Using assets for affidavit of support vs. income

[iona.anjali 0]

Hello, was just wondering if anyone has any experience with using assets for the I-485 adjustment of status, after going through the K-1 visa process. My parents are willing to co-sponsor my fiance in the case that I cannot meet the 125% mark after we get married, but they do not have any income, only the asset of their home, which they own outright. I calculated and it is valued at far more than what we'd need to meet the criteria and there is no mortgage. If I can show that I am close the the 125% mark, and have them file as a co-sponsor with asset only and no income, could this be feasible? I asked a few lawyers and they wanted to charge a LOT to do it this way so I thought to ask here if anyone else has experience with this! Thanks in advance for any advice or help!

[Adil & Jeanne 296]

In order to qualify based on the value of your assets must egual 5 times the difference between your household income and currenty poverty quidelines for household of your size

This page will help

http://www.***removed***/affidavit-of-support/using-assets-meet-income-requirements.html

[EM_Vandaveer 2,369]

Primary residence I believe does not count because it's undue hardship to liquidate it. I may be wrong about this. Either way. if real estate is used, an appraisal will be needed.

Edited October 8, 2016 by EM_Vandaveer

[iona.anjali 0]

Thank you so much for the help! I spoke with several lawyers on it, and they merely said it was more difficult and would require a higher fee to do it (which I wouldn't be able to pay!) It was recently appraised and the value would work just fine for our needs. If primary residence cannot be used though, that is something to really think about.