Former Baltimore City State's Attorney Marilyn Mosby is currently facing a legal battle to retain ownership of her Florida condominium as she appeals her mortgage fraud conviction. The property, located on Florida's gulf coast, is under threat of being seized by federal prosecutors following her conviction in February 2024.
Mosby acquired the condo in Long Boat Key, Florida, in February 2021 for $476,000, with a down payment of $47,600. If the condo is sold at a profit, she would be entitled to recoup her initial down payment, as per court documents.
Despite her conviction, Mosby has been granted permission to remain out of prison while she pursues her appeal. Additionally, she is actively seeking a presidential pardon to mitigate the legal repercussions she faces.
Mosby's legal team has emphasized that the condo was purchased as a means to secure financial independence amid personal challenges, including a deteriorating marriage. They argue that the property has been a crucial source of rental income for Mosby and could potentially become her primary source of income given the jeopardy her legal career currently faces.
According to court filings, the condo represents Mosby's most significant asset. Since its purchase at $476,000, real estate estimates from Redfin and Zillow suggest the property's current value ranges between $781,800 and $886,084.
Mosby's legal troubles stem from her admission of unintentionally providing false information on loan applications for two Florida vacation homes, leading to her mortgage fraud conviction. Additionally, she was found guilty of perjury for falsely claiming financial hardship during the COVID-19 pandemic to access funds from Baltimore's retirement fund. Sentencing for these convictions is pending.
