Jennifer,
Do you have representation? In answer to your question, the date that you submitted on your 24 hours to perform certainly gives you the right to cancel the escrow if the Buyers do not release their loan contingency. It has nothing to do with conditional or non-conditional.
In this real estate market unless you have a willing and able buyer standing in the wings that you have verified their ability to perform, I would continue with the current home buyer instead of having to go through all the contingency periods again. Just my suggestion...
Wishing you all the best,
Gena Riede, Real Estate Broker
Remax Gold - Mon Jul 14 2008, 08:12