assets without income

[aynom 0]

Have seen a lot on this but wanted help with some questions. We are filing in Italy. We own a home here; it is up for sale. Estimated walk away amount 35,000 euro (realistic-are taking less for fast sale).Just purchased a home in the US in cash for domicile set up. Amount-$30,000 (19,000 euro). Value at $35,000. Purchasing a car as well for domicile. Opening an account (flying out next month to set up domicile with new account). Have approx 41000 euro in Italian bank account after trip and expenses (transferring immediately to US account when open), an inheritance of another European house (up for sale but not yet sold; actively selling; value of our part-66,000 euro) and another property (a store) for the same amount from the same inheritance (also up for sale).

We have three dependents; no income that can be counted for the US as jobs have to be left. Only what is listed above. The total value of our assets more then make up the amount needed for I-864 (all in my husband's name except the house in the US under my name). Assuming it is your normal 5x 126%, we need around $177,00 (about 140,000 euro). We are figuring if we submit even after the sale of this house in Italy and it is cash in the bank in US (totalling 76000 euro [around $104,000 depends on currency rates]) and the house in the US, how would the assets in Europe be counted or would they not be counted at all? They are both part of an inheritance and for sale. They are also both a substantial amount.

I have read other posts but they seem to all deal with assets being in the form of a home or cash and with no dependents. Thanks in advance.

[agem 0]

If you are ready and have been approved in Rome, I'd suggest writing Naples and asking specifics. However, from what they have advised, assets in Italy cannot be counted. Only assets in the US or if you can prove the assets in Italy are sold/being sold and the funds are being transferred and can be transferred to the US within 12 months, can be used.

I don't know your situation but if you can't demonstrate that the assets in Italy are in the process of selling or transferred to a US back, then I'd get a joint sponsor.

[Darnell 8,478]

I thought the rule for the USCitizen is 1/3, not 1/5.

So that's 3X 125%, not 5X 125%.

Please take another look ?

Edited November 11, 2013 by Darnell

[Dbkrantz 16]

For a US citizen sponsoring a spouse, it is 3x125%.

I did it on assets only and with no co-sponsor. All of my assets were in Europe and were taken into account. As long as they are available in less than a year, that they are no capital rules blocking the money and that it doesn't cause financial hardship, then they are taken into account.

Feel free to write if you have any questions about that,

Deborah