CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2014	Dec. 31, 2013
Total Assets
Cash and Cash Equivalents	$ 9,518,000	$ 7,875,000
Restricted Cash and Cash Equivalents	16,559,000	5,777,000
Mortgage Loans Held for Sale, Net	12,634,000	12,541,000
Real estate acquired through foreclosure	177,930,000	202,507,000
Deferred Financing Costs, Net	3,080,000	3,733,000
Other Receivables	1,480,000	983,000
Other Assets	2,925,000	3,159,000
Property and Equipment, Net	731,000	826,000
Total Assets	224,857,000	237,401,000
Operating Liabilities
Accounts Payable and Accrued Expenses	7,303,000	8,400,000
Accrued Property Taxes	746,000	1,084,000
Accrued Interest Payable	3,558,000	2,974,000
Tenant Deposits and Funds Held for Others	275,000	1,016,000
Convertible Notes Payable and Deferred Interest, Net of Discount	57,639,000	54,975,000
Notes Payable, Net of Discount	42,097,000	46,043,000
Capital Lease Obligation	1,226,000	1,251,000
Special Assessment Obligations	5,097,000	5,339,000
Exit Fee Payable	10,460,000	10,448,000
Total Liabilities	128,401,000	131,530,000
Fair Value of Puttable Shares Pursuant to Legal Settlement	0	4,871,000
Commitments and Contingent Liabilities
STOCKHOLDERS' EQUITY
Common stock, $.01 par value; 200,000,000 shares authorized; 16,873,880 shares issued at June 30, 2014 and December 31, 2013; 15,563,546 and 16,832,221 shares outstanding at June 30, 2014 and December 31,2013, respectively	169,000	169,000
Preferred stock, $.01 par value; 100,000,000 shares authorized; none outstanding	0	0
Less: Treasury stock, 1,310,334 and 41,659 shares at June 30, 2014 and December 31, 2013, respectively	(5,399,000)	(172,000)
Paid-in Capital	725,293,000	720,150,000
Accumulated Deficit	(623,607,000)	(619,147,000)
Total Stockholders' Equity	96,456,000	101,000,000
Total Liabilities and Stockholders' Equity	224,857,000	237,401,000
Held For Sale [Member]
Total Assets
Real estate acquired through foreclosure	63,938,000	86,562,000
Held For Development [Member]
Total Assets
Real estate acquired through foreclosure	11,872,000	12,262,000
Operating Properties [Member]
Total Assets
Real estate acquired through foreclosure	$ 102,120,000	$ 103,683,000