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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."
ACTIVE
203 days on Owners.com
LOTS7-8 Woodland Dr
Tomahawk, WI 54487
-- Beds
-- Baths
-- ft2
$49,900
Owners.com Estimate:
Estimated Payment:$187/mo

WOODLAND DRIVE WATERFRONT LOTS

These are a total of 6 thickly wooded lots available with frontage on the Jersey City Flowage. The lots are being sold as BOGO providing over an acre of land to find the right spot to place your home or cabin and 200' of level frontage with room to stretch out and enjoy your views. The Jersey offers minimal water fluctuation and 404 acres of recreational watersports. There is a public boat ramp availalbe with a range of fishing with reported Muskie, Large & Smallmouth Bass, and Panfish with Pike and Walley present. Electric, phone, and natural gas are at the road for hook-up. Easy access to Hwy 8/Hwy 51 for commuting and just a few minutes from Tomahawk make this an ideal location for your future home. Additional lots are also available for a total of almost 4 acres and 600' of frontage!

Property type
Lot / Land
Price/Sqft
-
MLS #
177516
Lot Size
54450 sqft
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My Home Features

Bathrooms

# of Full Bathrooms: 0.0

Building

Property Types: Lot / Land

Lot

Lot size: 54450 sqft Lot Features: Lake Front, Level, Wooded Area, No Thru Road, Buildable | Zoning: Residential

Location

County: Lincoln | MLS #: 177516

Utilities & Security

Utilities: Electric at Lot/Road, Telephone, Gas at Lot/Road

School

Elementary School: LI Tomahawk | Middle School: LI Tomahawk | High School: LI Tomahawk

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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Local Insights

Listing provided by: KIM BRIXIUS 

Listing courtesy of: RE/MAX PROPERTY PROS - TOMAHAWK |  (715) 453-1188 

Northwoods Association of REALTORS®

Tools for buyers

Data provided by: Northwoods Association of REALTORS®
Last detected update: May 02, 2019 03:30PM EST ~ Verified on November 05, 2019 05:31AM 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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