Usually if the loan doesn't fund in 3 days, title will return the funds to the lender. If that happens, chances are you will have to resign loan documents - but the deal should be safe (unless it's a short sale and you need to get an extension on your approval - then you should act quickly to request that). Please let me know if you have any more questions.
8700 Reseda Blvd., Suite 213-B
Northridge, California 91324
(818) 967-9626 mobile
(818) 979-0226 fax http://www.HomesByCaroline.net
Your question is not clear... did they fund the loan and the property/escrow is not ready to close? If so, it depends on your mortgage lender's policies... that would be a very uncomfortable position for them to be in... unless is renovation loan?
If the documents are already at the closing company and dated you normally have to close that day. But as long as your rate lock has not expired the lender can redo docs up till that day without a large hassle normally. But each lender is different.
Keep in mind every day that wire is in your account, you are paying the interest.
Other issues include rate lock expiration and your loan documentation expiring and requiring updated materials.
I agree, a detailed conversation with your loan officer would be helpful to let you know where you stand with this.
Usually the wire can only be out for 5 days. Talk to lender to make sure, but if not funds will be returned to lender and you will have to re draw docs ($195.00) is what they usually charge to re draw. Sounds like to me someone didn't do their homework to make sure things were ready to go and items were cleared.