Marilyn Mosby files to keep Florida condo amid mortgage fraud case forfeiture

BALTIMORE, MD (WBFF) — Marilyn Mosby has filed to stay the forfeiture pending an appeal in her mortgage fraud case, according to recent court documents.

Federal prosecutors plan to seize Marilyn Mosby’s condo on Florida’s gulf coast, Judge Lydia Griggsby ordered on May 23rd during a hearing.

She was convicted on one count of mortgage fraud stemming from a false gift letter.

READ HERE | Federal judge orders Marilyn Mosby to forfeit her Florida condo

She will get down payment and 10% of appreciated value back.

Prosecutors argued Mosby should be required to give up the property following her mortgage fraud conviction in February 2024. Mosby bought the condo in February 2021 for $476,000 in Long Boat Key, Fl.

Prior to the hearing, prosecutors indicated Mosby would get her $47,600 down payment back, if the condo is sold for a profit, according to the court documents.

In court filings, Mosby’s legal team argues that the property was purchased in an effort to secure financial independence amid a crumbling marriage, and that without the ability to rent the property, Mosby’s income streams would be inadequate.

Her defense team noted that since Mosby’s original purchase price of the condo at $476,000, Redfin estimates the property to be worth $886,084 and Zillow estimates the property is worth $781,800.

ALSO READ | Marilyn Mosby files notice of appeal against mortgage fraud and perjury convictions