Yes. Banks have a "cash for keys" incentive program to assist with moving costs associated with an imminent foreclosure. This will, in many cases, avoid the lengthy foreclosure process and smooth the transition of moving out of a home the homeowner can no longer afford. It is also useful for rental situations, where the tenant may not want to move.
If you believe a homeowner or tenant will neglect or damage property, reach out to the bank to apprise them of the situation and recommend that they offer "cash for keys" to the resident.