I -134

[inlovebutstressed 1]

Hey it is getting to the time to for the sponsorship stuff so I am using a co-sponsor who will use property to cover the amounts of poverty etc. I know it cant be primary residence and its not and I think the equity must be 125% of the poverty which isn't a problem my question is do I need an appraisal to show value of property and do I need to run a title search to show it is free of debt ? Please anyone that knows help me I don't want to spend money in the wrong places or should I say on the wrong things and not be enough or complete.Please advise ....Thanks in advance

[Dave&Roza 748]

Hey it is getting to the time to for the sponsorship stuff so I am using a co-sponsor who will use property to cover the amounts of poverty etc. I know it cant be primary residence and its not and I think the equity must be 125% of the poverty which isn't a problem my question is do I need an appraisal to show value of property and do I need to run a title search to show it is free of debt ? Please anyone that knows help me I don't want to spend money in the wrong places or should I say on the wrong things and not be enough or complete.Please advise ....Thanks in advance

If the co-sponsor is using property to cover a shortfall in income, the property must by 5X the shortfall amount. Yes, it needs to be appraised and if there is no loan that needs to be shown as well.

Good luck,

Dave

[NigeriaorBust 4,087]

Yes there needs to be a current appraisal and it doesn't need to be debt free , it just needs to have equity to support the AOS. A title search should show what you need either way.

[inlovebutstressed 1]

If the co-sponsor is using property to cover a shortfall in income, the property must by 5X the shortfall amount. Yes, it needs to be appraised and if there is no loan that needs to be shown as well.

Good luck,

Dave

[tru_loves_journey 117]

It's 3 times the 125% poverty amount is liquid assets for the I-134, 5 times for the I-864

[Anh map 2,098]

It's 3 times the 125% poverty amount is liquid assets for the I-134, 5 times for the I-864

3 times multiplier is for petitioner or beneficiary assets. 5 times for anyone else. Also 5:1 for assets held outside the US. This applies to I-134 as well as I-864.

[bombyjuly 13]

3 times multiplier is for petitioner or beneficiary assets. 5 times for anyone else. Also 5:1 for assets held outside the US. This applies to I-134 as well as I-864.

If u want to know the value of the house go to zillow.com type the adreess and zip code to get the value,good look

[inlovebutstressed 1]

If we want the property to cover the entire amount as the co sponsor is retired how much equity is needed? I was wondering the amount. Thanks to all!!

[tru_loves_journey 117]

This post explains about assets

http://www.visajourn...ermines-assets/

I read on another post that Retirement and Social Security income can be used.

Edited July 28, 2012 by tru_loves_journey