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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
CASH FLOWS - OPERATING ACTIVITIES      
Net Loss $ (26,205) $ (32,192) $ (35,195)
Adjustments to reconcile net loss to net cash used in operating activities:      
Non-cash Provision for (Recovery of) Credit Losses (6,760) (275) 1,000
Impairment of Real Estate Owned 1,103 0 1,529
Stock-Based Compensation and Option Amortization 573 612 1,640
Gain on Disposal of Assets (1,430) (989) (201)
Gain on Preferred Equity Investment (2,974) 0 0
Principal forgiven 0 50 0
Write-off of uncollectible mortgage 0 11 0
Amortization of Deferred Financing Costs 2,216 1,260 1,494
Depreciation and Amortization Expense 3,055 2,551 1,797
Investment discount amortization (669) 0 0
Accretion of Discount on Note Payable 2,047 2,549 530
Increase (decrease) in cash resulting from changes in:      
Accrued Interest Receivable 322 (232) (1,268)
Other Receivables 788 3,521 (1,143)
Other Assets 227 (455) (1,436)
Accrued Property Taxes (3,311) (1,330) (2,936)
Accounts Payable and Accrued Expenses (428) (1,791) 1,898
Accrued Interest Payable 3,284 5,087 5,922
Tenant Deposits and Funds Held for Others 793 (520) 561
Total adjustments, net (1,164) 10,049 9,387
Net cash used in operating activities (27,369) (22,143) (25,808)
CASH FLOWS - INVESTING ACTIVITIES      
Proceeds from Sale/Recovery of Real Estate Owned 11,284 11,778 9,729
Proceeds from Sale of Loans 0 0 5,380
Purchases of Property and Equipment (254) (644) (29)
Mortgage Loan Fundings and Protective Advances (738) (1,483) (3,734)
Mortgage Loan Repayments 8,617 12,460 7,103
Proceeds from Sale of Preferred Equity Investment 19,168 0 0
Preferred Equity Investment (15,000) 0 0
Investment in Real Estate Owned (2,943) (1,363) (777)
Capitalized Foreclosure Acquisition Costs (2,473) 0 0
Net cash provided by investing activities 17,661 20,748 17,672
CASH FLOWS - FINANCING ACTIVITIES      
Proceeds from Notes Payable 10,150 0 1,500
Proceeds from Convertible Notes Payable 0 0 50,000
Debt Issuance Costs (1,072) (133) (8,084)
(Increase) decrease in Restricted Cash 9,137 5,240 (20,154)
Repayments of Notes Payable (2,689) (90) (13,776)
Repayments of Capital Lease (55) 0 0
Dividends Paid (800) (1,706) (1,013)
Purchase of Treasury Stock (172) 0 0
Net cash provided by financing activities 14,499 3,311 8,473
NET INCREASE IN CASH AND CASH EQUIVALENTS 4,791 1,916 337
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 3,084 1,168 831
CASH AND CASH EQUIVALENTS, END OF PERIOD 7,875 3,084 1,168
SUPPLEMENTAL CASH FLOW INFORMATION      
Interest paid 11,003 5,672 1,088
Real Estate Acquired Through Foreclosure 91,384 33,266 17,696
Deferred Interest added to Notes Payable Principal 2,967 2,855 4,579
Seller Financing provided for Asset Sales 1,085 5,500 7,953
Note Payable Financing for Land Purchase 0 850 0
Accounts Payable and Accrued Liabilities Assumed in Foreclosure 3,382 0 0
Capital Lease Obligation Assumed in Foreclosure 1,279 0 0
Note Payable Assumed in Foreclosure 24,712 0 0
Held for Sale asset acquired 3,800 0 0
Liabilities assumed with property acquisition 3,800 0 0
Reclassification of Paid in Capital to Fair Value of Puttable Shares Pursuant to Legal Settlement $ 4,871 $ 0 $ 0