COMMITMENTS AND CONTINGENCIES	6 Months Ended
Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Development Services Agreements In April 2014, we entered into an amended and restated development services agreement with Titan, a third party developer, to manage the Gabella project. Under terms of the development services agreement, Titan is entitled to a (i) pre-development services fees not to exceed $0.4 million, (ii) a development services fee equal to 3.0% of the total project cost (less an agreed-upon land basis of $3.0 million), and (iii) a post-development services fee. The post-development services fee consists of a profit participation upon sale of the Gabella project ranging from 7% to 10% of the profit, depending on the amount and timing of the project’s completion and sale. Alternatively, not earlier than 15 months following the achievement of 90% occupancy for the project, Titan may elect to cause us to buy out its interest in the project. If Titan makes such an election, the post-development services fee will be based on the fair market value of the project at the time of the election. During the second quarter of 2016, at which time the Company recorded Titan’s sale profit participation of $0.7 million in the accompanying condensed consolidated balance sheet as an increase in the asset basis with an offsetting increase to noncontrolling interests, as IMH Gabella is a consolidated entity, and the amounts attributable to Titan are a noncontrolling interest. The agreement is in effect until the fifth anniversary of the substantial completion of the project, as defined. If we elect not to proceed with phase 1, 2 or 3 of the project prior to our approval to proceed with development of each phase, the agreement is cancelable by us with 30 day notice to Titan, subject to full payment of (i) the predevelopment services fee for each phase we elect not to develop, (ii) a $0.5 million breakage fee for each phase we elect not to develop, and (iii) any budgeted and approved costs incurred to date. During the three and six months ended June 30, 2016, we paid Titan $0 and $45,000, respectively, in development services fees due under these arrangements, and subsequent to June 30, 2016, we paid Titan $0.2 million, which is the final payment on the development services fee for phase 1 (Gabella). During the three and six months ended June 30, 2015, we paid Titan $0 and $0.1 million, respectively. In connection with Gabella and related projects, we entered into a Development Assistance Agreement and related agreements with the City of Apple Valley and the EDA. In connection with these agreements the project is expected to generate up to $3.2 million in tax increment financing over an extended period as well as a business subsidy totaling $1.1 million, of which we have received $0.8 million as of June 30, 2016 (as described in Note 7). As a condition to sell the Gabella project, in order that any buyer may retain the benefits under these agreements, we are required to obtain 1) the consent of the EDA, and 2) the buyer’s consent to assume any ongoing obligations under these agreements. We have neither sought nor received such consents to date. Guarantor Recovery As more fully described in our Form 10-K for the year ended December 31, 2015, we have previously received judgments against certain guarantors in connection with their personal guarantees on certain legacy assets. Due to the uncertainty of the nature and extent of the available assets of these guarantors to pay the judgment amounts, we do not record recoveries for any amounts due under such judgments, except to the extent we have received assets without contingencies. In addition, these judgments may be subject to appeal. We recorded recovery income of $0.1 million during the three and six months ended June 30, 2016 for cash collected under certain settlements. During the three and six months ended June 30, 2015, we recorded total recovery income of $9.7 million and $10.7 million, respectively, relating to cash and or other assets received in connection with such enforcement and collection efforts. We are continuing to investigate and evaluate the assets of various guarantors. However, the nature, amount and availability of such assets are not determinable as of June 30, 2016 and have not been recognized as recovery income in the accompanying condensed consolidated statements of operations. Further recoveries under this and other enforcement and collection efforts will be recognized when realization of the recovery is deemed probable and when all contingencies relating to recovery have been resolved. Legal Matters We may be a party to litigation as the plaintiff or defendant in the ordinary course of business. While various asserted and unasserted claims may exist, resolution of these matters cannot be predicted with certainty. We establish reserves for legal claims when payments associated with the claims become probable and the payments can be reasonably estimated. Given the inherent difficulty of predicting the outcome of litigation and regulatory matters, it is generally difficult to predict what the eventual outcome will be, and when the matter will be resolved. The actual costs of resolving legal claims may be higher or lower than any amounts reserved for the claims. Partnership Claim In May 2015, Justin Ranch 123 LLLP (“Justin 123”), an Arizona limited liability limited partnership for which a wholly-owned subsidiary of IMH serves as general partner, sold certain real estate assets in an arms-length transaction approved by a court-appointed receiver. During the quarter ended March 31, 2016, a limited partner in Justin 123 filed a complaint in United States District Court for Arizona against the Company, certain of our subsidiaries, our CEO in his individual capacity and the court-appointed receiver, alleging that the defendants were in violation of their fiduciary duties to the limited partner. Subsequently, the complaint was amended to dismiss without prejudice all claims against the receiver and our CEO. The plaintiff is seeking an unspecified amount of consequential damages and losses, and removal of the Company’s subsidiary as general partner. Management believes the plaintiff’s claims are without merit and intends to vigorously defend against this claim.

