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Baltimore State’s Attorney Marilyn Mosby sells Florida property she purchased last year for $150,000 profit

Baltimore State’s Attorney Marilyn J. Mosby, facing mounting legal bills, has sold one of two Florida properties she recently purchased to a buyer from Baltimore County, property records show.

Mosby sold her eight bedroom, 4,000-square-foot rental property in Kissimmee on Nov. 2, according to the Osceola County Florida Clerk of Courts. The sales prices was $696,000, according to MLS data, nearly 30% more than the $545,000 she paid for it in September 2020.

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Mosby’s attorney, A. Scott Bolden released a statement saying that news of the sale amounted to a “so what?”

“She bought it, and now has sold it, like millions of Americans do every day. Period,” Bolden said in a statement. “If there is any news, it is the fact that Ms. Mosby, since prosecuting the police officers in the Freddie Gray matter, she has incurred substantial fees and costs in fighting frivolous lawsuits, investigations and complaints against her.

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“Nevertheless, her personal fight for justice will continue, and this sale allows her to continue that fight.”

The Kissimmee property went on the market Sept. 17, according to the listing. The sale was recorded last week to a buyer who did not list a physical address but used a Post Office Box in Sparks in Baltimore County.

Osceola County land records list the new owner as Grace Nyakoe, who took out a $548,000 mortgage from NewRez, LLC, to purchase the home.

Reached by phone, Nyakoe said she did not know Marilyn Mosby but declined to discuss the transaction further.

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The property, as well as a second near Sarasota, attracted attention in Baltimore earlier this year, as the purchases came as the IRS had a $45,000 tax lien against Mosby and her husband, Nick Mosby, and amid a criminal tax investigation of the couple.

Mosby purchased the Kissimmee property, which is near Disney World and Orlando, in September 2020 for $545,000. Just months later in February, she purchased a condominium on a barrier island on Longboat Key, for $476,000.

Four days after the Longboat Key purchase, Mosby’s campaign said in a statement that it sought to “establish an appropriate mechanism to set up a legal defense fund for the tens of thousands of dollars in additional costs” stemming from investigations of her finances.

Her attorney, Bolden, said earlier this year that the home purchases were not relevant to the public.

The Mosbys have established a website for their legal defense fund but have not disclosed who is running it and who has given money. “They fought for us, let’s fight for them!” the site says.

The Mosbys’ finances are under scrutiny in the federal investigation in Baltimore. The U.S. attorney’s office has requested a number of financial records linked to the couple, including tax returns, bank statements, credit card statements, loan documents and canceled checks

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