Yes, there is a possibility that a property can be bought from the current owner before foreclosure; however, it is absolutely imperative that you check all state and local laws concerning this process.
Many states, including Maryland, have amended their foreclosure laws to further protect defaulting homeowners from investors, thereby forcing more homes into the foreclosure process. (These legal changes add to the reasons that real estate investors should consider an MDAuctions membership.) It is better to consult Maryland foreclosure laws rather than the local auctioneer or the attorney representing the bank, who often do not have the relevant information nor the right to disclose needed information.
If you are a homeowner about to lose your home to foreclosure or if you wish to learn more about this topic, check this PowerPoint presentation provided by the Maryland Department of Housing.