You can possibly be sued for specific performance to force you to close. Your contract should allow you a period of 30 to 60 days to clear the judgment. Unless the judgment amount exceeds the sale price you can be forced to close. You could also escrow money to settle the judgment at a later date and close now. This should not be escalating to a lawsuit. Speak with your attorney. He should be able to explain all your options in detail based upon the terms of your contract.
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You are represented by an attorney, so all another attorney can really tell you to do is to "talk to your attorney." This frankly sounds like something that you should be able to work out with the buyer, without this going to court. I would certainly make every effort to do so. I would suggest that you refer the buyer to your attorney and try to get this worked out.
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