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MORTGAGE INVESTMENTS, LOAN PARTICIPATIONS AND LOAN SALES (Tables)
 9 Months Ended
Sep. 30, 2014
Mortgage Loans on Real Estate [Abstract]  
Schedule Of Participating Mortgage Loans and Investment Of Lending Activities [Table Text Block]
A roll-forward of loan activity for the nine months ended September 30, 2014 is as follows (in thousands):
 
 
Principal
Outstanding
 
Interest
Receivable
 
Valuation
Allowance
 
Carrying
Value
Balances at December 31, 2013
 
$
30,222

 
$
527

 
$
(18,208
)
 
$
12,541

Additions:
 
 

 
 

 
 

 
 

Principal fundings - cash
 
27

 
—

 
—

 
27

Principal fundings - asset sale financing
 
8,400

 
—

 
—

 
8,400

Mortgage loans acquired in modification
 
864

 
 
 
—

 
864

Accrued interest revenue
 
1,689

 
226

 
—

 
1,915

Reductions:
 
 
 
 
 
 
 
 
Principal and interest repayments
 
(5,681
)
 
(336
)
 
—

 
(6,017
)
Assets acquired in satisfaction of loan balance
 
(4,020
)
 
—

 
—

 
(4,020
)
Foreclosures/transfers to Real Estate Owned
 
(4,917
)
 
(53
)
 
4,449

 
(521
)
Balances at September 30, 2014
 
$
26,584

 
$
364

 
$
(13,759
)
 
$
13,189
Schedule Of Maturity Of Mortgage Loans On Real Estate [Table Text Block]
The outstanding principal and interest balance of mortgage investments, net of the valuation allowance, as of September 30, 2014, have scheduled maturity dates within the next several quarters as follows:
September 30, 2014
(in thousands, except percentage and unit data)
Quarter
 
Outstanding Balance
 
Percent
 
#
Matured
 
$
18,585

 
69.0
%
 
6

Q3 2015
 
7,249

 
26.9
%
 
1

Q1 2017
 
600

 
2.2
%
 
—

Q1 2020
 
514

 
1.9
%
 
1

Total Principal and Interest
 
26,948

 
100.0
%
 
8

Less: Valuation Allowance
 
(13,759
)
 
 

 
 

Net Carrying Value
 
$
13,189

 
 

 
 
Schedule Of Default Mortgage Loans On Real Estate [Table Text Block]
A summary and roll-forward of activity of loans in default for the nine months ended September 30, 2014 is as follows (dollars in thousands):
 
 
Principal
Outstanding
 

Interest
Receivable
 
Valuation
Allowance
 

Carrying
Value
 
# of
Loans
Balances at December 31, 2013
 
$
24,636

 
$
401

 
$
(18,208
)
 
$
6,829

 
5

 
 
 
 
 
 
 
 
 
 
 
Additions:
 
 
 
 
 
 
 
 
 
 
Additional loan fundings
 
27

 
—

 
—

 
27

 
—

Mortgage loans acquired in modification
 
864

 
—

 
—

 
864

 
2

Accrued interest revenue
 
1,689

 
—

 
—

 
1,689

 
—

 
 
 
 
 
 
 
 
 
 
 
Reductions :
 
 
 
 
 
 
 
 
 
 
Principal repayments
 
(4
)
 
(37
)
 
—

 
(41
)
 
—

Assets acquired in satisfaction of loan balance
 
(4,020
)
 
—

 
—

 
(4,020
)
 
—

Loans removed from default - foreclosure
 
(4,917
)
 
(53
)
 
4,449

 
(521
)
 
(1
)
 
 
 
 
 
 
 
 
 
 
 
Balances at September 30, 2014
 
$
18,275

 
$
311

 
$
(13,759
)
 
$
4,827

 
6