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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: Nancy Pritchard 

Listing courtesy of: Pall Spera Company Realtors-Morrisville |  (802) 888-1102 

ACTIVE
202 days on Owners.com
437 Gates Farm Road
Elmore, VT 05657
3 Beds
3 Baths
2,689 ft2
$375,000
Owners.com Estimate:
Estimated Payment:$1,408/mo

Custom home on 10 private acres with views of Elmore Mtn

A well thought out main floor offers a gourmet kitchen w/ desk nook, granite island, breakfast bar and red birch cabinets w/ direct access to more formal dining and expansive living room with direct access to a private rear deck w/ views. A master suite, and laundry room on the main floor makes life easier. Lovely birch and custom tiles floors add to the flow of the floor plan and create easy access from the farmhouse porch, private rear deck and attached garage to the main living area. The 2 large bedroom w/ nooks provide ample space for sleeping, reading, reflecting and crafting. A full walk out lower level plumbed for another bath make a clean slate for extended living space, workshop, multi generational living, home office, exercise, recreation room...etc

Property type
Residential
Structure
Two Story
Year built
2005
Parking
Driveway - Gravel, Garage - Community
Price/Sqft
$139
MLS #
4748618
Lot Size
453024 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: Laundry | Basement: true, Walk Out, Concrete, Full, Unfinished, Exterior Access

Bathrooms

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

Interior

Features: Vacuum - Central, Bar, Ceiling - Fan(s), Master BR w/ BA, Natural Light, Natural Woodwork, Ceiling - Vaulted, Closet(s) - Walk-in, Walk In Pantry, Whirlpool Tub

Exterior

Features: Deck, Porch - Covered

Building

Property Types: Residential, Single Family Home | Year Built: 2005 | Structure: Two Story | Architecture: Colonial | Construction: Frame - Wood | Roof: Cement, Shingle - Architectural | Foundation: Concrete | Floors: Carpet, Wood - Hard, Tile

Garage & Parking

Parking: Driveway - Gravel, Garage - Community | Garage: false, Attached

Lot

Lot size: 10.4 acres | Lot size: 453024 sqft | Lot Features: Country Setting, View, Wooded | Zoning: Wolcott

Location

Directions: From Rte 15 North of Wolcott Village, turn R onto Flat Iron Road, take a R onto East Elmore Rd. Continue until East Elmore Rd veres to the left and becomes Brown Hill. Follow Brown Hill until your first L onto Gates Farm Rd. Approximately 1 mile on left. See sign | MLS #: 4748618

Appliances

Appliances: Cooktop - Electric, Dishwasher, Dryer, Microwave, Oven - Wall, Refrigerator, Washing Machine, Water Heater - Domestic

Heating & Cooling

Heating: Oil, Baseboard, Steam or Hot Water Heating

Utilities & Security

Utilities: Electric - 200 Amp, Electric - Circuit Breaker(s) | Sewer Service: Mound, Sewer - Private | Water Source: Drilled Well

School

School District: Lamoille South | Elementary School: Wolcott Elementary School | Middle School: Choice | High School: Choice

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

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Local Insights

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Data provided by: New England Real Estate Network
Last detected update: June 04, 2019 01:26PM 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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