Certainly! If you have an agent, your agent can make inquiry on what the contingencies are in place. It could be financing, home inspection or many other things. For example, the buyer may have a house to sell. In that case, the owner may want to accept back-up offers. If the first offer goes away, the back-up offer moves to first position. It's always worth a try. Also consider that buying a foreclosure takes a lot of patience. Good luck!