SEGMENT INFORMATION (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012
Total Revenue	$ 5,096,000	$ 1,305,000	$ 6,955,000	$ 2,572,000
Expenses	7,444,000	7,454,000	14,243,000	16,612,000
Net Loss	(2,348,000)	(6,149,000)	(7,288,000)	(14,040,000)
Total Assets	255,275,000		255,275,000		221,014,000
Notes Payable and Special Assessment Obligations	109,889,000		109,889,000		72,510,000
Operating Liabilities	20,731,000		20,731,000		16,429,000
Mortgage and REO - Legacy Portfolio and Other Operations Segment [Member]
Total Revenue	1,053,000	307,000	1,541,000	587,000
Expenses	(1,026,000)	861,000	(1,059,000)	3,866,000
Net Loss	2,079,000	(554,000)	2,600,000	(3,279,000)
Total Assets	132,005,000		132,005,000		172,046,000
Notes Payable and Special Assessment Obligations	21,059,000		21,059,000		11,251,000
Operating Liabilities	4,921,000		4,921,000		5,405,000
Commercial Real Estate Leasing Operations Segment [Member]
Total Revenue	394,000	377,000	812,000	806,000
Expenses	1,542,000	566,000	2,118,000	1,138,000
Net Loss	(1,148,000)	(189,000)	(1,306,000)	(332,000)
Total Assets	18,960,000		18,960,000		19,613,000
Notes Payable and Special Assessment Obligations	0		0		850,000
Operating Liabilities	162,000		162,000		323,000
Hospitality and Entertainment Operations Segment [Member]
Total Revenue	3,649,000	586,000	4,595,000	989,000
Expenses	786,000	981,000	1,631,000	1,247,000
Net Loss	2,863,000	(395,000)	2,964,000	(258,000)
Total Assets	90,185,000		90,185,000		2,672,000
Notes Payable and Special Assessment Obligations	25,966,000		25,966,000		0
Operating Liabilities	2,082,000		2,082,000		2,171,000
Corporate and Other Segment [Member]
Total Revenue	0	35,000	7,000	190,000
Expenses	6,142,000	5,046,000	11,553,000	10,361,000
Net Loss	(6,142,000)	(5,011,000)	(11,546,000)	(10,171,000)
Total Assets	14,125,000		14,125,000		26,683,000
Notes Payable and Special Assessment Obligations	62,864,000		62,864,000		60,409,000
Operating Liabilities	$ 13,566,000		$ 13,566,000		$ 8,530,000