009.08(B)(iv)(3) EXTENSION OF TIME LIMIT.

If the individual is unable to liquidate the property in six calendar months, the Department may authorize an additional three calendar months. In determining whether to allow a three-calendar-month extension, the Department considers: (a) If the property has been placed on the market with a real estate licensee or; (b) If the individual is asking a fair price for the property; (c) If the asking price has been reduced; (d) If the individual understands the requirement for liquidation of the property; (e) If the recipient has not refused a reasonable offer to purchase, which if there is not a better offer, a reasonable offer is defined as at least two-thirds of either the estimated current market value or the proven actual value; (f) The economic conditions in the area and if real estate is selling; and, (g) The three calendar months are counted whether or not the individual is receiving assistance. If the individual moves back to the home during the three-month period and subsequently moves out again, only the months remaining in the three months are allowed.