Fannie and Freddie Block Sale of Unsafe Heron Pond Condo Complex in Pembroke Pines

Fannie Mae and Freddie Mac have put a stop to the planned sale of the beleaguered Heron Pond condo complex in Pembroke Pines. The companies' temporary injunction halts the sale that has been in the works for a year and delays the distribution of proceeds to unit owners. The decision was made after a court-appointed receiver, Daniel Stermer, determined that a sale was the best course of action due to structural safety concerns. The complex was evacuated last year.

Stermer had designated Miami-based Integra Real Estate as the purchaser of the 25-acre complex, which consists of 19 two-story lakefront buildings. However, Fannie and Freddie's injunction has put the sale on hold indefinitely.

In a statement, Stermer said, "We are disappointed that the sale has been stopped, as it would have provided much-needed relief to the unit owners who have been unable to return to their homes for over a year now. We will continue to work towards finding a solution for the complex's structural issues."

The sale of Heron Pond has been a controversial issue, with many unit owners and community members expressing concerns about the safety of the complex. The receiver's decision to sell the complex has faced pushback from the Heron Pond Condo Association, who has filed multiple lawsuits against Stermer and the sale.

Originally reported by The Real Deal.

https://therealdeal.com/miami/2025/10/01/fannie-freddie-block-sale-of-unsafe-sofla-condo-complex/