Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
ASSETS
Cash and Cash Equivalents	$ 1,723	$ 3,084
Restricted Cash and Cash Equivalents	4,719	14,914
Mortgage Loans Held for Sale, Net	12,538	73,297
Preferred Equity Investment, net	13,770	0
Derivative Investment Receivable	2,250	0
Real Estate Acquired through Foreclosure	203,733	118,971
Deferred Financing Costs, Net	4,343	4,877
Other Receivables	2,127	1,693
Other Assets	3,700	3,427
Property and Equipment, Net	867	751
Total Assets	249,770	221,014
LIABILITIES
Accounts Payable and Accrued Expenses	10,170	5,473
Accrued Property Taxes	6,718	7,063
Dividends Payable	0	400
Accrued Interest Payable	3,517	2,657
Liabilities of Assets Held for Sale	1,385	613
Tenant Deposits and Funds Held for Others	234	223
Convertible Notes Payable and Deferred Interest, Net of Discount	53,687	49,961
Notes Payable, Net of Discount	40,023	6,070
Capital Lease Obligation	1,261	0
Special Assessment Obligations	5,689	6,031
Exit Fee Payable	10,448	10,448
Total Liabilities	133,132	88,939
Commitments and Contingent Liabilities
STOCKHOLDERS' EQUITY
Common stock, $.01 par value; 200,000,000 shares authorized; 16,873,880 shares outstanding at September 30, 2013 and December 31, 2012	169	169
Preferred stock, $.01 par value; 100,000,000 shares authorized; none outstanding	0	0
Paid-in Capital	724,882	724,848
Accumulated Deficit	(608,413)	(592,942)
Total Stockholders' Equity	116,638	132,075
Total Liabilities and Stockholders' Equity	249,770	221,014
Held For Sale [Member]
ASSETS
Real Estate Acquired through Foreclosure	51,775	54,050
Held For Development [Member]
ASSETS
Real Estate Acquired through Foreclosure	47,765	43,006
Operating Properties [Member]
ASSETS
Real Estate Acquired through Foreclosure	$ 104,193	$ 21,915