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MORTGAGE INVESTMENTS, LOAN PARTICIPATIONS AND LOAN SALES (Details) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Movement in Mortgage Loans on Real Estate [Roll Forward]  
Principal outstanding, beginning balances $ 124,048
Principal Outstanding, Additions:  
Principal outstanding, principal fundings - cash 473
Principal outstanding, principal fundings - asset sale financing 1,085
Principal outstanding, revenue recognized in excess of cash received 0
Principal Outstanding, Reductions:  
Principal outstanding, principal repayments (8,617)
Principal outstanding, recovery of allowance for credit losses 0
Principal outstanding, foreclosure/transfer to real estate owned (87,032)
Principal outstanding, ending balances 29,957
Interest receivable, beginning balances 849
Additions, Interest Receivable:  
Principal fundings - cash, interest receivable 0
Interest receivable, principal fundings - asset sale financing 0
Interest receivable, revenue recognized in excess of cash received 556
Reductions, Interest Receivable:  
Accrued interest receivable, principal repayments (831)
Interest receivable, recovery of allowance for credit losses 0
Interest receivable, foreclosure/transfer to real estate owned 0
Interest receivable, ending balances 574
Valuation allowance, beginning balances (51,600)
Valuation Allowance, Additions:  
Valuation allowance, principal fundings - cash 0
Valuation allowance, principal fundings - asset sale financing 0
Valuation allowance, revenue recognized in excess of cash received 0
Valuation Allowance, Reductions:  
Valuation allowance, principal repayments 0
Valuation allowance, recovery of allowance for credit losses 6,700
Valuation allowance, foreclosure/transfer to real estate owned 26,907
Valuation allowance, ending balances (17,993)
Mortgage loans, beginning balances, carrying value 73,297
Net Carrying Value, Additions :  
Principal fundings - cash, carrying value 473
Principal fundings - asset sale financing, carrying value 1,085
Carrying value, revenue recognized in excess of cash received 556
Net Carrying Value, Reductions :  
Principal repayments, carrying value (9,448)
Recovery of allowance for credit losses, carrying value 6,700
Carrying value, foreclosure/transfer to real estate owned (60,125)
Mortgage loans, ending balances, carrying value $ 12,538