Im a little lost - if there is any contingency the bank is not willing to extend....you know that they have the right to cancel.
If the bank wants to see a credit profile of the buyer to qualify before opening escrow - Yes.
Is this an all cash offer ? Then NO. .
What other issues are at play here ? You need to determine the rights of the beneficiary and causes for negligence? Correct?
Not properly stated in adequate question format.