Does this cancel the deal?

[Ericka G.]

I've been feeling very uneasy about a deal but had already signed the contract to sell.  Today, my attny reached out and said the buyer has asked for an extension on the mortgage contingency which expires in 2 days.  I'd been debating trying to back out of the deal but was afraid of the legal ramifications.

If I refuse to grant the buyer an extension, does that mean that I as the seller can walk away without penalty if they don't get funding in the next 2 days?