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DEPARTMENT FOR AGING AND REHABILITATIVE SERVICES AUXILIARY GRANT PROGRAM NON-SSI RESOURCE ELIGIBILITY 11/18 CHAPTER E PAGE 96 • The local office of the Farmer's Home Administration (for rural land); • The local office of the Agricultural Stabilization and Conservation Service (for rural land); • Banks, savings and loan associations, mortgage companies, and similar lending institutions; • An official of the local property tax jurisdiction (be sure to obtain the individual's estimate rather than the office's assessment); and • The County Agricultural Extension Service. 50.2.3. CMV Rebuttals If the individual disagrees with CMV, and the difference is material to eligibility, ask the individual to provide additional evidence such as • Evidence that the individual's ownership interest in the property is worth less than the total value of the property divided by the number of owners; and • Evidence from knowledgeable. 50.3. Equity Value Equity value (EV) is the CMV of a resource minus any encumbrance on it. Have the individual provide a copy of the note or agreement establishing the encumbrance and the verification of the outstanding principal balance 50.4. Foreign Property Foreign property is subject to the same rules as domestic property. 50.4.1. Effect of Legal Restrictions • If evidence of a legal bar to the sale of property, or to removing the proceeds of a sale from the country exists, the property is not a resource. CMV development is unnecessary. • If a legal restriction limits the amount an individual can remove from the country, that limit is the maximum value the property can have as a resource.