SEGMENT INFORMATION (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Balance Sheet Items
Total Assets	$ 178,332,000		$ 178,332,000		$ 185,816,000
Notes Payable, Special Assessment Obligations, Capital Leases and Other Long Term Obligations	96,829,000		96,829,000		95,292,000
Operating Liabilities	12,948,000		12,948,000		12,711,000
Revenues:
Operating property revenue	9,021,000	$ 8,894,000	15,592,000	$ 16,078,000
Investment and other income	77,000	304,000	171,000	2,154,000
Mortgage loan income, net	96,000	175,000	313,000	673,000
Total Revenue	9,194,000	9,373,000	16,076,000	18,905,000
Operating Property Direct Expenses (exclusive of interest and depreciation):
Payroll related expenses	3,103,000	2,862,000	5,669,000	5,232,000
Cost of sales	931,000	888,000	1,662,000	1,701,000
Property taxes	80,000	154,000	154,000	308,000
Management fees	337,000	423,000	715,000	824,000
Other departmental and general and administrative costs	1,336,000	1,290,000	2,412,000	2,375,000
Other costs	937,000	956,000	1,731,000	1,777,000
Operating Property Direct Expenses (Exclusive of Interest and Depreciation)	6,724,000	6,573,000	12,343,000	12,217,000
Expenses for Non-Operating Real Estate Owned:
Property taxes	82,000	179,000	175,000	350,000
Other costs	51,000	146,000	116,000	263,000
Expenses for Non-Operating Real Estate Owned	133,000	325,000	291,000	613,000
Professional Fees:
Financial reporting - audit, legal and tax	295,000	223,000	539,000	487,000
Legal- general and enforcement	749,000	517,000	1,244,000	1,222,000
Asset management	62,000	127,000	123,000	214,000
Other costs	156,000	178,000	317,000	368,000
Professional Fees	1,262,000	1,045,000	2,223,000	2,291,000
General and Administrative Expenses:
Payroll related expenses	1,229,000	1,795,000	2,534,000	3,255,000
Insurance expense	282,000	267,000	553,000	527,000
Rent	53,000	52,000	105,000	105,000
Other general and administrative costs	383,000	433,000	670,000	853,000
General and Administrative Expenses	1,947,000	2,547,000	3,862,000	4,740,000
Other Expenses (Income):
Interest Expense	2,304,000	2,417,000	4,360,000	5,231,000
Depreciation and amortization expense	1,197,000	651,000	2,239,000	1,282,000
(Gain) Loss on Disposal of Assets, Net	226,000	239,000	(22,000)	282,000
Recovery of credit losses, net	(120,000)	(9,745,000)	(120,000)	(10,660,000)
Loss of Unconsolidated Subsidiaries	46,000	0	190,000	0
Provision for Income Taxes	0	0	2,000	0
Other Expenses (Income)	3,653,000	(6,298,000)	6,647,000	(3,725,000)
Impairment of Real Estate Owned	0	140,000	0	140,000
Total Expenses (Income), net	13,719,000	4,192,000	25,366,000	16,136,000
Net Income (Loss)	(4,525,000)	5,181,000	(9,292,000)	2,769,000
Net Income (Loss) Attributable to Noncontrolling Interests	18,000	(586,000)	73,000	(586,000)
Cash Dividend on Redeemable Convertible Preferred Stock	(533,000)	(533,000)	(1,067,000)	(1,061,000)
Deemed Dividend on Redeemable Convertible Preferred Stock	(620,000)	(571,000)	(1,227,000)	(1,131,000)
Net Income (Loss) Attributable to Common Shareholders	(5,660,000)	3,491,000	(11,513,000)	(9,000)
Mortgage and REO - Legacy Portfolio and Other Operations [Member]
Balance Sheet Items
Total Assets	75,721,000		75,721,000		87,107,000
Notes Payable, Special Assessment Obligations, Capital Leases and Other Long Term Obligations	33,683,000		33,683,000		32,630,000
Operating Liabilities	4,596,000		4,596,000		5,323,000
Revenues:
Operating property revenue	450,000	436,000	683,000	815,000
Investment and other income	74,000	301,000	141,000	2,151,000
Mortgage loan income, net	96,000	175,000	313,000	673,000
