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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
201 days on Owners.com
305 Sea Breeze Ct
Hampton, VA 23669
4 Beds
2 Baths
2,044 ft2
$190,000
Owners.com Estimate:
Estimated Payment:$713/mo
HOA:$0

Wonderful opportunity to purchase this 4 bedroom, 2 full bath brick Ranch style home

Ideally located on a cul-de-sac, convenient to I64, military bases, schools, shopping and entertainment.Bedrooms have hardwood floors and the master bedroom has an en-suite full bath and his & hers closets. Garage has been converted to den, man cave or she shed. It's just waiting for you to add a few finishing touches to make it your own. Seller to provide a 1 year 2-10 Home Warranty with acceptable offer.

Property type
Single Family Home
Year built
1970
Parking
Garage - Converted, Driveway
Price/Sqft
$93
MLS #
10255826
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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: 4 | Room Types: Study / Office, Workshop | Basement: Crawl Space

Bathrooms

# of Full Bathrooms: 2
# of Half Bathrooms: 0

Exterior

Features: Patio, Storage Shed, Fence - Back Yard | Pool: #NONE

Building

Property Types: Single Family Home, Residential | Year Built: 1970 | Architecture: Ranch | Roof: Asphalt Shingle | Siding: Brick | Floors: Carpet, Ceramic, Wood

Garage & Parking

Parking: Garage - Converted, Driveway | Garage: true, Converted Gar

Lot

Lot size: 0.2088 acres | Lot Features: Cul de Sac | Zoning: R11

Location

Subdivision: HAMPTON SHORES | Real Estate Area: 101 - Hampton East | Directions: GPS | MLS #: 10255826

Community

HOA Dues: $0

Appliances

Appliances: Dishwasher, Range - Electric, Refrigerator, Water Heater - Electric

Heating & Cooling

Air Conditioning: Central Air | Heating: Forced Air | Fireplaces: 1, Wood

Utilities & Security

Sewer Service: City/County | Water Source: City/County

School

Elementary School: Captain John Smith Elementary | Middle School: Benjamin Syms Middle | High School: Kecoughtan

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: Ronald Scheuering 

Listing courtesy of: Howard Hanna Real Estate Svcs. |  (757) 229-0550 

Real Estate Information Network, Inc.

Tools for buyers

Data provided by: Real Estate Information Network, Inc.
Last detected update: October 17, 2019 11:23AM EST ~ Verified on November 04, 2019 08:31PM 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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