What happens if you put the inncorect password into an iphone?

My iphone 5 was just stolen and I want to know what will happen when they put the password in a ton of times and get it wronge. I know it will get disabled for 60 minutes or whatever but what happens when they make the phone reset itself? Will the password go away after that or will it remain there? I just don't want them to be able to get into the phone even if it is all cleared.

It should remain locked I do believe. Good luck. Hopefully you get it back! Haw a great day!

First go on iCloud.com and track your phone through find my iPhone. Click to make the phone play a tone. I would then contact your cellular carrier and tell them of your situation and you may want to deactivate your phone. To answer your question, whoever stole your phone could be able to wipe your phone allowing them to set it up as a new iPhone. If they aren't able to wipe your phone, then i don't think they have a way of accessing your phone for them to use.