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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: Karen Judd 

Listing courtesy of: Judd Realty, LLC |  (608) 524-9800 

SOLD
Sold in 63 days
420 Ellinwood Ave
Reedsburg, WI 53959
4 Beds
2 Baths
1,934 ft2
Sold for
$144,500
Owners.com Estimate:
Estimated Payment:$522/mo

Plenty of room for everyone, come enjoy this 4bd, 2ba home with walk-in closets, 2 extra rooms upstairs and use-able full basement

Garage is 1 car with extra space, shop area, back area w/doggy door to kennel and its insulated, just need a heater. Enjoy the large fenced-in back yard with storage shed, fire ring and patio area w/back entry to house to entertain everyone. Amish cabinets, tile floor, counter tops & back splash in Kitchen, wood flooring in dining room and plenty of hall closets for storage. Sellers providing Home Warranty, 2018 furnace. Come take a look!!

Property type
Single Family Home
Structure
1 1/2 story
Year built
1920
Parking
Driveway - Concrete
Price/Sqft
$72
MLS #
1856235
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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: 4 | Basement: Full

Bathrooms

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

Interior

Features: Laundry Level - L, Living/Great Room Level - M, Dining Room Level - M, At Least 1 tub

Exterior

Features: Fenced Yard, Storage building

Building

Property Types: Single Family Home | Year Built: 1920 | Structure: 1 1/2 story | Architecture: National Folk/Farm | Siding: Vinyl

Garage & Parking

Parking: Driveway - Concrete | Garage: One Car, Detached, Additional Garage

Lot

Lot size: 0.25 acres | Zoning: Res

Location

County: Sauk | Subdivision: Clarks 2nd add | Real Estate Area: REEDSBURG - C | MLS #: 1856235

Appliances

Appliances: Range/Oven, Refrigerator, Dishwasher, Washing Machine, Dryer

Heating & Cooling

Air Conditioning: Central Air | Heating: Forced Air

Utilities & Security

Utilities: Fuel - Natural gas | Sewer Service: Municipal sewer | Water Source: Municipal water

School

School District: Reedsburg | Elementary School: Call School District | Middle School: Webb | High School: Reedsburg Area

Owners.com Estimated Value

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Local Insights

South Central Wisconsin MLS

Tools for buyers

Data provided by: South Central Wisconsin MLS
Last detected update: July 09, 2019 11:03AM EST ~ Verified on November 09, 2019 11:43PM 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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