Wholesaling in Clayton runs on New Mexico law — the same rules in Union County as in every other New Mexico county. Here is the substance: what you are actually selling, the disclosures the law requires, and the checklist a Clayton wholesale deal has to pass before money moves.
No New Mexico statute governs assignment of a purchase contract by a principal buyer or requires a wholesale disclosure (Mike legal gate; NMSA ch. 47 and ch. 61, art. 29 reviewed).
A purchase contract is assignable unless the contract prohibits it or assignment materially changes the seller's bargain — so the contract itself should say, in plain terms, that the buyer may assign.
There is no New Mexico wholesale-disclosure duty for a principal buyer assigning their own contract.
The broker definition (NMSA §61-29-2) turns on acting for another for compensation; §61-29-2(C)(1) expressly carves out a person dealing with property they own.
Source: NMSA §§61-29-1, 61-29-2 — Mike legal gate for Wise Revival's New Mexico build, 2026-10-20.
In New Mexico, foreclosure is judicial (mortgages); non-judicial trustee's sale available only under a deed of trust and rarely used for homes — fastest case, no fixed statutory floor — the case runs through the courts, on the court's calendar. A Clayton seller facing that clock has a deadline you can read off the statute; your job is to solve it before the sale date, with the disclosures above in writing. Full timeline: New Mexico foreclosure timeline.
Run the Wholesaling Calculator and the 70% Rule Calculator on any Clayton contract before you shop it — a buyer's first question is your math, not your enthusiasm.
The exact call structure Wise Revival uses with motivated sellers — opening, the four qualifying questions, and how to book the appointment without sounding like a call center.