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02/17 DEPARTMENT FOR AGING AND REHABILITATIVE SERVICES AUXILIARY GRANT PROGRAM NON-SSI CONDITIONAL BENEFITS CHAPTER F, PAGE 20 11.1. Verification of Sale Obtain evidence of:  The gross purchase price (whether in cash, on a contract, or both);  Any encumbrances on the property (taxes due and payable by seller, mortgage or other lien balance, etc.); and  Any expenses incurred in connection with the sale (advertising costs, realtor or other listing fees, consignment or auction fees, attorney fees, etc.). 11.2. Cash Sale When someone sells an excess non-liquid resource for cash, this satisfies the terms of the agreement to sell.  For computation of overpayment purposes, the purchase price is the CMV or the gross sale price, whichever is higher.  Refund requirement o The individual is expected to repay the CB from the proceeds of the sale 11.3. Other than Cash Sale 11.3.1. Contract Received for Sale When someone sells an excess non-liquid resource on a contract for sale, promissory note, installment payment contract or other property agreement, this satisfies the terms of the agreement to sell.  For computation of overpayment purposes, the purchase price is: o The down payment in cash (if any); plus o The principal amount of the contract.  Refund requirement - Negotiate installment refunds that are reasonable considering the individual's income and resources if he/she: o Is ineligible for AG; o Does not have liquid resources to make immediate refund; and