If you miss a payment here in the Omaha area, your name and home address ends up on a default report. Is public record. I get a copy every month. As noted below, this does not mean the default/foreclosure will take place. Once they may the payment their name is off the report. May take 6 months before a property actually goes on the market for sale if taken by the lender...some possibly longer. The lenders list the property so this will make it's way to the MLS IF this actually does turn into a bank owned property.