Include Ring as Asset?

[atozonetonine 0]

Can I include my Fiance's engagement ring as an asset of mine?

I gave it to her when I went to Russia and she has it in Russia with her.

She will bring it with her to the interview, and we also have an appraisal for it.

Also, to include my car as an asset, is there a specific way to get an appraisal? or can it be from any mechanic? I cannot find the Kelly Blue book value of my car since it is a 1971.

thanks.

[TBoneTX 45,047]

*** Duplicate thread removed. ***

[Penguin_ie 5,993]

Engagement ring: Unless it is a $20'000+ gigantic rock, I wouldn't. You can use jewellery but using every ring etc you have may make the CO wonder if you can truly afford to keep her (plus, most women wouldn't sell their engagement rings).

Car: if it is your only car you cannot use it. If you have another car then yes you can. Can you get an appraisal on business letterhead from whatever mechanic takes care of it?

[atozonetonine 0]

It is my only car. Where did you read that you cannot use your only car? I must have missed that.

[baron555 934]

Can I include my Fiance's engagement ring as an asset of mine?

I gave it to her when I went to Russia and she has it in Russia with her.

She will bring it with her to the interview, and we also have an appraisal for it.

Also, to include my car as an asset, is there a specific way to get an appraisal? or can it be from any mechanic? I cannot find the Kelly Blue book value of my car since it is a 1971.

thanks.

If your income is sufficient, there is no need to list any assets (and therefore not the bother).

[Harsh_77 718]

If you can met the numbers you should not include things like ring and car that you use everyday, which would just make CO wonder if you really have assets to cover for your fiancé.

[Dave&Roza 748]

It is my only car. Where did you read that you cannot use your only car? I must have missed that.

The only car and primary residence falls under the undo hardship clause--assets cannot be used if converting them to cash causes an undo hardship on the sponsor. Besides assets are taken at 1/3 their fair market value for a spouse and 1/5 for everyone else. So unless this ring is quite expensive it is not worth paying to have it appraised.

So you need assets of $60,000 to cover no income if sponsoring a spouse.

Dave

[Gary and Alla 3,694]

Can I include my Fiance's engagement ring as an asset of mine?

I gave it to her when I went to Russia and she has it in Russia with her.

She will bring it with her to the interview, and we also have an appraisal for it.

Also, to include my car as an asset, is there a specific way to get an appraisal? or can it be from any mechanic? I cannot find the Kelly Blue book value of my car since it is a 1971.

thanks.

If you NEED to use these things as assets to qualify you have bigger problems which should be addressed. If you make enough money you do not need to list ANY assets, just leave that info blank. If you need to use the car, you need to have it appraised by a qualified person, such as an antique vehicle dealer. They will need something to plausibly assign a value to it and you also need to show clear title or loan balance so the NET value can be calculated.

You then get "credit" for 1/3 of this toward any shortfall in income. For example if you need $19,000 in income and you have $16,000, then you need $9,000 in assets to make up the difference.

Also, assets do not have to be considered by the consulate in any case, so if you are actually trying to qualify on assets I would have a co-sponsor also.

[Gary and Alla 3,694]

Engagement ring: Unless it is a $20'000+ gigantic rock, I wouldn't. You can use jewellery but using every ring etc you have may make the CO wonder if you can truly afford to keep her (plus, most women wouldn't sell their engagement rings).

Car: if it is your only car you cannot use it. If you have another car then yes you can. Can you get an appraisal on business letterhead from whatever mechanic takes care of it?

I agree. There are no particular qualifiers for an appraiser, because there are no particular qualifiers for ANYTHING regarding the I-134. Now before you think that is "good news", I assure you, it is not. It means YOU need to convince somone that does not know you and knows nothing about cars and spends exactly 33 seconds reviewing your case (which is 26 seconds longer than they spent on mine) that this car is going to prevent your fiancee from becoming a public charge. See? Yeah, even sounds silly to read it, doesn't it? Now imagine trying to convince them of that if "Bob" at "Bob's Garage" says it is worth $30,000. IF on the other hand your appraisal was from a antique auto auctioneer, that may carry more weight. Or maybe they just toss out the whole thing and demand proof of income. They CAN.

But for all that it is still not quite as silly as "And if we don't have any food, my fiancee here will sell this here diamond ring I gave her...won't you, sweetheart?" Yeah...you got it now.

Are you saying you do not have a job and do not have a co-sponsor?

Edited December 28, 2012 by Gary and Alla

[atozonetonine 0]

Are you saying you do not have a job and do not have a co-sponsor?

No, I have a job, with a salary of $33,000 per year and I have a letter from my employer, and copies of several paychecks.

Hopefully that will be enough. I just wanted to include everything possible, since I recently graduated from my masters degree, and I do not have a house, or any large savings yet.

My only concern was my bank account balance.

[Louis and Aya 17]

You just have to be above 125% of the poverty level. For 2 people 33k is enough.