CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2013	Dec. 31, 2012
Total Assets
Cash and Cash Equivalents	$ 7,875,000	$ 3,084,000
Restricted Cash and Cash Equivalents	5,777,000	14,914,000
Mortgage Loans Held for Sale, Net	12,541,000	73,297,000
Real estate acquired through foreclosure	202,507,000	118,971,000
Deferred Financing Costs, Net	3,733,000	4,877,000
Other Receivables	983,000	1,693,000
Other Assets	3,159,000	3,427,000
Property and Equipment, Net	826,000	751,000
Total Assets	237,401,000	221,014,000
Operating Liabilities
Accounts Payable and Accrued Expenses	8,400,000	5,473,000
Accrued Property Taxes	1,084,000	4,368,000
Dividends Payable	0	400,000
Accrued Interest Payable	2,974,000	2,657,000
Liabilities of Assets Held for Sale		0
Tenant Deposits and Funds Held for Others	1,016,000	223,000
Convertible Notes Payable and Deferred Interest, Net of Discount	54,975,000	49,961,000
Notes Payable, Net of Discount	46,043,000	9,378,000
Capital Lease Obligation	1,251,000	0
Special Assessment Obligations	5,339,000	6,031,000
Exit Fee Payable	10,448,000	10,448,000
Total Liabilities	131,530,000	88,939,000
Fair Value of Puttable Shares Pursuant to Legal Settlement	4,871,000	0
Commitments and Contingent Liabilities
STOCKHOLDERS' EQUITY
Common stock, $.01 par value; 200,000,000 shares authorized; 16,873,880 shares issued at December 31, 2013 and 2012; 16,832,221 and 16,873,880 shares outstanding at December 31, 2013 and 2012, respectively	169,000	169,000
Preferred stock, $.01 par value; 100,000,000 shares authorized; none outstanding	0	0
Treasury stock at cost, 41,659 shares at December 31, 2013 and none at December 31, 2012	(172,000)
Paid-in Capital	720,150,000	724,848,000
Accumulated Deficit	(619,147,000)	(592,942,000)
Total Stockholders' Equity	101,000,000	132,075,000
Total Liabilities and Stockholders' Equity	237,401,000	221,014,000
Held For Sale [Member]
Total Assets
Real estate acquired through foreclosure	86,562,000	54,050,000
Held For Development [Member]
Total Assets
Real estate acquired through foreclosure	12,262,000	43,006,000
Operating Properties [Member]
Total Assets
Real estate acquired through foreclosure	$ 103,683,000	$ 21,915,000