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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: Rosemary Gingue 

Listing courtesy of: Begin Realty Associates |  (802) 748-2045 

ACTIVE
206 days on Owners.com
0 Waterford Hollow Lane #4,6,7,8,9
Waterford, VT 05819
-- Beds
-- Baths
-- ft2
$149,900
Owners.com Estimate:
Estimated Payment:$563/mo

This is the largest parcel of land in the sub-divisions which includes all lots which are for sale individually

This parcel is combined as one lot and includes Lot #4, Lot #6, Lot #7, Lot #8, Lot #9. Power is on the Waterford Hollow Lane, which is privately maintained by a neighbor who lives on the Lane. The land is wooded, has a stream, has walking trails, VAST snowmobile trail. There are pretty westerly views and is a great area to build your year-round home or your nice getaway. Waterford has an excellent Pre K-8th grade with choice of high at St. Johnsbury Academy or Lyndon Institute. Property is surveyed and power is on the lot, some lots have had perc testing. So, build your home where you desire! Easy access, quiet area.

Property type
Lot / Land
MLS #
4748268
Lot Size
1747627 sqft
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My Home Features

Bathrooms

# of Full Bathrooms: 0.0

Exterior

Features: Walking Trail

Building

Property Types: Lot / Land

Lot

Lot size: 40.12 acres | Lot size: 1747627 sqft | Lot Features: Country Setting, Level, Rolling, Sloped, Trail/Near Trail, Wooded | Zoning: res

Location

County: VT-Caledonia | Subdivision: Kaydac, LLC | Directions: From St. Johnsbury, take Route 2 East to East St. Johnsbury. Take right onto East Village Road. Travel 2/10ths, turn right onto Waterford Hollow Lane. Property begins on the right and goes all the way to the end of the road. Sign. | MLS #: 4748268

Utilities & Security

Utilities: Electric - On-Site, Telephone | Sewer Service: #NONE | Water Source: #NONE

School

Middle School: Waterford Elementary School | 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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Data provided by: New England Real Estate Network
Last detected update: September 16, 2019 02:48PM 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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