Dear Friends,
First, I want to thank everybody for doing all they can to help stop the spread of coronavirus. I know this disruption to our work and way of life is not easy.
I am aware of the concerns about an influx of new visitors to Ocean City during the current public health emergency.
Although Ocean City ordinarily welcomes all visitors, at this time we must take all available steps to enforce social distancing recommendations and limit nonessential travel to Ocean City.
As authorized by Gov. Phil Murphy’s Executive Order No. 108, Ocean City will prohibit online marketplaces from offering short-term rentals until further notice.
In addition, I have spoken with leaders in the Ocean City real estate community, and they have agreed to suspend short-term rentals of any kind. I urge all private owners to do the same.
We are facing a health issue, such that we have never seen before.
In his letter of March 19th, the Mayor of Ocean City has asked everyone to stay home, limit travel to only essential destinations and practice social distancing.
Last week by city mandate, it was announced that the Ocean City beaches and boardwalk are closed.
Mayor Gillian has asked all residents to honor the Governor’s directive to shelter at home, and for all residents to stay at home.
We ask that we all do our best to follow the Governor's, the CDC’s and the Mayor's restrictions and requests. Please check with your Broker if there is a new temporary policy concerning government restrictions and requests, particularly with respect to Spring Rentals. Please follow the direction of your Broker.
There are many resources available to you to use as guidance.
Do Realtors provide an essential service?
The real estate industry not only helps provide homes for millions of Americans, but it also creates millions of job opportunities, making the industry a massive driver of the U.S. economy. But with more state and local governments implementing stay-at-home orders, Realtors are having to redefine how they do business, as they find ways to meet with clients and also maintain the health and safety of all parties involved.
The latest reports show that at least 212 million people in 22 states, 64 counties, 16 cities and one territory are being urged to stay home. The challenges that arise from all these orders is that each place has a different list of requirements for what a stay-in-place order entails, leaving Realtors, along with many others (go here for information on notaries, homebuilders and appraisers), to figure out which rules apply to them.
Governor Murphy Announces Mortgage Payment Relief, Financial Protections for New Jerseyans Facing Economic Hardship as a Result of COVID-19
TRENTON – Acting on a commitment to provide financial relief to New Jersey homeowners, Governor Phil Murphy today announced that financial institutions will provide mortgage forbearance and financial protections for New Jerseyans facing economic hardship as a result COVID-19.
“Millions of hardworking New Jerseyans are suffering financial losses through no fault of their own as a result of the economic downturn brought on by COVID-19,” said Governor Murphy. “With this initiative, we can ensure that no one loses their home during this public health crisis. I commend our private sector partners for doing their part to reduce financial uncertainty for New Jersey families.”
Building on a similar initiative in California, Governor Murphy secured support from Citigroup, JPMorgan Chase, U.S. Bank, Wells Fargo, and Bank of America, in addition to over 40 other federal and state-chartered banks, credit unions, and servicers to protect New Jersey homeowners. More financial institutions are expected to sign on in the coming days. The New Jersey Bankers Association, CrossState Credit Union Association and the Mortgage Bankers Association of New Jersey have endorsed this initiative and are encouraging all their members to adopt these policies.
For more information on COVID-19 related mortgage relief, please click here.
This is general guidance only. Members should consult their brokers, legal counsel, and government-provided public health information. In addition, check with your MLS for any changes to open house and showing fields, or other temporary rules in place due to local conditions.
In deciding how to address new issues that may come up in your day-to-day business, we urge you to find answers that will ensure first-class services to your clients, while also demonstrating care for the health and well-being of clients, agents, and the greater public welfare in reducing the risk of exposure to and spread of COVID-19.
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