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Buyer suddenly in hospital before closing (CO)

Hi folks. I'm in a messy situation here and looking for any advice you may have.

My house in Denver went under contract last month and was supposed to close this Monday, 8/3. The buyer has been a little weird, including requesting additional items be inspected after they signed the inspection resolution, but I tried to just be cooperative. My wife and I moved out of state a couple of days ago and signed our closing docs remotely, at which point we're just waiting for 8/3 and our proceeds to be wired.

Well, today I get a call from our agent back in Denver and evidently, the buyer's agent and lender had been unable to reach him with documents he needed to sign today. After trying to track him down all day, they contact his sister and it turns out he's in a hospital in Iowa and is non-communicative. We have no idea if he has COVID, got in a car accident, is on his deathbed suddenly, or just came down with a terrible illness. He's a younger guy, so it's very strange and unexpected. Both his agent and my agent are trying to find out more info.

Obviously, my agent has never dealt with this situation and seems shocked, so I'm not sure where to go from here. I hate to sound callous, but will we be able to get the earnest money? We're now renting a place here in CA and may have to carry the mortgage in CO if this doesn't go through, so not a great situation. I sent emails to a couple of real estate attorneys in the meantime, but any advice is welcome.

submitted by /u/fartsimpson420
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source https://www.reddit.com/r/RealEstate/comments/i0xt2v/buyer_suddenly_in_hospital_before_closing_co/
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