Owner willing to work with woman facing eviction

August 22, 2011 2:20:56 PM PDT
The new owner of an 82-year-old woman's home that was foreclosed upon says he's willing to work with her and city officials.

All Mary Ward can do is wait for developments she hopes will allow her to remain in her home of more than 40 years.

"We're going to be victorious and deliverance is at hand to give my house back to me like it's supposed to," Ward said.

A city marshal came to Ms. Ward's building on Friday, to execute an eviction order, but was turned away by dozens of protestors.

Shameem Chowdhury owns the property which he bought at auction after Ms. Ward's Brooklyn home was foreclosed.

"She needs a place, of course and everybody needs a place, and we can help her, but this is my property and I invested in it," Chowdhury said.

Ms. Ward was the victim of predatory lending when she tried to borrow against the home to handle a family matter.

The lender went bankrupt, and an $80,000 loan, which she never received, turned into a $200,000 debt.

Brooklyn attorney Catherine Isobe has seen it all before.

"I've seen many cases, similar to Ms. Ward's, where the borrower has been defrauded," Isobe said.

Mr. Chowdhury says he is considering a three week moratorium on eviction efforts, as he works with lawyers and local leaders on a resolution.

Meanwhile, he considers himself a victim in the matter.

"I borrowed the money to buy the property from a lender and now I have to pay interest on it," Chowdhury said.

"How is he a victim, with all the property and the millions he has. I'm the victim," Ward said.

She says she wants to win not only for herself, but for the thousands of others, in New York City alone, who are facing foreclosure on their homes.