Legal Question in Real Estate Law in California

Since all you are doing is delaying the sales date as to the property, there is no legal effect beyond what the date of sale is. But you can just agree to continue the date instead of canceling it.

I'm puzzled why you would want to do that. There would probably be fees associated with that, that you would not have to pay to just submit mutual instructions extending the existing escrow. Since buyer and seller can always modify an escrow with mutual instructions, I can't think of any reason at all that anyone would want to cancel one escrow and open another unless you want to change escrow companies. Even they, why do that? I can't think of a reason anyone would need to change companies in mid-deal.

Why the hell would you do that?