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Lennar Homebuilding Receivables
12 Months Ended
Nov. 30, 2012
Receivables [Abstract]  
Lennar Homebuilding Receivables
Lennar Homebuilding Receivables
 
November 30,
(In thousands)
2012
 
2011
Accounts receivable
$
36,482

 
31,964

Mortgage and notes receivable
12,616

 
18,066

Income tax receivables
7,479

 
6,880

 
56,577

 
56,910

Allowance for doubtful accounts
(2,832
)
 
(2,933
)
 
$
53,745

 
53,977


At November 30, 2012 and 2011, Lennar Homebuilding accounts receivable relates primarily to other receivables and rebates. The Company performs ongoing credit evaluations of its customers and generally does not require collateral for accounts receivable. Mortgages and notes receivable arising from the sale of land are generally collateralized by the property sold to the buyer. Allowances are maintained for potential credit losses based on historical experience, present economic conditions and other factors considered relevant by the Company.