Total Revenue	620,000	912,000	1,137,000	3,639,000
Operating Property Direct Expenses (exclusive of interest and depreciation):
Payroll related expenses	78,000	19,000	146,000	30,000
Cost of sales	0	0	0	0
Property taxes	7,000	83,000	10,000	167,000
Management fees	14,000	13,000	24,000	20,000
Other departmental and general and administrative costs	3,000	7,000	6,000	10,000
Other costs	137,000	253,000	290,000	470,000
Operating Property Direct Expenses (Exclusive of Interest and Depreciation)	239,000	375,000	476,000	697,000
Expenses for Non-Operating Real Estate Owned:
Property taxes	82,000	179,000	175,000	350,000
Other costs	49,000	145,000	116,000	261,000
Expenses for Non-Operating Real Estate Owned	131,000	324,000	291,000	611,000
Professional Fees:
Financial reporting - audit, legal and tax	4,000	2,000	5,000	7,000
Legal- general and enforcement	749,000	399,000	1,231,000	1,153,000
Asset management	38,000	127,000	50,000	213,000
Other costs	0	0	0	0
Professional Fees	791,000	528,000	1,286,000	1,373,000
General and Administrative Expenses:
Payroll related expenses	0	0	0	0
Insurance expense	8,000	14,000	31,000	22,000
Rent	0	0	0	0
Other general and administrative costs	8,000	87,000	11,000	125,000
General and Administrative Expenses	16,000	101,000	42,000	147,000
Other Expenses (Income):
Interest Expense	669,000	900,000	1,075,000	1,589,000
Depreciation and amortization expense	307,000	1,000	506,000	1,000
(Gain) Loss on Disposal of Assets, Net	226,000	239,000	(22,000)	282,000
Recovery of credit losses, net	(120,000)	(9,745,000)	(120,000)	(10,660,000)
Loss of Unconsolidated Subsidiaries	46,000		190,000
Provision for Income Taxes			0
Other Expenses (Income)	1,128,000	(8,465,000)	1,629,000	(8,648,000)
Impairment of Real Estate Owned		140,000		140,000
Total Expenses (Income), net	2,305,000	(7,137,000)	3,724,000	(5,820,000)
Net Income (Loss)	(1,685,000)	8,049,000	(2,587,000)	9,459,000
Net Income (Loss) Attributable to Noncontrolling Interests	18,000	(586,000)	73,000	(586,000)
Cash Dividend on Redeemable Convertible Preferred Stock	0	0	0	0
Deemed Dividend on Redeemable Convertible Preferred Stock	0	0	0	0
Net Income (Loss) Attributable to Common Shareholders	(1,667,000)	7,463,000	(2,514,000)	8,873,000
Hospitality and Entertainment Operations [Member]
Balance Sheet Items
Total Assets	96,442,000		96,442,000		93,883,000
Notes Payable, Special Assessment Obligations, Capital Leases and Other Long Term Obligations	50,506,000		50,506,000		50,302,000
Operating Liabilities	5,773,000		5,773,000		4,468,000
Revenues:
Operating property revenue	8,571,000	8,396,000	14,909,000	15,200,000
Investment and other income	3,000	0	7,000	0
Mortgage loan income, net	0	0	0	0
Total Revenue	8,574,000	8,396,000	14,916,000	15,200,000
Operating Property Direct Expenses (exclusive of interest and depreciation):
Payroll related expenses	3,025,000	2,843,000	5,523,000	5,202,000
Cost of sales	931,000	888,000	1,662,000	1,701,000
Property taxes	73,000	71,000	144,000	141,000
Management fees	323,000	410,000	691,000	804,000
Other departmental and general and administrative costs	1,333,000	1,283,000	2,406,000	2,365,000
Other costs	800,000	703,000	1,441,000	1,307,000
Operating Property Direct Expenses (Exclusive of Interest and Depreciation)	6,485,000	6,198,000	11,867,000	11,520,000
Expenses for Non-Operating Real Estate Owned:
Property taxes	0	0	0	0
Other costs	0	0	0	0
Expenses for Non-Operating Real Estate Owned	0	0	0	0
Professional Fees:
Financial reporting - audit, legal and tax	0	0	0	0
Legal- general and enforcement	0	0	0	0
Asset management	0	0	0	0
Other costs	0	0	0	0
