Affidavit of Support - Using Asset to Supplement Income

[DR2US 0]

Hi, I would like to use my property as an asset to supplement income. The instructions say I must provide a recent appraisal report. Obtaining one of these is costly and time consuming when at this time I have no reason for one other than USCIS says it is needed for this asset. Has anyone had to do this or can I provide my real estate tax assessment invoice to show market value? Thanks.

[JeanneAdil 6,704]

No,  as that is only the value of the property thru tax office does not reflect what you could actually get upon a sale //you must show the appraisal and any mortgage left on the property for immigration to consider the value and it has to be able to be liquidated within a year/  hard to prove that one when the market goes up and down and stalls

liquid assets like stocks, bonds and savings are the best as the nature of disposing of them is fast

 

[DR2US 0]

17 minutes ago, JeanneAdil said:

No,  as that is only the value of the property thru tax office does not reflect what you could actually get upon a sale //you must show the appraisal and any mortgage left on the property for immigration to consider the value and it has to be able to be liquidated within a year/  hard to prove that one when the market goes up and down and stalls

liquid assets like stocks, bonds and savings are the best as the nature of disposing of them is fast

 

Thank so much for responding. I understand now. This is so difficult, to say the least. 

[Lucky2Lucky 2,526]

This isn’t an official USCIS site but it says what proof is required when using your real estate as an asset. https://www.***removed***/using-assets-meet-income-requirements-affidavit-of-support/

[pushbrk 13,184]

11 hours ago, DR2US said:

Thank so much for responding. I understand now. This is so difficult, to say the least. 

If the only "property" you are going to show is the equity in your primary residence, don't bother.  That is not considered liquid.  Yes, you can sell it but not without harm to you, as it is your primary residence.  If that's all you've got, find a joint sponsor instead, so you don't waste the time and expense for nothing.