Another foreclosure sale closed. Find your next pre-foreclosure opportunity.
1703 E Penasco DR, Hobbs, NM 88240 — Sold $48,900
1703 E Penasco DR, Hobbs, NM 88240
Another foreclosure property closed in Lea County, NM. Distressed sales like this move fast when the right buyer is ready.
1703 E Penasco DR, Hobbs, NM 88240
Final sold price
SOLD$48,900
What sold at 1703 E Penasco DR, and for how much?
1703 E Penasco DR, Hobbs, NM 88240 sold for $48,900 on August 11, 2026. The property is a residential. LeadCruncher tracks it as a pre-foreclosure lead sourced from county recorder foreclosure filings (NOD, lis pendens and auction notices) in Lea County.
Sale record at a glance
| Address | 1703 E Penasco DR, Hobbs, NM 88240 |
|---|---|
| Sold price | $48,900 |
| Sold date | |
| Property type | Residential |
| County | Lea County, NM |
| APN | 4 000 041 150 001 |
| Foreclosure filing | Notice of Foreclosure Sale |
What is a foreclosure sale?
A foreclosure sale is a property sold after a borrower defaults on their mortgage and the lender completes the foreclosure process. LeadCruncher tracks recently sold foreclosure properties in Lea County, New Mexico alongside active pre-foreclosure filings, so investors and agents can spot distressed-market activity early.
Recently Sold Foreclosure Property: 1703 E Penasco DR, Hobbs NM 88240
Property profile
- Address
- 1703 E Penasco DR
- City / state / ZIP
- Hobbs, NM, 88240
- County
- Lea County
- Property type
- Residential
- Land use
- Single Family Residential
- APN
- 4 000 041 150 001
Scheduled auction
- Auction
- 07/31/2026 at 9:00 AM — 100 N Love St, Lovington
- Minimum bid
- -
Mailing address
1703 EAST PENASCO DR, Hobbs, NM 88240
Foreclosure & ownership
- Current owner
- Current owner is locked. Sign in with an Assessors Data subscription to view.
- Trustor / borrower
- Trustor / borrower is locked. Sign in with an Assessors Data subscription to view.
- Trustee
- Trustee is locked. Sign in with an Assessors Data subscription to view.
- Document type
- Notice of Foreclosure Sale
- Unpaid balance
- $143,774
- Past due amount
- -
- Assessed value
- $19,975
Numbers from this sale
A few quick comparisons we run from the recorded numbers so you can see how this sale stacks up.
- Sold vs. assessed value245%Sold price was 245% of the $19,975 county-assessed value.
- Unpaid balance vs. sold price294%Recorded unpaid balance was 294% of the $48,900 sold price.
About this foreclosure sale
1703 E Penasco DR, Hobbs NM 88240 changed hands as a foreclosure sale in Lea County, New Mexico. The home closed at $48,900. Sales like this show where distressed inventory is clearing. LeadCruncher helps you find the next filing before it becomes public competition.
Frequently asked about this sale
How much did 1703 E Penasco DR, Hobbs, NM 88240 sell for?
1703 E Penasco DR, Hobbs, NM 88240 sold for $48,900 on 08/11/2026.
When did 1703 E Penasco DR, Hobbs, NM 88240 sell?
The transfer of 1703 E Penasco DR, Hobbs, NM 88240 was recorded on in Lea County, NM.
Who sold 1703 E Penasco DR, Hobbs, NM 88240?
Listing-agent details are not publicly available for the sale of 1703 E Penasco DR, Hobbs, NM 88240.
Who represented the buyer of 1703 E Penasco DR, Hobbs, NM 88240?
Buyer-agent details are not publicly available for the sale of 1703 E Penasco DR, Hobbs, NM 88240.
What foreclosure filing is associated with 1703 E Penasco DR, Hobbs, NM 88240?
1703 E Penasco DR, Hobbs, NM 88240 is linked to a Notice of Foreclosure Sale filing.
What kind of property is 1703 E Penasco DR, Hobbs, NM 88240?
1703 E Penasco DR, Hobbs, NM 88240 is recorded as Residential. Its land-use classification is Single Family Residential.
How can I find more pre-foreclosure leads near Hobbs?
LeadCruncher tracks pre-foreclosure filings (NOD, Lis Pendens, auction notices) across Lea County and nationwide. Use the Find Similar Leads button above to filter by NM and start with the freshest distressed property records.
What is a foreclosure sale?
A foreclosure sale is a property sold after a borrower defaults on their mortgage and the lender completes the foreclosure process. LeadCruncher tracks recently sold foreclosure properties in Lea County, New Mexico alongside active pre-foreclosure filings, so investors and agents can spot distressed-market activity early.
Public records and foreclosure references
Want to verify this sale yourself? The Lea County, New Mexico recorder holds the original deed, and the references below explain the pre-foreclosure process behind it. All of them apply in every state.
- Public Records Online Directory
County-by-county directory of recorder, assessor, and tax collector offices across all 50 states. Useful for pulling the original deed or recorded sale.
- How foreclosure works — Cornell Law
Plain-English overview of the foreclosure process in the United States, including judicial vs. non-judicial foreclosure and where a notice of default fits in the timeline.
- Avoiding foreclosure — CFPB
Consumer Financial Protection Bureau guidance on the options available to homeowners facing default — useful context for understanding a distressed seller's situation.
More recent foreclosure sales nearby
Looking for more like this? The county hub has the full list of foreclosure sales in the same area, with filters for price, beds, and property type.
Your next distressed deal starts here
LeadCruncher tracks pre-foreclosure leads across Lea County, NM and nationwide, identified from county recorder foreclosure filings (NOD, lis pendens and auction notices). Reach the owner while they are still deciding what to do, not after the sign goes up in Hobbs, NM.
More ways to find distressed properties
Every dataset below covers Lea County, NM as well, so you can stack signals on the same parcels you already farm in Hobbs, NM. All of them refresh daily.
The next Hobbs, NM seller is in this week's data. Explore Pre-Foreclosure on LeadCruncher.
Ready for your next pre-foreclosure opportunity?
No contracts. No long-term commitments. Just verified distressed property leads delivered to you.
LeadCruncher. 160M+ U.S. property records and pre-foreclosure lead tools for real estate professionals.
