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ACCOUNTS, NOTES AND INTEREST RECEIVABLE | 9 Months Ended
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Sep. 30, 2023
Receivables [Abstract] |
ACCOUNTS, NOTES AND INTEREST RECEIVABLE | ACCOUNTS, NOTES AND INTEREST RECEIVABLE Accounts, notes and interest receivable consisted of the following:
| September 30, 2023 |  | December 31, 2022
Trust advances | $ | 20,814 |  |  | $ | 44,164 |
Foreclosure advances, net | 18,669 |  |  | 12,320 |
Receivables related to loan sales | 2,316 |  |  | 562 |
Notes receivable and advances | 16,604 |  |  | — |
Accrued interest - notes receivable | 512 |  |  | — |
Other | 4,734 |  |  | 1,258 |
Total accounts, notes and interest receivable | $ | 63,649 |  |  | $ | 58,304 |
Management has established a foreclosure reserve for estimated uncollectible balances of the foreclosure and trust advances. Management believes that substantially all other accounts, notes and interest receivable amounts are collectible and, accordingly, no allowance for doubtful accounts is necessary. The activity of the foreclosure loss reserve was as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Balance — beginning of period | $ | 6,659 |  |  | $ | 10,997 |  |  | $ | 8,698 |  |  | $ | 10,355 |
Utilization of foreclosure reserve | (549) |  |  | (603) |  |  | (3,058) |  |  | (1,436) |
Provision for (reversal of) foreclosure losses | 84 |  |  | (3,449) |  |  | 554 |  |  | (1,974) |
Balance — end of period | $ | 6,194 |  |  | $ | 6,945 |  |  | $ | 6,194 |  |  | $ | 6,945 |
Note Receivable In March 2023, the Company issued a note receivable to CCM in the amount of $11.3 million in connection with the acquisition of CCM, which closed in April 2023. The Company recognized a discount on the note receivable of approximately $1.3 million on the date the acquisition closed. The note bears interest at a variable rate tied to the Secured Overnight Financing Rate ("SOFR") plus an applicable margin. Also, pursuant to the acquisition, CCM will be entitled to earn-out payments for four years based on certain performance criteria. The earn-out payments will be first allocated to repay the interest and principal due on the note receivable. The note receivable matures in April 2027. If an earn-out payment is not due to CCM, 50% of the interest payment may be "paid-in-kind", and thereby added to the principal balance.

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- Definition The entire disclosure for accounts receivable, contract receivable, receivable held-for-sale, and nontrade receivable. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//310/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//326/tableOfContent + Details
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- References No definition available. + Details
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