CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2014	Dec. 31, 2013
Total Assets
Cash and Cash Equivalents	$ 3,000,000	$ 7,875,000
Restricted Cash and Cash Equivalents	10,020,000	5,777,000
Mortgage Loans Held for Sale, Net	13,189,000	12,541,000
Real estate acquired through foreclosure	166,336,000	202,507,000
Deferred Financing Costs, Net	0	3,733,000
Other Receivables	2,980,000	983,000
Other Assets	3,251,000	3,159,000
Property and Equipment, Net	695,000	826,000
Total Assets	199,471,000	237,401,000
Operating Liabilities
Accounts Payable and Accrued Expenses	6,519,000	8,400,000
Accrued Property Taxes	1,088,000	1,084,000
Dividends Payable	399,000	0
Accrued Interest Payable	1,773,000	2,974,000
Tenant Deposits and Funds Held for Others	354,000	1,016,000
Convertible Notes Payable and Deferred Interest, Net of Discount	0	54,975,000
Notes Payable, Net of Discount	81,186,000	46,043,000
Capital Lease Obligation	1,210,000	1,251,000
Special Assessment Obligations	5,057,000	5,339,000
Exit Fee Payable	0	10,448,000
Total Liabilities	97,586,000	131,530,000
Convertible Preferred Stock, Nonredeemable or Redeemable, Issuer Option, Value	26,780,000	0
Fair Value of Puttable Shares Pursuant to Legal Settlement	0	4,871,000
STOCKHOLDERS' EQUITY
Common stock, $.01 par value; 200,000,000 shares authorized; 16,873,880 shares issued at September 30, 2014 and December 31, 2013; 15,244,062 and 16,832,221 shares outstanding at September 30, 2014 and December 31, 2013, respectively	169,000	169,000
Less: Treasury stock, 1,629,818 and 41,659 shares at September 30, 2014 and December 31, 2013, respectively	(5,948,000)	(172,000)
Paid-in Capital	727,130,000	720,150,000
Accumulated Deficit	(646,246,000)	(619,147,000)
Total Stockholders' Equity	75,105,000	101,000,000
Total Liabilities and Stockholders' Equity	199,471,000	237,401,000
Held For Sale [Member]
Total Assets
Real estate acquired through foreclosure	74,950,000	86,562,000
Held For Development [Member]
Total Assets
Real estate acquired through foreclosure	7,603,000	12,262,000
Operating Properties [Member]
Total Assets
Real estate acquired through foreclosure	$ 83,783,000	$ 103,683,000