COMMITMENTS AND CONTINGENCIES (Details Textual) (USD $)	1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended	36 Months Ended	42 Months Ended			3 Months Ended	6 Months Ended	12 Months Ended		6 Months Ended	12 Months Ended		3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended		12 Months Ended					0 Months Ended	6 Months Ended
	Mar. 31, 2013	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012	Dec. 31, 2012	Jun. 30, 2013	Mar. 19, 2013	Jun. 30, 2013 Apple Valley [Member]	Jun. 30, 2013 Arizona Homebuilder [Member] lot	Jun. 30, 2012 Arizona Homebuilder [Member]	Dec. 31, 2012 Arizona Homebuilder [Member]	Dec. 31, 2012 Minimum [Member]	Jun. 30, 2013 Minimum [Member] Arizona Homebuilder [Member] lot	Dec. 31, 2012 Minimum [Member] Arizona Homebuilder [Member] lot	Dec. 31, 2012 Maximum [Member]	Jun. 30, 2013 New World Realty Advisors Llc [Member]	Jun. 30, 2012 New World Realty Advisors Llc [Member]	Jun. 30, 2013 New World Realty Advisors Llc [Member]	Jun. 30, 2012 New World Realty Advisors Llc [Member]	Jun. 30, 2013 ITH Partners LLC [Member]	Jun. 30, 2012 ITH Partners LLC [Member]	Jun. 30, 2013 ITH Partners LLC [Member]	Jun. 30, 2012 ITH Partners LLC [Member]	Dec. 31, 2012 ITH Partners LLC [Member]	Mar. 19, 2013 Deposit For Settlement [Member]	Mar. 19, 2013 Convertible Notes Payable [Member] Accredited Investors [Member]	Jun. 30, 2013 Community Facility District Bonds and Special Assessment Bond [Member]	Mar. 19, 2013 Subordinated Debt [Member]	Mar. 19, 2013 Subordinated Debt [Member] Future Contingency [Member]	Jun. 30, 2013 Professional Fees [Member] New World Realty Advisors Llc [Member]	Jun. 30, 2013 Gain (Loss) on Disposition of Assets [Member] New World Realty Advisors Llc [Member]	Jun. 30, 2012 Gain (Loss) on Disposition of Assets [Member] New World Realty Advisors Llc [Member]	Jun. 30, 2013 Insurance Settlement [Member]	Dec. 31, 2012 Insurance Settlement [Member]
Commitments and Contingencies [Line Items]
Non Contingent Monthly Consulting Fee																				$ 125,000
Percentage Of Legacy Assets Performance Fee (in percentage)																				10.00%
Management Fee, Amount Paid																		400,000	400,000		800,000											800,000
Legacy Assets Performance Fee																		16,000	200,000			43,000	30,000	48,000	30,000								200,000	100,000
Base Managment Fee, Amount Paid																		0	0
Base Legacy Assets Performance Fee, Paid																		100,000	100,000
Total Annual Base Consulting Fee Description																								$0.8 million plus various other fees
Consulting Fees																						200,000	200,000		400,000	800,000
Legacy Assets Performance Fee Basis																								legacy asset performance fee equal to 3% of the positive difference derived by subtracting (i) 110% of our December 31, 2010 valuation mark (the “Base Mark”) of any asset then owned by us from the (ii) the gross sales proceeds, if any, from sales of any legacy asset (on a legacy asset by asset basis without any offset for losses realized on any individual asset sales).
Recovery of Credit Losses		(4,965,000)	(900,000)	(7,571,000)	(900,000)
Predevelopment Service Fee Payable						150,000	150,000
Percentage Of Net Project Cost						3.00%	3.00%
Percentage Of Profit Attributable To Postdevelopment Service Fee (in percentage)														7.00%			10.00%
Predevelopment Service Fee Paid		100,000		200,000
Contingencies Estimated Receipts Under Development Agreement Maximum										6,500,000
Contingencies Business Subsidy Under Development Agreement										1,100,000
Contingencies Receipts Under Development Agreement										200,000
Contingencies Minimum Sales Under Development Agreement										800,000
Purchase and Develop Agreement, Period of Agreement													5 years
Number of Lots Sold under Purchase and Develop Aggrement											4				4	12
Purchase Price Received Under Purchase and Develop Agreement											200,000	200,000
Single Asset Real Estate Carrying Value		9,800,000		9,800,000				9,800,000
Long Term Debt Maturities Past Due And Amount In Default																													8,919,000
Loans Foreclosed, Accrued Default Interest, Percentage		24.00%		24.00%				24.00%
Loans Foreclosed, Amount of Principal and Accrued Default Interest Received From Guarantor							14,800,000	15,800,000
Loan Foreclosed, Cash Received from Guarantor	200,000
Loan Foreclosed, Cash Received from Guarantor, Recognised In Period						200,000
Subordinated Debt, Noncurrent																														20,000,000.0
Debt Instrument, Interest Rate, Stated Percentage (in percentage)		12.00%		12.00%				12.00%																						4.00%
Number Of Shares To Be Repurchased For Debt Issuance (in shares)																															2,493,765
Debt Instrument, Convertible, Conversion Price (in dollars per share)																															$ 8.02
Convertible Debt																												10,000,000.0
Escrow Deposit									1,570,000																		225,000
Accounts Payable and Accrued Expenses		10,394,000		10,394,000		5,473,000	5,473,000	10,394,000																											1,570,000	1,570,000
Litigation Settlement, Expense		$ 800,000	$ 300,000	$ 1,100,000	$ 600,000