Problem with co sponsor (merged threads)

[Lil bear 4,252]

6 minutes ago, purem4g1c said:

as I know, they do NOT accept real estate as an "asset" only savings accounts, checking accounts, stocks, bonds, mutual funds, ETF

That is not correct. The I864 clearly defines how to use property  as an asset .. and the OP is correctly following that guideline .. it’s still up to the IO  to decide .. 

[lucy 242 4]

Since my husbands income is just a little over the poverty line , we want to add his mom as a co sponsor

She is still married to his dad, they file taxes jointly but they don't live together, they are separated for years now.

We want to use the value of her properties that are in her name only.

My question is, does his father still needs to sign as well?

[John & Rose 7,239]

8 hours ago, lucy 242 said:

Since my husbands income is just a little over the poverty line , we want to add his mom as a co sponsor

She is still married to his dad, they file taxes jointly but they don't live together, they are separated for years now.

We want to use the value of her properties that are in her name only.

My question is, does his father still needs to sign as well?

Where are you interviewing?  Some Embassies do not accept assets.  The assets have to be liquid (able to turn into cash within 12 months without causing and difficulties for the owner).  Houses are VERY rarely allowed even in embassies that do allow assets.

 

If they filed taxes together the main breadwinner files the I-864 and the other person file the I-864A.  Both will be required.

 

Edited June 13, 2019 by John & Rose

[lucy 242 4]

2 hours ago, John & Rose said:

Where are you interviewing?  Some Embassies do not accept assets.  The assets have to be liquid (able to turn into cash within 12 months without causing and difficulties for the owner).  Houses are VERY rarely allowed even in embassies that do allow assets.

 

If they filed taxes together the main breadwinner files the I-864 and the other person file the I-864A.  Both will be required.

 

Where did you get your information? 

[John & Rose 7,239]

14 minutes ago, lucy 242 said:

Where did you get your information? 

The I-864 instructions from USCIS

 

https://www.uscis.gov/i-864

 

https://www.uscis.gov/sites/default/files/files/form/i-864instr.pdf

 

Edited June 13, 2019 by John & Rose

[lucy 242 4]

2 minutes ago, John & Rose said:

The I-864 instructions from USCIS

 

https://www.uscis.gov/i-864

 

https://www.uscis.gov/sites/default/files/files/form/i-864instr.pdf

 

Where does it say that you cant use houses?

[John & Rose 7,239]

10 minutes ago, lucy 242 said:

Where does it say that you cant use houses?

Next time read the link first please.  I didn't say you can't use houses.  I said they had to be liquid and cannot cause financial difficulties.  Having to sell a house for cash in under a year would be considered a financial difficulty unless they are extra empty properties...

 

Only assets that can be converted into cash within one year and without considerable hardship or financial loss to the owner may be included. The owner of the asset must include a description of the asset, proof of ownership, and the basis for the owner’s claim of its net cash value.

You may include the net value of your home as an asset. The net value of the home is the appraised value of the home, minus the sum of any and all loans secured by a mortgage, trust deed, or other lien on the home. If you wish to include the net value of your home, then you must include documentation demonstrating that you own it, a recent appraisal by a licensed appraiser, and evidence of the amount of any and all loans secured by a mortgage, trust deed, or other lien on the home. You may not include the net value of an automobile unless you show that you have more than one automobile, and at least one automobile is not included as an asset.

 

Take the I-864 seriously.  The government WILL come after the joint sponsor.  This isn't the I-134 form.  This one is legally enforceable.  The joint sponsor needs to realize that.  

 

This is why many Embassies (Philippines for example) do not allow assets and if they do they rarely allow inhabited houses.

 

 

Edited June 13, 2019 by John & Rose

[lucy 242 4]

4 minutes ago, John & Rose said:

Next time read the link first please.  I didn't say you can't use houses.  I said they had to be liquid and cannot cause financial difficulties.  Having to sell a house for cash in under a year would be considered a financial difficulty unless they are extra empty properties...

