The buyer's estate (personal representative, trustee or administrator) may decide to go ahead and complete the purchase. If the estate defaults, then you foreclose your security interest (with the PR, trustee or administrator as defendant) as with any buyer. It sounds to me like you need a lawyer. With an occupant in the property, there are many picky notice requirements in the new foreclosure laws.
Answered on Dec 23rd, 2016 at 6:53 AM