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maxy

House in a foreign country worth about $150000.00. Can I use it to show my assets ?

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Filed: Citizen (apr) Country: Myanmar
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17 minutes ago, maxy said:

I have house in a foreign country worth about $150000.00. Can I use it to show my assets ?

It has been done before:

 

 

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Filed: Other Country: China
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It is not the best choice, but it might work.  Best choice is to sell the house and show the cash in a US Account, where it could actually be used to support people.  Much easier to document both value and equity, of cash.  It's not what the house is "worth".  It's what your equity in the house is worth, AND whether it can be reasonably quickly liquidated without doing harm to the sponsor.

Facts are cheap...knowing how to use them is precious...
Understanding the big picture is priceless. Anonymous

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