We hope this email finds you and your families safe and healthy in these uncertain times.
Understandably, there is a growing concern about the Coronavirus (COVID-19), and I want to take a moment to inform you of our plans and procedures. Property Debt Research has a Business Continuity and Pandemic Plan in place that we will enact as needed. We are prepared to have our staff work remotely if there is a quarantine set in place, or if upper management believes the risk is too high for our employees to travel to and from the office. Our operations will continue to ensure that our client support is not impacted; however, some events that are out of our control could cause delays.
At this time, all public schools in Florida have been closed for a minimum of two weeks. This has the potential to impact production across all facets of our industry including title companies, municipalities, management companies and of course, our company. There may be employees who have no option but to stay home with their children and although we hope that it only affects a minimal number of individuals, it still will have an impact.
We also foresee the possibility of production issues related to county/jurisdiction closings. As an example, counties in NY have closed as a precaution without any direction on when they plan to reopen. Many offices (tax collectors, HOAs, etc.) are implementing similar strategies, causing a slower than usual response due to skeleton staff on site or complete office closures. If Florida municipalities close, we could see a severe delay in receiving responses from these municipalities which could delay closings. We recommend that all of our clients start the research process sooner to compensate for the expected delays.
We will continue to update you accordingly and are here to answer any questions you have. We are all in this together and appreciate your patience and understanding during these times.
As always, thank you for your business & loyalty.