Department of Human Services

Families First Online Policy Manual

Resources

Revised:

17.7

SALE OF REAL PROPERTY DURING THE NINE-MONTH EXEMPTION PERIOD

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Real property, that is not homestead property, that the AU is making a “good faith effort” to sell, is not a countable resource if the AU signs an agreement to repay the Families First benefits received during the period of exemption.  If the real property is sold during the nine-month exemption period and the sale is reported in a timely manner, a lump sum payment must be used from the sale proceeds to repay the Families First benefits.  The caseworker must prepare and send a memo outlining the circumstances of the overpayment to:

 

            Director of Fiscal Services

           Citizen’s Plaza Building, 5th Floor

            400 Deaderick Street

            Nashville, Tennessee   37243

 

The caseworker must remind the AU to submit a lump sum payment to repay the benefits according to the terms of the signed Notice of Excess Property and Repayment Agreement and to include his/her Families First case number on the check or money order before sending the payment directly to Fiscal Services at the above address.

 

If the real property is sold during the period of exclusion and the sale is not reported in a timely manner, treat the benefits that the AU received during the entire period as an overpayment subject to the usual overpayment collection procedures.

 

Glossary

 

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