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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
34 days on Owners.com
19385 Cypress Ridge Ter Unit 714
LEESBURG, VA 20176
2 Beds
2 Baths
1,509 ft2
$350,000
Owners.com Estimate:
Estimated Payment:$1,314/mo
HOA:$0, Monthly

WONDERFUL CUSTOM DESIGNED UNIT WITH VERY PRIVATE OUTSIDE CURVE BALCONY, 1509 SQ FT OF LIVING SPACE

UPDATED & UPGRADED TO MEET ALL YOUR NEEDS! WOOD FLOORS KITCHEN, LIVING ROOM, DINING ROOM, GRANITE COUNTERS, EXPANDED KITCHEN COUNTERS AND CABINETS, LOTS OF CLOSET SPACE WITH MIRRORED DOORS, CUSTOM PAINT, CROWN MOLDING AND CHAIR RAIL, MAGNIFICENT VIEWS OF THE POTOMAC RIVER & SUGAR LOAF MT! 2018 NEW FURNACE W/HUMIDIFIER! COMMUNITY OFFERS MANY AMENITIES FOR ACTIVE ADULTS! CLUB HOUSE W/UPSCALE RESTAURANT, POOL, TENNIS, WOOD WORKING SHOP, CERAMIC SHOP, OTHER HOBBY AND ACTIVITY ROOMS, YOU NAME IT! GARAGE SPACE INCLUDED!

Property type
Residential
Structure
Single Story, Story - Main
Year built
1998
Parking
Assigned
Price/Sqft
$232
MLS #
VALO394734
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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
Virtual Tour: virtual tour | Room Types: Living Room, Dining Room, Bedroom(s) - Master, Bedroom 2, Kitchen, Den, Foyer, Sun/Florida Room | Basement: true, #NONE

Bathrooms

# of Full Bathrooms: 2

Interior

Features: Dining Area, Elevator, Floor Plan - Traditional, Window Treatments, Chair Rail, Crown Moldings, Ceiling - Fan(s)

Exterior

Features: Secure Storage, Sidewalks, Street Lights, Tennis Court(s), Water Fountains, Balcony, Above Grade, Below Grade

Building

Property Types: Residential | Year Built: 1998 | Structure: Single Story, Story - Main | Architecture: Traditional, Unit/Flat | Construction: Masonry | Roof: Asphalt | Floors: Tile - Ceramic, Hardwood, Carpet, Wood | Windows: Double-Pane, Screens

Garage & Parking

Parking: Assigned | Garage: true

Lot

Zoning: 19

Location

County: LOUDOUN-VA | Subdivision: LANSDOWNE WOODS | Directions: From Rt.28 to Rt.7 West. Exit right on Lansdowne Blvd. Turn right on Woodridge. Left on Slatestone into Community. Check in at gatehouse and proceed to Riverbend Building-first one on left. | MLS #: VALO394734

Community

Condo Maintenance: Cable, Ext Bldg Maint, Insurance, Lawn Maintenance, Management, Pool(s), Recreational Facilities, Reserve, Road Maintenance, Sewage, Snow Removal, Trash, Water, Broadband, High Speed Internet, Security Gate, Standard Phone Service | HOA Dues: $0/ Monthly

Appliances

Appliances: Dishwasher, Disposal, Exhaust Fan, Refrigerator, Ice Maker, Humidifier, Microwave - Built In, Oven/Range - Electric, Washer/Dryer Stacked

Heating & Cooling

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

Utilities & Security

Utilities: Cable TV Available, Under Ground, Hot Water - Natural Gas | Sewer Service: Public Sewer | Water Source: Public Supply | Safety and Security: 24 hour security, Exterior Cameras, Main Entrance Lock, Monitored, Security Gate, Sprinkler System - Indoor

Accessibility

Accessibility: 32"+ wide Doors, 36"+ wide Halls, 48"+ Halls

School

School District: LOUDOUN COUNTY PUBLIC SCHOOLS

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: Pamela A Jones 

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

Bright MLS

Tools for buyers

Data provided by: Bright MLS
Last detected update: September 21, 2019 06:01AM EST ~ Verified on October 17, 2019 06:07AM 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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