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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: Dean Goulet 

Listing courtesy of: Dunrovin Real Estate |  (802) 763-7177 

ACTIVE
195 days on Owners.com
7142 VT Route 14
Royalton, VT 05068
3 Beds
2 Baths
2,800 ft2
$425,000
Owners.com Estimate:
Estimated Payment:$1,596/mo

New Contemporary Ranch and 28x48 garage, suitable for RV and other storage

This recently finished home features open sunny spaces with a 12 x 27 solarium entry, 22 x 31 kitchen/living area, spacious master suite and luxurious bath, office, and 16 x 40 family space. Radiant heat throughout the first floor, clean and quiet LP gas, low maintenance siding and roofing, and south facing view. The 29 acres of land consists of a level field, rolling pine knobs for shelter, long private driveway, and a 7 acre parcel ready for future use. Conveniently located off Route 14, and a short distance to Exit 3, I-89, this property has it all. $425,000

Property type
Residential
Structure
1.5 Stories
Year built
2019
Parking
Driveway - Common/Shared, Driveway - Crushed Stone, Heated, RV - Garage
Price/Sqft
$152
MLS #
4748680
Lot Size
1282406 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 | Basement: false

Bathrooms

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

Interior

Features: Ceiling - Cathedral, Ceiling - Fan(s), Dining Area, Lighting - LED, Master BR w/ BA, Closet(s) - Walk-in

Building

Property Types: Residential, Single Family Home | Year Built: 2019 | Structure: 1.5 Stories | Architecture: Ranch | Construction: Frame - Wood | Roof: Metal, Standing Seam Steel | Siding: Clapboard, Wood | Foundation: Concrete, Slab w/ Frost Wall | Floors: Concrete, Laminate

Garage & Parking

Parking: Driveway - Common/Shared, Driveway - Crushed Stone, Heated, RV - Garage | Garage: false, Detached

Lot

Lot size: 29.44 acres | Lot size: 1282406 sqft | Lot Features: Agricultural, Country Setting, Field/Pasture, River Frontage, View, Wooded | Zoning: None

Location

Directions: From intersection of Route 107 and 14, proceed north 1 mile to property on right. | MLS #: 4748680

Appliances

Appliances: Dishwasher - Energy Star, Refrigerator-Energy Star, Stove - Gas, Water Heater - Off Boiler

Heating & Cooling

Heating: Gas - LP/Bottle, Radiant Floor Heating

Utilities & Security

Utilities: Electric - 200 Amp, Electric - Circuit Breaker(s), Electric - Generator Ready, Internet - Fiber Optic, Telephone At Site | Sewer Service: 1000 Gallon, Concrete, Leach Field, On-Site Septic Exists | Water Source: Drilled Well | Safety and Security: Smoke Detectr-HrdWrdw/Bat

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

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Data provided by: New England Real Estate Network
Last detected update: June 30, 2019 08:04PM EST ~ Verified on November 09, 2019 07:04PM 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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