Ours was not published in the newspaper but it is on the credit report. It does not show up as a public record or judgment though. It has a negative effect on the credit report but I'm not sure if it is because it was 90 past due or because it states deed in lieu of foreclosure.
Since you would not be going through foreclosure it should be published. Check with the lender. This is a good website for additional information. You might have to cut and paste it in your address bar.