United South Broadway Corporation









office 505.764.8867
fax 505.764.9121
email usbc@unm.edu

Fair Lending Center

In a first of its kind effort in New Mexico, United South Broadway Corporation has launched the Fair Lending Center. The center is focused on immediate solutions for homeowners facing loss of their property, including legal representation in foreclosure cases.

Approximately 7,000 New Mexicans will face losing their homes to foreclosure in the coming year. USBC is able to help homeowners keep their homes on more affordable terms in more than 75% of the cases handled. Keeping a family in its home helps to fight poverty in the community and provides stability to children and youth.

Options for distressed homeowners include
  • Assistance with the current mortgagee for repayment agreements on existing loans.
  • Sale of their home should their current lender agree to a "Short Sale" arrangement.

United South Broadway is taking steps to actually provide direct solutions to homeowners and neighborhoods facing this daunting challenge. The center is free and is a dedicated structure devoted solely to helping on this key issue. USBC Director Diana Dorn Jones said "For many the national dream of home ownership has turned into a national nightmare of foreclosure. USBC is opening this first in the state foreclosure defense center to provide concrete solutions to the most daunting challenge facing America's families. Including negotiation of forbearance agreements, loan modifications and legal defense in court."

Common Q & A on the center
  • What are the days and hours of operation going to be?

    • Initially, the center will be open from 9:00 to 5:00 Monday through Friday

  • How are people expected to get in touch with the center?

    • Contact the USBC at (505)764-8867

  • Where do people visiting the center park?

    • Parking is in the rear of USBC, located on the old John Marshal School building at 1500 Walter St SE. Just west of I-25 off Ceasar Chavez.

  • What should clients bring when they visit the center?

    • Initially when they call or visit the center they will register and an appointment will be set for them with a counselor.

    Initially they should bring:

    Any notice of Letter that they have received from the lender.
    Their most recent Loan statement
    Two months Bank Statements
    Two current Pay Stubs
    Any foreclosure complaint in the court system.

  • Are all the services being offered at the Foreclosure Defense Center free?

    • Yes!, Including legal defense

    Mailing Address
    P.O. Box 25242
    1500 Walter SE Suite 202
    Albuquerque, NM 87125