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Variable Interest Entities and Consolidated Real Estate Not Owned (Tables) | 3 Months Ended
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Mar. 31, 2014
Variable Interest Entities and Consolidated Real Estate Not Owned [Abstract] |
Summary of lots under option or contract |
| Projected Number of Lots |  | Purchase Price |  | Option/Earnest Money Deposits Cash |
Purchase and option contracts recorded on balance sheet as Real estate not owned | 2 |  |  | $ | 48 |  |  | $ | — |  |
Option contracts not recorded on balance sheet - non-refundable deposits, committed (1) | 4,287 |  |  | 354,573 |  |  | 37,100 |  |
Purchase contracts not recorded on balance sheet — non-refundable deposits, committed (1) | 2,122 |  |  | 79,566 |  |  | 13,702 |  |
Purchase contracts not recorded on balance sheet — refundable deposits, committed | 501 |  |  | 25,127 |  |  | 1,220 |  |
Total committed (on and off balance sheet) | 6,912 |  |  | 459,314 |  |  | 52,022 |  |
Total purchase and option contracts not recorded on balance sheet — refundable deposits, uncommitted (2) | 4,552 |  |  | 106,964 |  |  | 2,644 |  |
Total lots under contract or option | 11,464 |  |  | $ | 566,278 |  |  | $ | 54,666 |  |
Total option contracts not recorded on balance sheet (3) | 11,462 |  |  | $ | 566,230 |  |  | $ | 54,666 |  | (4 | )
(1) | Deposits are generally non-refundable except if certain contractual conditions fail or certain contractual obligations 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) | Except for our specific performance option contracts recorded on our balance sheet as Real estate not owned, none of our option agreements require us to purchase lots.
(4) | Amount is reflected in our consolidated balance sheet in the line item "Deposits on real estate under option or contract" as of March 31, 2014.

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- Definition The tabular disclosure of the Company's real estate lots currently under option or contract with a third party including a detailed description of the number of lots, the purchase price and the amount of earnest money (if any)as of the balance sheet date. + References No definition available. + Details
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- Details
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