wholesaling question

[Darren Barnett]

I have been lurking and reading posts, just trying to gain some insight into the wholesaling side of things when a question occurred to me. What happens if a wholesaler contacts a seller and gets a home under contract and then can not find an interested buyer? Does the wholesaler get locked into the purchase of the property or is there a clause in the contract to negate the deal? I'm sorry if this has been asked before, I searched and was unable to locate it if it was.