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sale and provide instructions for contacting the seller. The selling price should be a reasonable figure reflecting the fair market value of the property.

Within the 30-day limit, the eligibility worker must verify and document in the case record that the property has been offered for sale. Use of Form 118, Report on Property for Sale or Rent, is suggested, but not mandatory. The eligibility worker must also stress to the recipient the responsibility to notify the agency when the property is sold.

When the Form 118 is signed and the property is offered for sale, the equity value of the property is exempted as a resource for up to six months. The six-month disposal period begins on the date Form 118 is signed. It ends on the last day of the sixth month.

The AG is entitled to only one six-month disposal period. (f18) This total can be accumulated during one unbroken six-month period or in increments if there is intermittent assistance. 2620.20.15.05

PROPERTY NOT MARKETED WITHIN 30 DAYS (C)

If an applicant/recipient signs Form 118 but does not then offer the property for sale within 30 days, the case must be discontinued. (Refer to Section 2620.20.15.) Timely notice must be issued early enough to allow an effective date for the action which is the first of the month after the expiration of the 30-day marketing period. The reason for discontinuance would be excess resources. Cash benefits paid during this period are overpayments. 2620.20.15.10

OVERPAYMENT CALCULATION AFTER PROPERTY SALE (C)

In the event the exempted property sells, there must be a determination of the net proceeds to the recipient. Net proceeds are defined as the gross selling price minus all expenses relating to the sale of the property, for example, realtor and/or attorney fees, taxes, liens, closing costs paid by the seller, and so forth.

If the net proceeds, combined with all other resources from the original resource determination, are within the resource limit, no overpayment would exist. Continuing eligibility must be determined. 2620.20.15.15

PROPERTY UNSOLD AFTER SIX MONTHS (C)

If the exempted property is marketed for six months and fails to sell, its equity value must, at that point, be counted toward the resource limitation. Eligibility for continuing payments ceases unless the recipient no longer has excess resources due to the disposal of resources other than the property.

If assistance is to be discontinued, timely notice must be issued to make the effective date of discontinuance the first of the month after the six-month disposal period ends. If the AG becomes