Equitable Conversion

[Kyle Hussey]

Hi guys,

I am pretty new at this and was recently told about "Equitable Conversion" (by someone who is new than me.  I'm not sure where they heard the term).  From what I understand, it basically puts the buyer at risk loss if something happens to the property after the contract has been signed, but before the deed is conveyed.

Is there something that you guys put in your wholesaling purchase agreements that protects you from this risk?

Or is it even something to be concerned about?  (I am assuming insurance is involved).

Thanks!