I am in some ways trying to find the same answer to your question. I am waiting for a sheriff's sale that is in a few weeks and trying to do my home work prior to the sale. Novastar mortgage is the one that is forclosing on the proeperty. I would like to know if they usually buy back their properties for what they owe, or if they let them go since they have so many of them.
As for finding their REO List, our county recorders office has all of that information online, you can search by property or plantif, so if you just type in Novastar it will show all past and current cases pending in that county where Novastar or any other lender is listed.