STATEMENTS OF CASH FLOW (Parenthetical) - USD ($) |
Dec. 31, 2021 |
Dec. 31, 2020 |
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STATEMENTS OF CASH FLOW | ||
Real estate acquired in connection with the foreclosure of certain mortgages, inclusive of interest and other fees receivable | $ 685,763 | $ 1,553,103 |
Gain on real estate acquired in lieu of foreclosure | $ 273,610 |
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- Definition Carrying amount as of the balance sheet date of other real estate and foreclosed assets. Other real estate may include real estate investments, real estate loans that qualify as investments in real estate, and premises that are no longer used in operations may also be included in real estate owned. Foreclosed assets include all assets obtained in full or partial satisfaction of a debt arrangement through foreclosure proceedings. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Carrying amount as of the balance sheet date of land and buildings obtained through foreclosure proceedings or defeasance in full or partial satisfaction of a debt arrangement. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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