Tjsturgeon, the only information that can be determined is by a publically recorded lis pendens with the county clerk of circuit court. this does not mean that the property is for sale, if the owner is working with the lender regarding a forebearance, working on a loan modification or a bankruptcy.
Usually owners in receipt of a lis pendens are doing everything that they can to keep the property.
There is no way to determine if a property is one, two or three months behind in payments. Sarasota and Manatee counties have online bidding for properties being sold at "the court house steps'.
If you are interested as an investor, you could also consider buyiing tax liens or mortgage notes.
A distressed property is like a butterfly. It is in the catepillar stage or behind on payments, then goes into a cooccon and is unavailable for any one to purchase. This phase could last for years. When it emerges as a buttefly (although a distressed property is not as pretty) it may be sold at auction or repossessed by the lender and sold as a bank owned.
When you purchase a foreclosure, all outtanding liens, judgments, title issues transfer to the new owner. These are pretty high risk purchases. If you purchase a bank owned these issues have been addressed.