Sold business and haven't finished getting paid

[PMGdesignSD]

My mom had a Mom and Pop business for a long time. We practically grew up around it. Last year she sold it to a man and his sister. They are younger and they wanted to buy it from my parents. Escrow opened and closed but with a repaying option of 3 years. They signed a contract and one of his houses was going to back up the contract with a lien. If the guy didn't pay, the house would respond.

Well, today my mom received a letter from the bank saying that they are going to foreclose on his house. So, the one security my mom had is about to be sold to the highest bidder. Now, with the market, who know if my mother will get the rest of the money they man and his sister still owe her. What can she do? I would hate to see my parents hard work just be sold for scraps. Does anyone know if the business can take a lien like a house would? How can my mom get this man to respond?

[Ethel]

What country are you in?

[rocklolo]

where is your parents solicitor?????

[Markandshez]

Sounds like the US to me