Real Estate Owned - Additional information (Details) |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2022
USD ($)
property
|
Jun. 30, 2021
USD ($)
|
Jun. 30, 2022
USD ($)
property
|
Jun. 30, 2021
USD ($)
|
|
Real Estate Owned | ||||
Real estate owned | $ 5,904,614 | $ 7,892,845 | $ 5,904,614 | $ 7,892,845 |
Real estate on owned | 800,949 | 986,975 | 800,949 | 986,975 |
Real estate held-for-sale | 5,103,685 | 6,905,870 | 5,103,685 | 6,905,870 |
Loss on sale of real estate | 188,182 | 14,962 | 122,343 | 17,096 |
(Gain) Loss on sale of real estate | (188,182) | 14,962 | (122,343) | 17,096 |
Impairment loss on real estate owned | $ 335,000 | $ 294,000 | $ 490,500 | $ 319,000 |
Number of properties sold, that are held for sale | property | 2 | 2 | ||
Number of properties held for rental | property | 1 | 1 | ||
Lease term of rental property held for rental | 5 years | 5 years |
X | ||||||||||
- Definition This element represents the amount of gain (loss) on sale of properties during the reporting period No definition available.
|
X | ||||||||||
- Definition The net gain (loss) resulting from sales and other disposals of real estate owned for investment purposes. No definition available.
|
X | ||||||||||
- Definition Represents the number of real estate properties held for rental. No definition available.
|
X | ||||||||||
- Definition Represents the number of properties sold that are held for sale. No definition available.
|
X | ||||||||||
- Definition Represents the lease term of real estate properties held for rental. No definition available.
|
X | ||||||||||
- Definition The charge against earnings in the period to reduce the carrying amount of real property to fair value. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of investment in land and building held for sale. Excludes real estate considered inventory. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
X | ||||||||||
- Definition Amount of real estate investment property which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
X | ||||||||||
- Definition Carrying amount of income producing properties held for rental. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|