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Real Property that Cannot be Sold
2163.1 Does real property you cannot sell count as resources?
Real property that you cannot sell is excluded from your resources as long as it cannot be sold because:
You own the property jointly with another owner(s) and:
It is the other owner(s) principal place of residence; and
The sale would cause undue hardship (due to loss of housing) to the other owner(s); or
Your reasonable efforts to sell have been unsuccessful.
2163.2 How long is the property excluded from resources based on reasonable effort to sell?
Initially, we evaluate your reasonable but unsuccessful efforts to sell under a nine-month conditional benefits arrangement. After the nine months, the property is excluded as long as it cannot be sold and your efforts to sell continue.
Last Revised: March, 2001
- Conditional Payments Despite Excess Resources
- Is property needed for self-support excluded from resources?
- Liquid and Non-liquid Resources
- Are all gains and losses included in calculating earnings?
- What are gross business receipts?
- What items are counted as earnings for real estate brokers?
- Do fringe benefits count as wages?
- Owner of Land on Which Business is Operated
- Rent Received by Real Estate Dealers
- Ownership of Resources
- What is NOT considered a resource?
- Agent-Drivers or Commission-Drivers
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