Former Baltimore City State's Attorney Marilyn Mosby is fighting to keep her Florida condo from being sold as she appeals her mortgage fraud conviction, with her attorneys arguing that the residence is her only “significant asset.”
Federal prosecutors are planning to seize the condo on Florida's Gulf Coast, according to a May 23 order from Judge Lydia Griggs. Prosecutors argue Mosby should be required to turn over the property following his conviction for mortgage fraud in February 2024, Fox 45 News reported.
Mosby purchased the condo in February 2021 for $476,000 in Long Boat Key, Florida. She would get her down payment of $47,600 back if the condo is sold for a profit, according to court documents.
FORMER BALTIMORE TOP PROSECUTOR MARILYN MOSBY HAS DELAYED TRIAL AFTER ENTIRE DEFENSE TEAM QUIT
Former Baltimore State's Attorney Marilyn Mosby arrives at the federal courthouse in Greenbelt, Maryland, with her attorney, federal public defender James Wyda. (Kevin Richardson/Baltimore Sun/Tribune News Service via Getty Images) (Kevin Richardson/Baltimore Sun/Tribune News Service via Getty Images)
Mosby was granted a request to stay out of prison amid his appeal, but is still seeking a presidential pardon.
Mosby's legal team said the property was purchased in an effort to ensure financial independence amid a crumbling marriage.
“And while Ms. Mosby awaits the outcome of her appeal, the home has served as a critical source of rental income; it could soon become her only source of income now that her legal career is in jeopardy,” court documents state.
FORMER BALTIMORE PROSECUTOR MARILYN MOSBY FACES POSSIBLE DEBACTION AMID ONGOING LEGAL BATTLES
Marilyn Mosby, pictured last year, faces two counts of perjury and mortgage fraud. Mosby is fighting to keep her Florida condo from being sold. (Jerry Jackson/Baltimore Sun/Tribune News Service via Getty Images)
“The house is Ms. Mosby's only significant asset,” the documents said.
His defense team noted that since Mosby's original purchase price of the condo was $476,000, Redfin estimates the property is worth $886,084 and Zillow estimates the property is worth $781,800, the news station reported.
Mosby was convicted on one count of mortgage fraud in February, after she testified that she inadvertently made false statements on loan applications to buy two vacation homes in Florida.
Marilyn Mosby, center, is asking President Biden for forgiveness for her fraud conviction. (Kenneth K. Lam/Baltimore Sun/Tribune News Service via Getty Images)
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In November she was convicted of two counts of perjury by a federal jury after she falsely claimed financial hardship during the COVID-19 pandemic in order to withdraw money from the city's retirement fund. In neither case has she been convicted.
