-v-Kokolis.pdfIf I understand what transpired in the case correctly, the summary of what happened is that:1.

Some people who buy using Subject To don't fully disclose to the seller and the buyer what is transpiring, again, In my opinion that is a big mistake for reasons I won't go into now because it gets pretty technical.

History is a great teacher as to what is transpiring as human nature hasn't changed after thousands of years, things just occur at a much faster rate now.I hate to sound so negative but I'm taking a pessimistic perspective on all of this to help me prepare for worst-case scenarios.

I have seen several HMLs either stop, pause, or postpone certain programs due to what is transpiring today. 

All of this has transpired in a 2 week period.

And given that such a crash is a real possibility, then it might be wise for a Newbie to wait-n-watch for how things transpire in the housing market in the next few months, while looking for opportunities in buys, that might occur in such a possible crash.

After that, is a running log of whatever has transpired with the property.

Even if you're in a stable area, you could probably take advantage of fear of unknown & obtain a low market or below price before we find out what really will transpire. 

This all transpired yesterday afternoon (Saturday).

We all want and think the floor is going to fall out but as long as there is cheap money, a modicum of jobs and such an unprecedented demand for housing this might not transpire the way we think.