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Variable Interest Entities and Joint Ventures (Tables) | 12 Months Ended
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Dec. 31, 2012
Total Risk Related to Lot Options | NVR’s total risk of loss related to contract land deposits as of December 31, 2012 and 2011 was as follows:
|  | December 31, 2012 |  |  | December 31, 2011 |
Contract land deposits |  | $ | 256,577 |  |  | $ | 202,263 |
Loss reserve on contract land deposits |  |  | (65,039 | ) |  |  | (70,333 | )
Contract land deposits, net |  |  | 191,538 |  |  |  | 131,930 |
Contingent obligations in the form of letters of credit |  |  | 3,338 |  |  |  | 3,228 |
Contingent specific performance obligations (1) |  |  | 7,047 |  |  |  | 8,526 |
Total risk of loss |  | $ | 201,923 |  |  | $ | 143,684 |
(1) | At December 31, 2012 and 2011, the Company was committed to purchase 71 and 92 finished lots under specific performance obligations, respectively.
Condensed Balance Sheets of Consolidated JV | The condensed balance sheets at December 31, 2012 and 2011 of the consolidated JV were as follows:
|  | December 31, 2012 |  |  | December 31, 2011 |
Cash |  | $ | 906 |  |  | $ | 462 |
Restricted cash |  |  | 505 |  |  |  | 503 |
Other assets |  |  | 833 |  |  |  | 125 |
Land under development |  |  | 13,382 |  |  |  | 19,092 |
Total assets |  | $ | 15,626 |  |  | $ | 20,182 |
Debt |  | $ | 4,574 |  |  | $ | 4,983 |
Accrued expenses |  |  | 935 |  |  |  | 108 |
Equity |  |  | 10,117 |  |  |  | 15,091 |
Total liabilities and equity |  | $ | 15,626 |  |  | $ | 20,182 |

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