Question about co-sponsorship

[pushbrk 12,898]

11 hours ago, Family said:

For moms I-864, just list as “ income “ anything she gets from Social Security and list her investments as assets , this way you can avoid having to go in circles explaining/ proving the anticipated duration / nature of the passive income. So if her investment are real estate, show deed and estimated market value ( print out Zillow for example )  if they are portfolio stocks show statements. 

This is incorrect.  A person with passive investment income will show that income on their tax return.  Essentially, that means they are both retired, and a "self employed investor".  Their current income is the total income line on their 1040 PLUS the Social Security.  If THAT is well over the income requirement, there is no need to show the assets at all.  If not, just show the liquid assets/investments.

[JeanneAdil 6,510]

18 hours ago, sidmando said:

#1: I currently live in Peru with my wife and kids, and my ability to generate income here is limited.
#2: I don't need the money. I am a former (and future) business owner with substantial net worth. I am living off my savings and have plenty to stay afloat for as long as this process takes. I will reopen my business and start generating income again once we are able to move back to the US. (I am aware that I may be able to satisfy the financial requirements by showing liquid assets -- which I have already done on my affidavit of support, but I am concerned that they might not view cash in the bank as an adequate substitute for income. My understanding is that a lot of this is at the discretion of the individual official who is evaluating my application. So it is possible that all of this is academic, if they approve me based purely on my savings.)

just your assets (if enough to satisfy the poverty guidelines) 3x the income posted 

joint sponsor ???    maybe not needed 

US tax transcripts and proof of the savings !

[sidmando 15]

3 minutes ago, JeanneAdil said:

just your assets (if enough to satisfy the poverty guidelines) 3x the income posted 

joint sponsor ???    maybe not needed 

US tax transcripts and proof of the savings !

Thanks for your feedback. I already showed liquid assets in excess of the 3x amount on my original Affidavit of support, but I have received multiple messages from NVC stating that my proof of income is insufficient. Do you know if the application of the 3x standard is automatic or if the consular officer has discretion in terms of how to apply it? In other words, if I have cash in the bank exceeding the 3x amount, does that mean I automatically fulfill that requirement?

[Redro 4,611]

13 minutes ago, sidmando said:

Thanks for your feedback. I already showed liquid assets in excess of the 3x amount on my original Affidavit of support, but I have received multiple messages from NVC stating that my proof of income is insufficient. Do you know if the application of the 3x standard is automatic or if the consular officer has discretion in terms of how to apply it? In other words, if I have cash in the bank exceeding the 3x amount, does that mean I automatically fulfill that requirement?

You got this message:

Petitioner] does not meet the minimum income requirement to sponsor the intending immigrants for this case... To avoid delays, an additional Affidavit of Support Form I-864 for a joint sponsor may be submitted.

 

or something like that and your daughter was DQ'ed right? This means you can upload joint sponsor information, or take it to the interview if the consulate does not think your assets are sufficient. Another member was asked to submit a joint sponsor as the consulate decided it was "too difficult" to figure out assets. 

 

P.S  you might want to update your timeline as it appears you are still waiting for NOA2. And people will be able to give you better answers if they realize your daughter's case has been DQ'ed and your wife has to submit another document. 

Edited May 3, 2022 by ROK2USA

[Crazy Cat 41,887]

20 minutes ago, sidmando said:

Thanks for your feedback. I already showed liquid assets in excess of the 3x amount on my original Affidavit of support, but I have received multiple messages from NVC stating that my proof of income is insufficient. Do you know if the application of the 3x standard is automatic or if the consular officer has discretion in terms of how to apply it? In other words, if I have cash in the bank exceeding the 3x amount, does that mean I automatically fulfill that requirement?

There is no "automatically fulfilling the requirement".  The Consulate Officer has full discretion after considering the totality of the financial situation which would include sponsor/joint sponsor relationship, employment, current income, assets, ability to recover re-imbursement for expended public funds, etc.  

[JeanneAdil 6,510]

15 minutes ago, ROK2USA said:

You got this message:

Petitioner] does not meet the minimum income requirement to sponsor the intending immigrants for this case... To avoid delays, an additional Affidavit of Support Form I-864 for a joint sponsor may be submitted.

 

or something like that and your daughter was DQ'ed right? This means you can upload joint sponsor information, or take it to the interview if the consulate does not think your assets are sufficient. Another member was asked to submit a joint sponsor as the consulate decided it was "too difficult" to figure out assets. 

