Owner got a foreclosure letter before we closed. What now?

[Thomas Weidner]

We have a property under contract and we are having title work done as we speak. The title work should be done by the end of the week. Today the seller which we know personally called and told us that she had received a foreclosure letter from her bank. I know we will not be able to talk to the bank where it is financed because we are not on the note. What do we need to do now to close this deal!