Foreclosure for Sale on N Lily Pond Rd 2, Hobbs, NM 88242

Foreclosures โ€บ New Mexico โ€บ Lea โ€บ Hobbs โ€บ N Lily Pond Rd 2
Pre-foreclosure property at N Lily Pond Rd 2, Hobbs, NM 88242. Lea County foreclosure listing.
Pre-foreclosure Active 1 days on market
N Lily Pond Rd 2, Hobbs, NM 88242
Price TBD
Lea County ยท New Mexico
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Property details
Listing type Preforeclosure
Property type Other
County Lea County
State New Mexico
ZIP 88242
Days on Market 1 days
Listing ID 66264440
About this property

This home in Hobbs, NM is in preforeclosure, which means the homeowner is in default (missed payments). Therefore, there could be an opportunity to strike a great deal with the owner and the bank.

๐Ÿ“Š Lea County Market ยท Updated daily
Active Listings
63
Avg. Est. Value
$178,666
Bank-Owned (REO)
36
Pre-Foreclosures
27

52 active foreclosure listings in Hobbs, NM.

Browse all Lea County foreclosures โ†’
โ“ Frequently Asked Questions
This is a pre-foreclosure property. The homeowner is behind on mortgage payments but the property has not yet been auctioned. Buyers can negotiate directly with the owner, arrange financing, and conduct a full inspection โ€” often at a price below market value.
Click "View full listing & bid" above to access complete auction details, contact information, and bidding tools through our foreclosure.com partner. You can also work with a licensed real estate attorney or broker familiar with Lea County foreclosures for additional guidance on the purchase process.
There are currently 52 active foreclosure listings in Hobbs, NM. Land.net updates foreclosure data daily across all 50 states.
Before buying any foreclosure, research: (1) title history and any liens that may survive the sale, (2) property condition โ€” most foreclosures sell as-is with no repairs, (3) delinquent property taxes which are a senior lien, (4) HOA fees and any delinquent assessments, (5) flood zone status using FEMA maps, and (6) occupancy status โ€” eviction may be required if the property is occupied.
๐ŸŒŠ Flood Zone ยท FEMA NFHL

Check the official FEMA flood map for this property's flood zone designation and risk level.

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๐Ÿฆ Mortgage estimate
Est. monthly payment (P&I + tax + insurance)
โ€”
๐Ÿ“ Location Map ยท Hobbs, NM Open in Google Maps โ†’
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๐Ÿ˜๏ธ Neighborhood Profile ยท ZIP 88242 ยท U.S. Census ACS
Population
7,312
Median Age
37.2 yrs
Households
2,537
Median Household Income
$82,041
Median Home Value
$213,200
Median Rent
$1,168/mo
Owner-Occupied
82% of homes
Vacancy Rate
9% of units
Unemployment Rate
8.8%

~11% of residents hold a bachelor’s degree or higher.

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2022)
๐Ÿซ Schools ยท NCES 2024โ€“25

Source: NCES CCD 2024โ€“25 ยท nces.ed.gov

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๐Ÿ“ Nearby Foreclosures
N World Dr
Hobbs, NM 88242
4 bd ยท 2 ba ยท Preforeclosure
N Lily Pond Rd
Hobbs, NM 88242
Preforeclosure
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Hobbs, NM 88242
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W Frey Ave
Hobbs, NM 88242
Foreclosure
W Rebecca Lane
Hobbs, NM 88242
3 bd ยท 2 ba ยท 2,060 sqft ยท Foreclosure
View all in ZIP 88242 โ†’
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