COMMITMENTS AND CONTINGENCIES

Development Services Agreements

In April 2014, we entered into an amended and restated development services agreement with Titan, a third party developer, to manage the Gabella project. Under terms of the development services agreement, Titan is entitled to a (i) pre-development services fees not to exceed $0.4 million, (ii) a development services fee equal to 3.0% of the total project cost (less an agreed-upon land basis of $3.0 million), and (iii) a post-development services fee. The post-development services fee consists of a profit participation upon sale of the Gabella project ranging from 7% to 10% of the profit, depending on the amount and timing of the project’s completion and sale. Alternatively, not earlier than 15 months following the achievement of 90% occupancy for the project, Titan may elect to cause us to buy out its interest in the project. If Titan makes such an election, the post-development services fee will be based on the fair market value of the project at the time of the election. During the second quarter of 2016, at which time the Company recorded Titan’s sale profit participation of $0.7 million in the accompanying condensed consolidated balance sheet as an increase in the asset basis with an offsetting increase to noncontrolling interests, as IMH Gabella is a consolidated entity, and the amounts attributable to Titan are a noncontrolling interest. The agreement is in effect until the fifth anniversary of the substantial completion of the project, as defined. If we elect not to proceed with phase 1, 2 or 3 of the project prior to our approval to proceed with development of each phase, the agreement is cancelable by us with 30 day notice to Titan, subject to full payment of (i) the predevelopment services fee for each phase we elect not to develop, (ii) a $0.5 million breakage fee for each phase we elect not to develop, and (iii) any budgeted and approved costs incurred to date. During the three and six months ended June 30, 2016, we paid Titan $0 and $45,000, respectively, in development services fees due under these arrangements, and subsequent to June 30, 2016, we paid Titan $0.2 million, which is the final payment on the development services fee for phase 1 (Gabella). During the three and six months ended June 30, 2015, we paid Titan $0 and $0.1 million, respectively.

In connection with Gabella and related projects, we entered into a Development Assistance Agreement and related agreements with the City of Apple Valley and the EDA. In connection with these agreements the project is expected to generate up to $3.2 million in tax increment financing over an extended period as well as a business subsidy totaling $1.1 million, of which we have received $0.8 million as of June 30, 2016 (as described in Note 7). As a condition to sell the Gabella project, in order that any buyer may retain the benefits under these agreements, we are required to obtain 1) the consent of the EDA, and 2) the buyer’s consent to assume any ongoing obligations under these agreements. We have neither sought nor received such consents to date.

Guarantor Recovery

As more fully described in our Form 10-K for the year ended December 31, 2015, we have previously received judgments against certain guarantors in connection with their personal guarantees on certain legacy assets. Due to the uncertainty of the nature and extent of the available assets of these guarantors to pay the judgment amounts, we do not record recoveries for any amounts due under such judgments, except to the extent we have received assets without contingencies. In addition, these judgments may be subject to appeal.

We recorded recovery income of $0.1 million during the three and six months ended June 30, 2016 for cash collected under certain settlements. During the three and six months ended June 30, 2015, we recorded total recovery income of $9.7 million and $10.7 million, respectively, relating to cash and or other assets received in connection with such enforcement and collection efforts.

We are continuing to investigate and evaluate the assets of various guarantors. However, the nature, amount and availability of such assets are not determinable as of June 30, 2016 and have not been recognized as recovery income in the accompanying condensed consolidated statements of operations. Further recoveries under this and other enforcement and collection efforts will be recognized when realization of the recovery is deemed probable and when all contingencies relating to recovery have been resolved.

Legal Matters

We may be a party to litigation as the plaintiff or defendant in the ordinary course of business. While various asserted and unasserted claims may exist, resolution of these matters cannot be predicted with certainty. We establish reserves for legal claims when payments associated with the claims become probable and the payments can be reasonably estimated. Given the inherent difficulty of predicting the outcome of litigation and regulatory matters, it is generally difficult to predict what the eventual outcome will be, and when the matter will be resolved. The actual costs of resolving legal claims may be higher or lower than any amounts reserved for the claims.

Partnership Claim

In May 2015, Justin Ranch 123 LLLP (“Justin 123”), an Arizona limited liability limited partnership for which a wholly-owned subsidiary of IMH serves as general partner, sold certain real estate assets in an arms-length transaction approved by a court-appointed receiver. During the quarter ended March 31, 2016, a limited partner in Justin 123 filed a complaint in United States District Court for Arizona against the Company, certain of our subsidiaries, our CEO in his individual capacity and the court-appointed receiver, alleging that the defendants were in violation of their fiduciary duties to the limited partner. Subsequently, the complaint was amended to dismiss without prejudice all claims against the receiver and our CEO. The plaintiff is seeking an unspecified amount of consequential damages and losses, and removal of the Company’s subsidiary as general partner. Management believes the plaintiff’s claims are without merit and intends to vigorously defend against this claim.