.05 Real Property - For Sale
 
(01/01/20 - 12/31/20)
Real property that the participant is making a good faith effort to sell is not countable.
 
Establish that the participant is making a good faith effort to sell the property by verifying both of the following:
 
The property is for sale
The participant has not declined a reasonable offer
 
The good faith effort to sell the property can be verified through any of the following:
 
A classified ad in the newspaper or Internet
A real estate broker
Other reasonable proof
 
Key the following information on OTAS:
 
The RS Other Assets Code in the TY field.
The equity value of the real property for sale in the EQUITY field.