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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."

Listing provided by: Robert Doyle 

Listing courtesy of: Berkley & Veller Greenwood Country |  (802) 254-6400 

ACTIVE
202 days on Owners.com
81 Olson Dr
Brattleboro, VT 05301
3 Beds
3 Baths
4,000 ft2
$449,000
Owners.com Estimate:
Estimated Payment:$1,686/mo

This beautiful home is set on a knoll providing lovely easterly view (exquisite sunrises) and is only 15 easy minutes to Brattleboro

Sited on 3 acres of landscaped grounds, the exterior is reminiscent of a rustic lodge with large front deck via blue stone steps, rear circular stone patio and charming gazebo overlooking the view. The interior is simply stunning and provides exceptional living space with large principal rooms and superb custom features and amenities throughout. Little was spared to create a unique and exquisite living environment. Large living room with fireplace, extraordinary custom & gourmet kitchen with adjacent dining room, family room/gym, master suite with bath (granite heated flooring, black nickel faucets & oversized shower with double Kohler rain shower heads), two additional bedrooms and another 1.5 baths. Central A/C, central vac, self testing Kohler generator, heated garage with openers, separate car port, many rooms with speakers, exceptional hand forged lighting throughout created by Hubbardton Forge and SO MUCH MORE!!

Property type
Residential
Structure
1.5 Stories
Year built
1983
Parking
Driveway - Paved, Garage - Community, Garage - Direct Access, Heated
Price/Sqft
$112
MLS #
4748648
Lot Size
130680 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: 3
Virtual Tour: virtual tour | Room Types: Living Room | Basement: true, Interior, #OTHER

Bathrooms

# of Full Bathrooms: 2
# of Quarter Bathrooms: 0
# of Half Bathrooms: 1
# of Three Quarter Bathrooms: 0

Interior

Features: Vacuum - Central, Blinds, Ceiling - Cathedral, Ceiling - Fan(s), Kitchen - Island, Master BR w/ BA, Closet(s) - Walk-in

Exterior

Features: Balcony, Deck, Garden Space, Gazebo, #OTHER, Patio

Building

Property Types: Residential, Single Family Home | Year Built: 1983 | Structure: 1.5 Stories | Architecture: Contemporary | Construction: Frame - Wood | Roof: Metal | Siding: Board and Batten | Foundation: Poured Concrete | Floors: Bamboo, Tile - Ceramic, #OTHER, Slate/Stone, Wood - Soft

Garage & Parking

Parking: Driveway - Paved, Garage - Community, Garage - Direct Access, Heated | Garage: false, Under

Lot

Lot size: 3 acres | Lot size: 130680 sqft | Lot Features: Country Setting, Mountain View, View | Zoning: RR

Location

Directions: Rt. 9 West from Brattleboro. Right onto Olson Drive. 1st house on the right. See Sign. | MLS #: 4748648

Appliances

Appliances: Gas Cooktop, Dishwasher, Dryer, Exhaust Hood, Microwave, Mini Fridge, #OTHER, Oven - Wall, Refrigerator, Washing Machine, Stove - Gas, Water Heater - Off Boiler

Heating & Cooling

Air Conditioning: Central Air, Mini Split, Air Conditioning | Heating: Oil, Baseboard, Radiant Floor Heating | Fireplaces: 1, Gas

Utilities & Security

Utilities: Electric - 200 Amp, Electric - Circuit Breaker(s), Generator - Standby | Sewer Service: Leach Field, Septic | Water Source: Drilled Well, Shared

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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Local Insights

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Data provided by: New England Real Estate Network
Last detected update: May 20, 2019 02:45PM EST ~ Verified on November 15, 2019 05:56AM 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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