Whats happens if you can't assign your contract to a buyer

[William Brown]

Hi, I have a question about wholesaling. What happens if a wholesaler is not able to sell the house before the deadline of the contract is the wholesaler stuck with the house or does the wholesaler just cancel the contract? 

[Steve Babiak]

Well, if you don't have money to buy it, you will probably look to weasel out of it somehow. That's why wholesalers always seem to have at least one weasel clause in their contract with the seller. 

Whether that seems ethical or not, I won't comment.