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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: John Snyder 

Listing courtesy of: Snyder Donegan Real Estate Group |  (802) 457-2600 

ACTIVE
201 days on Owners.com
489 Hidden Ridge Road
Pomfret, VT 05053
3 Beds
3 Baths
2,657 ft2
$593,000
Owners.com Estimate:
Estimated Payment:$2,227/mo

Handsome country estate, peaceful and privately situated on 17

48 acres yet with great neighbors nearby - and just a short (and very scenic!) drive from Woodstock. Spotless, well-maintained house with an excellent chef's kitchen, top-of-the-line appliances including Sub-Zero refrigerator, Wolf-range, Bosch dishwater, granite counters, glass-front cabinets and built-in kitchen office & kitchen library for the discerning chef. Beautiful vistas and a wrap-around 950 s.q. ft deck, accessed from the kitchen or living room, from which to enjoy the ever-changing view of woodland and distant mountains. Stone fireplace and hearth, beautiful dining room, hardwood floors, three bedrooms, each with bath en suite (Master w/whirlpool tub) Great storage in the full basement (w/a wine cellar), oversized 2-car garage with room for two additional cars in large barn, and a whole house generator. Close to everything the Upper Valley has to offer: minutes to skiing & hiking trails, 15 mins to golf course, tennis / fitness center, 25 mins to Lebanon airport, Dartmouth College & hospital.

Property type
Residential
Structure
Two Story
Year built
1986
Parking
Driveway - Gravel, Garage - Barn, Parking Spaces 4
Price/Sqft
$223
MLS #
4748998
Lot Size
761429 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: Kitchen | Basement: true, Interior, Concrete, Full, Stairs - Interior, Storage Space, Unfinished

Bathrooms

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

Interior

Features: Ceiling - Cathedral, Ceiling - Fan(s), Master BR w/ BA

Exterior

Features: Satellite, Satellite Dish, Barn, Deck, Outbuilding

Building

Property Types: Residential, Single Family Home | Year Built: 1986 | Structure: Two Story | Architecture: Cape Cod, w/Addition | Construction: Frame - Wood | Roof: Shingle - Asphalt, Shingle - Wood | Siding: Wood | Foundation: Concrete | Floors: Carpet, Tile - Ceramic, Wood - Hard

Garage & Parking

Parking: Driveway - Gravel, Garage - Barn, Parking Spaces 4 | Garage: false, Attached

Lot

Lot size: 17.48 acres | Lot size: 761429 sqft | Lot Features: Country Setting, Mountain View, Sloping, Wooded | Zoning: Res

Location

Directions: Pomfret Road to Webster Hill Rd to Hidden Ridge Road. At end of road continue left at "Torwood" on the sign; Driveway on right side at end of a maintained road. | MLS #: 4748998

Appliances

Appliances: Dishwasher, Dryer, Microwave, Range - Gas, Refrigerator, Washing Machine, Water Heater - Gas - LP/Bottle

Heating & Cooling

Heating: Gas - LP/Bottle, Hot Air, Floor Heating, Gas Stove Heater | Fireplaces: 1, Wood

Utilities & Security

Utilities: Electric - 150 Amp, Electric - Circuit Breaker(s), Electric - Generator, DSL | Sewer Service: 1000 Gallon, Concrete, Sewer - Private, Septic | Water Source: Drilled Well, Private | Safety and Security: Security System, Smoke Detector

Accessibility

Accessibility: 1st Floor 3/4 Bathroom, 1st Floor Bedroom, 1st Floor Hrd Surfce Flr

School

School District: Windsor Central | Middle School: Woodstock Union Middle Sch | High School: Woodstock Senior UHSD #4

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: August 13, 2019 09:36PM 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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