buy out before foreclosure

[Kyle Richter]

I have a few rentals, nothing extreamly profitable, but none the less..income and equity. In my area were just not seeing any great real estate opertunities.
But, I have a friend that has a house that him and his wife have not been able to pay the mortgage for over a year....they are certain to loose the house. Would a bank accept a reduced offer in a situation like this? or would they rather just move forward with the forecloseure? Any advice?