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Variable Interest Entities and Consolidated Real Estate Not Owned (Tables) | 12 Months Ended
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Dec. 31, 2014
Variable Interest Entities and Consolidated Real Estate Not Owned [Abstract] |
Summary of lots under option or contract | The table below presents a summary of our lots under option at December 31, 2014 (dollars in thousands):
|  | Projected Number of Lots (unaudited) |  | Purchase Price |  | Option/ Earnest Money Deposits–Cash |  |
Purchase and option contracts recorded on balance sheet as Real estate not owned |  | 70 |  |  | $ | 4,999 |  |  | $ | 700 |  |  |
Option contracts not recorded on balance sheet — non-refundable deposits, committed (1) |  | 7,256 |  |  | 589,229 |  |  | 76,197 |  |  |
Purchase contracts not recorded on balance sheet — non-refundable deposits, committed (1) |  | 2,665 |  |  | 137,095 |  |  | 13,888 |  |  |
Purchase contracts not recorded on balance sheet —refundable deposits, committed |  | 631 |  |  | 23,361 |  |  | 1,349 |  |  |
Total committed (on and off balance sheet) |  | 10,622 |  |  | 754,684 |  |  | 92,134 |  |  |
Total purchase and option contracts not recorded on balance sheet — refundable deposits, uncommitted (2) |  | 4,462 |  |  | 178,443 |  |  | 3,555 |  |  |
Total lots under contract or option |  | 15,084 |  |  | $ | 933,127 |  |  | $ | 95,689 |  |  |
Total option contracts not recorded on balance sheet (3) |  | 15,014 |  | $ | 928,128 |  |  | $ | 94,989 |  |  | (4)
(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) | Except for our specific performance 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 December 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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