 

P.S  you might want to update your timeline as it appears you are still waiting for NOA2. And people will be able to give you better answers if they realize your daughter's case has been DQ'ed and your wife has to submit another document. 

unfortunately ,  the case will go no further (past NVC and to the embasssy) if NVC says income is not enough

 

print out the I 864 instructions on assets and send it with your proof of savings in a US bank to NVC 

if u use your mother for joint sponsorship,  u must prove intention to live with her according to I 864 joint sponsor regulations

 

Item Numbers 5.a. - 5.b. Household Member’s Assets. To use the assets of a relative (spouse, adult son or daughter, parent, or sibling), the relative must reside with you and have completed Form I-864A with accompanying evidence of assets. Form I-864A and accompanying evidence of assets is submitted with Form I-864. Y

 

[sidmando 15]

2 minutes ago, JeanneAdil said:

unfortunately ,  the case will go no further (past NVC and to the embasssy) if NVC says income is not enough

 

print out the I 864 instructions on assets and send it with your proof of savings in a US bank to NVC 

if u use your mother for joint sponsorship,  u must prove intention to live with her according to I 864 joint sponsor regulations

 

Item Numbers 5.a. - 5.b. Household Member’s Assets. To use the assets of a relative (spouse, adult son or daughter, parent, or sibling), the relative must reside with you and have completed Form I-864A with accompanying evidence of assets. Form I-864A and accompanying evidence of assets is submitted with Form I-864. Y

 

•  

Now I'm getting confused. I have my own savings in excess of the 3x amount, and I already provided documentation (bank statement) showing that. I do not need to rely on my mother to meet the assets threshold. The only reason I would need to use my mother as a co-sponsor is if the CO determines that my assets are not an acceptable substitute for income. Like I mentioned previously, I have been living in Peru for 3 years and earning very little during that time. So my tax returns don't meet the income requirements, but my savings are well in excess of the 3x amount.

[Redro 4,611]

11 minutes ago, JeanneAdil said:

unfortunately ,  the case will go no further (past NVC and to the embasssy) if NVC says income is not enough

 

print out the I 864 instructions on assets and send it with your proof of savings in a US bank to NVC 

if u use your mother for joint sponsorship,  u must prove intention to live with her according to I 864 joint sponsor regulations

 

Item Numbers 5.a. - 5.b. Household Member’s Assets. To use the assets of a relative (spouse, adult son or daughter, parent, or sibling), the relative must reside with you and have completed Form I-864A with accompanying evidence of assets. Form I-864A and accompanying evidence of assets is submitted with Form I-864. Y

 

•  

If you read OPs previous posts you'll see his daughter's case has been DQ'ed with assets:

Now he is waiting for that case to be scheduled for interview. His wife isn't DQ'ed yet but that's because she didn't upload the correct divorce decree. 

 

OP will probably have issues with his I-864 and have to update the CO on his financial situation though because Peru is backlogged and no one appears to be getting interviewed (and he might not have included his new child on his current I-864). 

 

 

Edited May 3, 2022 by ROK2USA

[Redro 4,611]

2 minutes ago, sidmando said:

Now I'm getting confused. I have my own savings in excess of the 3x amount, and I already provided documentation (bank statement) showing that. I do not need to rely on my mother to meet the assets threshold. The only reason I would need to use my mother as a co-sponsor is if the CO determines that my assets are not an acceptable substitute for income. Like I mentioned previously, I have been living in Peru for 3 years and earning very little during that time. So my tax returns don't meet the income requirements, but my savings are well in excess of the 3x amount.

This is what I was mentioning. People think you haven't passed NVC stage because you do not have sufficient income or funds. 

If you add the two timelines to your signature you might get responses that aren't confusing. 

[pushbrk 12,898]

9 hours ago, sidmando said:

Thanks for your feedback. I already showed liquid assets in excess of the 3x amount on my original Affidavit of support, but I have received multiple messages from NVC stating that my proof of income is insufficient. Do you know if the application of the 3x standard is automatic or if the consular officer has discretion in terms of how to apply it? In other words, if I have cash in the bank exceeding the 3x amount, does that mean I automatically fulfill that requirement?

If the notices indicated the Consular Officer will make the decision, and you are comfortable the assets you listed are both properly documented, and clearly sufficient (as well as liquid) then just ignore the message.