Sooo... we checked the brake fluid, no problem there. Then, we were able to take the Mach 1 to a brake shop and they ran a diagnostic. The light wasn't on at the time (of course... err) and no codes were found. The guy we took it to agreed that it is a wheel sensor, we have to figure out which one is making the problem.We will just have to time is out right to run the test for ABS light codes.
Now, we've noticed a weird crunching sort of sound when you push the brakes in hard at a stop. And if you listen really closely, it sounds like pressure lets out like a small hissing sound. Then, a sound comes from what sounds like the rear axel, sort of like something is flapping or wrapping around while the car is in motion, not at a stop. It's very frustrating!

It seems like when the ABS lamp is on, the sound can't be heard, when it's off, it's very loud and obvious.
Hopefully, we can get it out to the shop with the light on soon and fix this bad boy back right!!