Yes, it is possible. It would be possible by consulting with the creditor who filed the real estate auction and other creditors, and distributing the proceeds that the owner can obtain from the real estate sale to the each creditors.
Among the many real estate properties for auction, particularly attractive properties are purchased in this way by real estate companies and others before the opening day of the auction.
However, in order for this method to be successful, it is necessary to be able to reach an agreement with the owner of the property that is being auctioned.