Does the "act diligently to obtain loan" clause obligate the buyer to accept a loan offer?Obtaining a loan is a contingency of our escrow agreement. It says in our escrow contract that the buyer "shall act diligently and in good faith to obtain the designated loan." So if a bank offers us a loan for the amount specified in our escrow contract, will we be in breach of contract if we don't take it?July 31 2013 - San Rafael0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.