Annual report pursuant to Section 13 and 15(d)

Variable Interest Entities and Consolidated Real Estate Not Owned (Tables)

v2.4.0.6
Variable Interest Entities and Consolidated Real Estate Not Owned (Tables)
 12 Months Ended
Dec. 31, 2012
Variable Interest Entities and Consolidated Real Estate Not Owned [Abstract]  
Summary of lots under option or contract
 
 
Number
of Lots
 
Purchase
Price
 
Option/
Earnest  Money
Deposits–Cash
 
 
Purchase and option contracts recorded on balance sheet as real estate not owned
 
—

 
$
—

 
$
—

 
 
Purchase and option contracts not recorded on balance sheet — non-refundable deposits, committed (1)
 
2,471

 
115,902

 
9,442

 
 
Purchase and option contracts not recorded on balance sheet —refundable deposits, committed
 
850

 
21,870

 
2,934

 
 
Total committed (on and off balance sheet)
 
3,321

 
137,772

 
12,376

 
 
Total purchase and option contracts not recorded on balance sheet — refundable deposits, uncommitted (2)
 
1,514

 
46,128

 
1,975

 
 
Total lots under contract or option
 
4,835

 
183,900

 
14,351

 
 
Total option contracts not recorded on balance sheet
 
4,835

 
$
183,900

 
$
14,351

 
(3)
 
(1)
Deposits are non-refundable except if certain contractual conditions are not performed by the selling party.
(2)
Deposits are refundable at our sole discretion. We have not completed our acquisition evaluation process and we have not internally committed to purchase these lots.
(3)
Amount is reflected in our consolidated balance sheet in the line item “Deposits on real estate under option or contract” as of December 31, 2012.