Fannie Mae, Freddie Mac block sale of troubled Pembroke Pines condo complex

Fannie Mae and Freddie Mac blocked the sale of a beleaguered condo complex in Pembroke Pines.  The companies’ temporary injunction essentially halts the planned sale of Heron Pond in western Broward County that’s been in the works for a year. It also puts on hold the planned distribution of proceeds to unit owners. A court-appointed receiver had determined that a sale was the best course of action due to structural safety concerns. The complex was evacuated last year.  On Friday, receiver Daniel Stermer designated Miami-based Integra Real Estate as the purchaser of the 25-acre complex with 19 two-story lakefront buildings […]

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