Proving affidavit of support through assets without a sponsor

[Thesmiths2016 117]

Hi all. I had posted a few months ago as we were going to prove affidavit of support with assets (cash) and therefore did not require a sponsor.  Due to the exchange rate changes of late, our funds will be cutting it fine to make the required 3 x poverty line requirement.  
We do however have a car here in NZ which we plan to sell before we leave, but don't have the funds from this sale at the time we will submit our documents.  Can the car be used as "assets" if I print a current valuation of the vehicle and provide ownership papers?  OR is it only assets which are in the USA which can count for physical assets owned?

I'd love to hear from others who have done assets as their affidavit of support.   We are both currently abroad.

[NancyNguyen 1,657]

Practically, your only vehicle/house can't be assets.

[Thesmiths2016 117]

Hi Nancy
Thanks, but because the vehicle is here in NZ, when we move to the USA it wouldn't have gone with us anyway.  Therefore it wouldn't be something that would cause hardship when sold... as it wouldn't be with us :-)

[Transborderwife 4,666]

2 minutes ago, Thesmiths2016 said:

Hi Nancy
Thanks, but because the vehicle is here in NZ, when we move to the USA it wouldn't have gone with us anyway.  Therefore it wouldn't be something that would cause hardship when sold... as it wouldn't be with us :-)

I'm unclear on this, I believe that the rule is it must be convertible into cash within one year

[pushbrk 12,096]

21 hours ago, Transborderwife said:

I'm unclear on this, I believe that the rule is it must be convertible into cash within one year

 

The applicable rule is that the only car you own, doesn't count as a liquid asset.  If your cash at least meets the minimum when you submit to NVC, it will go through to the Consulate.  I would sell the car before the interview then and take an updated I-864 to the interview.

[Thesmiths2016 117]

7 hours ago, pushbrk said:

 

The applicable rule is that the only car you own, doesn't count as a liquid asset.  If your cash at least meets the minimum when you submit to NVC, it will go through to the Consulate.  I would sell the car before the interview then and take an updated I-864 to the interview.

Thanks for your advice, I'd never thought of taking an updated i-864 at the interview when we have more funds!

[Thesmiths2016 117]

Sorry one more question ... with the affidavit of support and proof of funds ... its the petitioner (my husband the US citizen) whom they want to know has access to that much money, is that correct?  Or is it myself the principal applicant?  Just wanting to make sure bank accounts reflect the right access.
Also, do I need letters from the bank confirming access for him/myself, or are bank statements/online print outs enough?

 

[Thesmiths2016 117]

I forgot to add, bank statements/online printouts and current exchange rate printout from a reputable site.

[Empress200735 6]

Hi

 

in my own case my husband (USC) did not have sufficient funds. Therefore I( UKC) had to demonstrate that I would have sufficient funds to be able to access in the USA. It is important both or either of you are able to demonstrate evidence of financial support.

[Lemonslice 4,549]

On 1/2/2017 at 1:42 AM, Thesmiths2016 said:

I forgot to add, bank statements/online printouts and current exchange rate printout from a reputable site.

Reputable site = Federal Reserve Foreign Exchange Rates https://www.federalreserve.gov/releases/h10/hist/

[mallafri76 1,012]

You're in NZ so no, it doesn't matter who's name is on the assets.

 

You need to show that the assets have been in your possession for at least a year. We used a letter from my bank along with a stock portfolio analysis. 

 

I'm with pushbrk, sell the car just before the interview and bring an updated I-864. 

 

Just remember that you usually need to be a bit over the minimum asset limit to make the CO happy. 

[Thesmiths2016 117]

8 hours ago, mallafri76 said:

You're in NZ so no, it doesn't matter who's name is on the assets.

 

You need to show that the assets have been in your possession for at least a year. We used a letter from my bank along with a stock portfolio analysis. 

 

I'm with pushbrk, sell the car just before the interview and bring an updated I-864. 

 

Just remember that you usually need to be a bit over the minimum asset limit to make the CO happy. 

Thanks, I think I'll take the advice of both yourself and pushbrk :-)  Yeah currently we're about $5K over the requirement, and trying to add a little more (basically spend less haha)  Trying to sell business assets sooner rather than later too so we can add another $3K or so.  Fingers crossed the exchange rate doesn't tank on us as some is in the USA but the rest is Aussie and NZ dollars!