This has changed over time SDR. For a while, If I remember correctly the buyer had to indicate passive or active removal of contingencies. My broker doesn’t like the curent language and if he wants the loan contingency to remain in effect for the duration of escrow or until funding he puts it in an addendum just to be sure it is clear. I have not had a problem with it but I’ll be honest I don’t understand that language about continuation of contingencies in that section of the contract.That is why I said in another post a lawyer could interpret it various ways. Seems you are always thinking active removal is required to put the buyer’s deposit in jeopardy? Maybe you could go help donaldduckmoore on his thread. He is worried about his deposit and although he didn’t state if he removed his contingency in writing, I told him he could have a hard time getting it back.I am not sticking my neck out with a supposedly conclusive answer on somebody else’s escrow on this topic. Anyway it is a shame if an agent doesn’t help protect the deposit when they write the offer.
