Consolidated Balance Sheets (Restated) (Unaudited) (USD $)	Jun. 30, 2011	Dec. 31, 2010
ASSETS
Cash and cash equivalents	$ 17,724,576	$ 5,375,060
Certificates of deposit	492,181	2,003,943
Loans secured by trust deeds, net of allowance for losses of $26,219,516 in 2011 and $36,068,515 in 2010	82,371,110	121,596,980
Interest and other receivables	2,445,337	4,493,614
Vehicles, equipment and furniture, net of accumulated depreciation of $377,061 in 2011 and $309,676 in 2010	347,619	387,975
Other assets, net of accumulated amortization of $707,483 in 2011 and $675,398 in 2010	1,164,585	1,036,146
Investment in limited liability company	2,153,863	2,141,971
Real estate held for sale	29,738,196	15,132,847
Real estate held for investment, net of accumulated depreciation and amortization of $6,999,244 in 2011 and $5,887,910 in 2010	109,987,147	81,933,352
Total Assets	246,424,614	234,101,888
LIABILITIES:
Accrued distributions payable		46,014
Due to general partner	398,750	682,231
Accounts payable and accrued liabilities	2,790,705	2,387,087
Deferred gains	1,462,340	1,475,220
Note payable	10,318,209	10,393,505
Total Liabilities	14,970,004	14,984,057
PARTNERS’ CAPITAL (units subject to redemption):
General partner	2,233,705	2,259,916
Limited partners	214,571,783	216,841,448
Total Owens Mortgage Investment Fund partners’ capital	216,805,488	219,101,364
Noncontrolling interests	14,649,122	16,467
Total partners’ capital	231,454,610	219,117,831
Total Liabilities and Partners’ Capital	$ 246,424,614	$ 234,101,888