62.3 F
The Villages
Thursday, May 12, 2022

Rogue realtors satisfy judgement in Properties of The Villages lawsuit

Jason Kranz
Christopher Day

A group of real estate representatives who defected from Properties of The Villages and went rogue have satisfied a judgement against them.

A “partial satisfaction of judgement” was filed last week in U.S. District Court in Ocala indicating that Christopher Day, Jason and Angela Kranz, and Nanette Elliott have met the financial obligation reached in a settlement with their former employer.

The lone holdout is former Properties of The Villages sales representative Angie Taylor, who has indicated she is pursuing bankruptcy.

Last year in a federal trial in Tampa, The Villages won a $603,700 judgement against Kranz and Day, former top producers for Properties of The Villages, who broke away in December 2019 to form KD Premier Realty. They lured away fellow Properties of The Villages representatives, including Elliott and Taylor, who were also defendants in the legal case.

After the judgement was issued, Properties of The Villages filed legal action to garnish the assets of the former sales representatives. However, the former sales representatives did not immediately cooperate with the garnishment efforts. Day ducked a Sept. 3 deposition in the case set at the Brownwood Hotel & Spa. Jason and Angela Kranz, who have since relocated to half million dollar home in Lakewood Ranch, submitted information indicating they had very little cash on hand, despite selling off several investment properties they owned in The Villages.

More Headlines
Stories in and around The Villages, Florida

Headlines
The Villages, Florida

Letters to the Editor
Opinions submitted by residents in and around The Villages

Explanation about windmill and water tower doesn’t make sense

A Village of Hawkins resident says that the explanation about the need to rebuild a windmill and water tower at Brownwood doesn’t make sense. Read her Letter to the Editor.

Sumter County needs to do the right thing

A Village of Belle Aire resident, in a Letter to the Editor, explains the potential cost of the new independent fire protection district in The Villages. He also contends that Sumter County commissioners need “to do the right thing.”

Windmill and water tower should be restored at Brownwood

A Village of Pine Hills couple, in a Letter to the Editor, expresses support for the replacement of the windmill and water tower at Brownwood Paddock Square.

What’s become of our country?

A Village of Pennecamp resident is worried about what is happening to the United States. Read his Letter to the Editor.

The fourth generation is now taking over The Villages

A 20-year resident of The Villages, in a Letter to the Editor, makes the observation that the fourth generation is now stepping up to leadership roles in The Villages.

Photos
The Villages, Florida