 

Only assets that can be converted into cash within one year and without considerable hardship or financial loss to the owner may be included. The owner of the asset must include a description of the asset, proof of ownership, and the basis for the owner’s claim of its net cash value.

You may include the net value of your home as an asset. The net value of the home is the appraised value of the home, minus the sum of any and all loans secured by a mortgage, trust deed, or other lien on the home. If you wish to include the net value of your home, then you must include documentation demonstrating that you own it, a recent appraisal by a licensed appraiser, and evidence of the amount of any and all loans secured by a mortgage, trust deed, or other lien on the home. You may not include the net value of an automobile unless you show that you have more than one automobile, and at least one automobile is not included as an asset.

 

Take the I-864 seriously.  The government WILL come after the joint sponsor.  This isn't the I-134 form.  This one is legally enforceable.  The joint sponsor needs to realize that.

 

So nowhere it says that you can't use houses, you clearly said "Some Embassies do not accept assets" where did you get this information? 

If his mother has 5 houses, I doubt it if anyone will say that this is unacceptable.   

[John & Rose 7,239]

13 minutes ago, lucy 242 said:

So nowhere it says that you can't use houses, you clearly said "Some Embassies do not accept assets" where did you get this information? 

If his mother has 5 houses, I doubt it if anyone will say that this is unacceptable.   

Again, I NEVER said they can't use houses.  My experience comes from years of listening to stories about different Embassies.  If she has 5 empty houses and get professional licensed appraisals and turns in all loan and lien paperwork and she signed that she is willing to lose all those for you and the Embassy accepts them you are golden.  No problem at all.

 

You haven't mentioned what embassy you are using.  If you do that you will get specific answers for that particular embassy.  If Philippines, they do not and have not ever accepted assets.

 

Also, assets must be 5X the poverty level.  

 

I am not arguing with you.  I am trying too help you.  What might seem as unfair to you might be perfectly logical to others.  Forcing someone to leave a home because of a third party debt is something that the COs have to take into consideration.

 

Edited June 13, 2019 by John & Rose

[lucy 242 4]

10 minutes ago, John & Rose said:

Again, I NEVER said they can't use houses.  My experience comes from years of listening to stories about different Embassies.  If she has 5 empty houses and get professional licensed appraisals and turns in all loan and lien paperwork and she signed that she is willing to lose all those for you and the Embassy accepts them you are golden.  No problem at all.

 

You haven't mentioned what embassy you are using.  If you do that you will get specific answers for that particular embassy.  If Philippines, they do not and have not ever accepted assets.

 

Also, assets must be 5X the poverty level.  

 

I am not arguing with you.  I am trying too help you.  What might seem as unfair to you might be perfectly logical to others.  Forcing someone to leave a home because of a third party debt is something that the COs have to take into consideration.

 

It's Sweden, and every house is worth more that 1 million no loans, that's way more than 5X

Edited June 13, 2019 by lucy 242

[Lemonslice 4,886]

You received some good advice in your previous threads:

 

 

 

 

 

[lucy 242 4]

2 minutes ago, Lemonslice said:

You received some good advice in your previous threads:

 

 

Yes, but my question this time was about if his father needs to sign, somehow this got to an argument about assets 

 

 

 

[John & Rose 7,239]

3 minutes ago, lucy 242 said:

It's Sweden, and every house is worth more that 1 million no loans, that's way more than 5X

Every home is worth $1M USD.  Sounds like that should cover it.  Oh, they don't accept foreign assets.  Assets must be in the US and the joint sponsors must be US citizens.

[John & Rose 7,239]

Both need to sign.  The main breadwinner files the I-864 and the other party files the I-864A.  That was answered in the first post.

[lucy 242 4]

3 minutes ago, John & Rose said:

Every home is worth $1M USD.  Sounds like that should cover it.  Oh, they don't accept foreign assets.  Assets must be in the US and the joint sponsors must be US citizens.

Yes I know that, she is an LPR and the houses are in the US

Do we also need her to write some kind of a letter?