Both of the agents who have answered your question have given good & well-intentioned information and opinions, for the states in which they are licensed (neither of them is a PA licensed Real Estate Agent). Being a PA licensed agent, neither I, nor any other PA agent, can ethically give you advice that would be contrary to your agent's advice while you are contracted with that agent. Having said that, I CAN answer your direct question by saying this (but the person you SHOULD ask this of is the Broker for whom your agent works): In Pennsylvania, in all Real Estate Contracts, all dates ARE OF THE ESSENCE. This means that, if a specifed date has passed, or is about to, then you must have an Addendum stipulating that all parties agree to a specific, extended date for whichever event was stipulated for that date. How this is handled in your specific situation would be at the discretion of the Seller, the Bank, and the Real Estate Broker, through your agent's efforts. Again, you need to talk with your Agent's Broker to find out how this needs to be handled. Another option would be to consult with a Real Estate Attorney to get the proper legal advice. I hope you get it all worked out properly and I wish you good luck with your transaction, with no more bumps in the road!