2-009.07B4b(1) Extension of Time Limit

469 NAC 2-009.07B4b(1)

If the client is unable to liquidate the property in six calendar months, the supervisor may authorize an additional three calendar months. In determining whether to allow a three-calendar-month extension, the supervisor must consider:

1. If the property has been placed on the market with a real estate licensee;

2. If the client is asking a fair price for the property;

3. If the asking price has been reduced;

4. If the client understands the requirement for liquidation of the property;

5. If the client has not refused a reasonable offer to purchase; and

Note: If there is not a better offer, a reasonable offer is defined as at least 2/3 of either the estimated current market value or the proven actual value.

6. The economic conditions in the area and if real estate is selling.

The three calendar months are counted whether or not the client is receiving assistance. If the client moves back to the home during the three-month period and subsequently moves out again, s/he is allowed the months remaining in the three months.

Before the three-month extension ends, if the client has exhausted all possibilities for selling the property but it is not sold, the worker must submit all information regarding the property and its saleability on Form ASD-17 to Public Assistance, Central Office, to determine if the resource is available, in accordance with the guidelines previously listed.

(2/28/2007)