008 RESOURCES.
Resources may include real and personal property. The total equity value of available, non-exempt resources of the Aid to Dependent Children unit is determined and compared with the established maximum for available resources which the Aid to Dependent Children unit may own and still be considered eligible. If the total equity value of available, non-exempt resources exceeds the established maximum, the unit is ineligible for a grant. Equity value equals the fair market value, the price at which it could be sold, minus all encumbrances. Examples of encumbrances include mortgages, liens, taxes, and estimated selling expenses.