Professional Fees	0	0	0	0
General and Administrative Expenses:
Payroll related expenses	0	0	0	0
Insurance expense	0	0	0	0
Rent	0	0	0	0
Other general and administrative costs	0	0	0	0
General and Administrative Expenses	0	0	0	0
Other Expenses (Income):
Interest Expense	1,048,000	1,048,000	2,096,000	2,036,000
Depreciation and amortization expense	841,000	598,000	1,635,000	1,176,000
(Gain) Loss on Disposal of Assets, Net	0	0	0	0
Recovery of credit losses, net	0	0	0	0
Loss of Unconsolidated Subsidiaries	0		0
Provision for Income Taxes			0
Other Expenses (Income)	1,889,000	1,646,000	3,731,000	3,212,000
Impairment of Real Estate Owned		0		0
Total Expenses (Income), net	8,374,000	7,844,000	15,598,000	14,732,000
Net Income (Loss)	200,000	552,000	(682,000)	468,000
Net Income (Loss) Attributable to Noncontrolling Interests	0	0	0	0
Cash Dividend on Redeemable Convertible Preferred Stock	0	0	0	0
Deemed Dividend on Redeemable Convertible Preferred Stock	0	0	0	0
Net Income (Loss) Attributable to Common Shareholders	200,000	552,000	(682,000)	468,000
Corporate and Other [Member]
Balance Sheet Items
Total Assets	6,169,000		6,169,000		4,826,000
Notes Payable, Special Assessment Obligations, Capital Leases and Other Long Term Obligations	12,640,000		12,640,000		12,360,000
Operating Liabilities	2,579,000		2,579,000		$ 2,920,000
Revenues:
Operating property revenue	0	62,000	0	63,000
Investment and other income	0	3,000	23,000	3,000
Mortgage loan income, net	0	0	0	0
Total Revenue	0	65,000	23,000	66,000
Operating Property Direct Expenses (exclusive of interest and depreciation):
Payroll related expenses	0	0	0	0
Cost of sales	0	0	0	0
Property taxes	0	0	0	0
Management fees	0	0	0	0
Other departmental and general and administrative costs	0	0	0	0
Other costs	0	0	0	0
Operating Property Direct Expenses (Exclusive of Interest and Depreciation)	0	0	0	0
Expenses for Non-Operating Real Estate Owned:
Property taxes	0	0	0	0
Other costs	2,000	1,000	0	2,000
Expenses for Non-Operating Real Estate Owned	2,000	1,000	0	2,000
Professional Fees:
Financial reporting - audit, legal and tax	291,000	221,000	534,000	480,000
Legal- general and enforcement	0	118,000	13,000	69,000
Asset management	24,000	0	73,000	1,000
Other costs	156,000	178,000	317,000	368,000
Professional Fees	471,000	517,000	937,000	918,000
General and Administrative Expenses:
Payroll related expenses	1,229,000	1,795,000	2,534,000	3,255,000
Insurance expense	274,000	253,000	522,000	505,000
Rent	53,000	52,000	105,000	105,000
Other general and administrative costs	375,000	346,000	659,000	728,000
General and Administrative Expenses	1,931,000	2,446,000	3,820,000	4,593,000
Other Expenses (Income):
Interest Expense	587,000	469,000	1,189,000	1,606,000
Depreciation and amortization expense	49,000	52,000	98,000	105,000
(Gain) Loss on Disposal of Assets, Net	0	0	0	0
Recovery of credit losses, net	0	0	0	0
Loss of Unconsolidated Subsidiaries	0		0
Provision for Income Taxes			2,000
Other Expenses (Income)	636,000	521,000	1,287,000	1,711,000
Impairment of Real Estate Owned		0		0
Total Expenses (Income), net	3,040,000	3,485,000	6,044,000	7,224,000
Net Income (Loss)	(3,040,000)	(3,420,000)	(6,023,000)	(7,158,000)
Net Income (Loss) Attributable to Noncontrolling Interests	0	0	0	0
Cash Dividend on Redeemable Convertible Preferred Stock	(533,000)	(533,000)	(1,067,000)	(1,061,000)
Deemed Dividend on Redeemable Convertible Preferred Stock	(620,000)	(571,000)	(1,227,000)	(1,131,000)
Net Income (Loss) Attributable to Common Shareholders	$ (4,193,000)	$ (4,524,000)	$ (8,317,000)	$ (9,350,000)