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Co6aka

Has anyone successfully used assets to offset insufficient income at the AOS interview?

By Co6aka in Adjustment of Status from Work, Student, & Tourist Visas

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Co6aka Contributor

Co6aka   18

Posted
Filed: AOS (pnd) Country: Russia
 Timeline
Posted (edited)

Has anyone successfully used assets to offset insufficient income at the AOS interview?  I'm curious to hear actual experience stories.

 

When we filed for my wife, 2019 was my most recent tax year and I had plenty of income, but because of the pandemic my 2020 income, and so far in 2021, is less than 1% of 2019.  (Self-employed; sole proprietor in one venture and S-corp in the other.)  So, when we filed we went all-out and documented all significant assets, mine and hers, plus got an accredited "USCIS-approved" evaluation of my wife's foreign masters degree in finance.  (Our packet to USCIS weighed about six pounds.)  The total of the overly-conservative appraisals (minus any offsets) is about $810K.  The true cash value of one of my assets is about $2.5M but I'd need to pay a licensed petroleum engineer at least $7.5K for such an analysis and appraisal, so I included some unsolicited immediate-cash buy offers that were for over $200K.  Our next door neighbor just sold their equivalent home for $625K, but I sent USCIS the real estate tax appraisal which was for about $500K.  Between us we have about $25K left in the bank, but that continues to dwindle.  In July my wife found part time work, mainly as a way to get out of the house and practice English, but she grosses only about $1600/month.  My wife will begin receiving her pension next summer, and she owns two nice apartments in Russia that she'll rent out if she can get back there and finish renovations.  (She included translated copies of the deeds and real estate tax appraisal statements in the AOS packet.)  My business ventures should begin to return next year; stuff is finally looking "up" for me... BUT... We just received the I-797C for the AOS interview at the end of October... ???...!!!

Edited by Co6aka

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edsperfect Community Regular

edsperfect   25

Posted
Filed: Citizen (apr) Country: Russia
 Timeline
Posted

i would say you are more than is needed. Assuming your house was appraised for 500. you don't say what the mortgage is though and immigrations wants liquid or easily made liquid assets

filed 129 with vermont 4/19/06

first notice 5/3/06?

IMRA RFE 6/19/06

snail mail RFE 6/22/06

returned 6/22/06

email they recieved 6/26/06

second RFE email 7/11/06

recieved 7/22

returned 7/24

touched 7/25

APProved 10/02/06

NVC sent to Moscow 10/17/06

package from Embassy 11/17/06

interview 01/11/07

approved visa 01/11/07

arrived 02/7/07

married 04/13/07

filed AOS 05/13/07

biometrics 06/06/07

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