You are right: if at all possible, try to avoid a foreclosure sale.
If your in-laws cannot afford the payments they will be much further ahead to sell part or all now at market price rather than to wait for a bank foreclose sale. The bank might accept the first offer above the amount owed them and your in-laws could lost much of the equity they have in the property.
Much of the confusion and frustration seems to be from the idea that you expect to buy the property for only the amount remaining on the mortgage rather than paying full market price. That's not going to happen without legal problems and family problems. Talk to a professional and have them spell out your options.
Good luck, it sounds like you want to help your in-laws.
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Today's Featured Article - Old Time Threshing - by Anthony West. A lovely harvest evening late September 1947, I was a school boy, like all school boys I loved harvest time. The golden corn ripens well and early, the stoking, stacking,.... the drawing in with the tractors and trailers and a few buck rakes thrown in, and possibly a heavy horse. It would be a great day for the collies and the terrier dogs, rats and mice would be at the bottom of the stacks so the dogs, would have a busy time hunting and killing, all the corn was gathered and ricked in what we c
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