hill Rd
Covington, VA 24426
-- Beds
-- Baths
-- ft2
$89,000
Owners.com Estimate:
Estimated Payment:$334/mo
HOA:$0

RECREATION RETREAT - 25 Acres 4 miles from LAKE MOOMAW! Park your RV or construct your dream lodge on this beautiful 25ac tract featuring gorgeous views only minutes from Fortney Branch boat launch

Lake Moomaw is 12mi long & the 2nd largest impoundment in western VA. It covers 2,530 surface ac & has a max depth of 152 ft. The lakes reservoir & ''two-story'' sport fishery is deep enough for both warm & cold water fish like bass, catfish, sunfish, crappie, trout & numerous other species! Lake Moomaw offers 2 beaches, 2 camping areas, fishing, skiing, water sports, & of course relaxation! The Jackson River is also minutes away offering, smallmouth bass, rock bass, rainbow trout, brown trout, kayaking, tubbing, etc.

Property type
Lot / Land
MLS #
858712
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My Home Features

Bathrooms

# of Full Bathrooms: 0.0

Building

Property Types: Lot / Land

Lot

Lot size: 25.00 acres | Lot Features: Wooded | Topography: Rolling Hills, Steep Slope | Zoning: AR

Location

Subdivision: N/A | Real Estate Area: 2700 - Alleghany County | Directions: I-64 WestExit 10 onto US-60 E, VA 159 S toward CallaghanR onto Midland Trail R onto VA-641L onto W Morris Hill RdProperty 1.2 miles on the left. | MLS #: 858712

Community

HOA Dues: $0

Utilities & Security

Utilities: #OTHER | Sewer Service: #NONE | Water Source: Well - Private

School

Elementary School: Other - See Remarks | Middle School: Other - See Remarks | High School: Other - See Remarks

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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Listing provided by: BETH PERSINGER 

Listing courtesy of: HIGHLANDS REALTY & ASSOCIATES LLC |  (540) 862-4414 

Tools for buyers

Data provided by: Roanoke Valley Association of REALTORS®
Last detected update: October 16, 2019 05:29AM EST ~ Verified on November 08, 2019 06:41AM 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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