So I got my loan commtiment and clear to close for this Friday, the 24th. I was over the moon. The only condition was that I have to close on my home with my buyer first. I am selling to a realtor who was to pay cash at closing. Our purchase agreement reads "cash at closing, this agreement it not contingent on the buyer obtaining financing, settlement fees if any to be paid by buyer. So I was heckling my buyer to get a closing time and date set for this week. He then calls and tells me he had a deal fall through at closing and does not have the funds to close on my home. 
He is now attempting to try to pull equity from two investment properties via a cash out refinance. Of course, it is highly unlikely that he could get this accomplished in the time frame needed. My loan commitment expires on July 31st, my rate lock on August 7th. Can I get extensions on my loan committment and rate lock if the sellers of my new home are willing to push back closing? Of course my lender is out of the office until the day we are scheduled to close, so I can't get any answers out of him right now. I am soooo sad. We were supposed to be packing this week and moving on. Who enters into a purchase agreement saying they have cash and then doesn't have the funds??? What do I do?
@kendreia wrote:I am wondering if extensions will even be possible?
Bank extension certainly, may or may not cost you some money to extend the lock but doable by virtually any lender.
Seller extension, possibly? They're in the same state you are, stuck with something up the chain preventing their house from transacting, and non-zero chance it's a cycle for them further too.
You could go look for a bridge loan as that was the traditional route for solving something like this, but that's hard to find these days: when a quick Google still has results from 1998 in their first page, yeah, not so much. Speciality lending product to be sure now.
