003.05(B)(iv)(2) EXTENSION OF TIME LIMIT.

If an applicant or client is unable to liquidate a property in six calendar months, the Department may authorize one additional three-calendar- month extension. The three calendar months are counted whether or not the applicant or client is receiving Medicaid. If the applicant or client moves back to the home during the three- month period and subsequently moves out again, he or she is allowed the months remaining in the initial three-month extension. In determining whether to allow a three-calendar- month extension, the Department will consider: (a) If the property has been placed on the market with a real estate licensee; (b) If the applicant or client is asking a fair price for the property; (c) If the asking price has been reduced; (d) If the applicant or client understands the requirement for liquidation of the property; (e) If the applicant or client has refused a reasonable offer to purchase, defined as at least 2/3 of either the estimated current market value or the proven actual value, if there is no better offer; and (f) The economic conditions in the area and if real estate is selling.