BUSINESS, BASIS OF PRESENTATION AND LIQUIDITY (Details Textual) (USD $)	9 Months Ended								9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012	Oct. 20, 2014 Project One [Member] Subsequent Event [Member]	Sep. 30, 2014 Held For Sale [Member]	Dec. 31, 2013 Held For Sale [Member]	Jun. 07, 2011 Nwra Ventures I Llc [Member] Convertible Senior Notes Payable [Member]	Sep. 30, 2014 Can Partners [Member]	Dec. 31, 2013 Can Partners [Member]
Business, Basis of Presentation and Liquidity [Line Items]
Accumulated deficit	$ 646,246,000		$ 619,147,000
Debt instrument, face amount								50,000,000
Secured Debt										10,000,000
Repayments of notes payable	19,001,000	1,251,000							10,000,000
Mortgages loans held-for-sale	13,189,000		12,541,000
Real estate acquired through foreclosure	166,336,000		202,507,000			74,950,000	86,562,000
Proceeds from sale of certain loans and REO assets	51,001,000	6,499,000
Mortgage loan paydowns	5,681,000	8,617,000
Third Party Construction Financing					24,000,000
Minimum cash And cash equivalents to be maintained					7,500,000
Cash and cash equivalents	3,000,000	1,673,000	7,875,000	3,084,000
Restricted cash	$ 10,020,000		$ 5,777,000