URGENT: Turned down because not enough funds
Jan 25th 2019, 4:10 pm
#31
Joined: Apr 2005
Location: Milwaukie, Oregon
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Re: URGENT: Turned down because not enough funds
Having equity in a property in the UK is not going to support you and wife if you arrive in the US and don't find jobs for a few months. 20K is likely to go on deposits for rent if you have no credit history in the UK.
Personally, I could never figure how having equity, based on a property yet to sell, was regarded as adequate resources if one did not have income or cash savings to support oneself.
Personally, I could never figure how having equity, based on a property yet to sell, was regarded as adequate resources if one did not have income or cash savings to support oneself.
Jan 25th 2019, 5:20 pm
#32
Lost in BE Cyberspace
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Re: URGENT: Turned down because not enough funds
Just depends on the agent.
Jan 25th 2019, 8:37 pm
#33
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Re: URGENT: Turned down because not enough funds
Might also have something to do with the fact that the property market in most of the UK is incredibly slow (if not dead, in some places) thanks to Brexit. So perhaps there is no longer the confidence in being able to sell a UK property in any decent timeframe and that's the why equity wasn't acceptable when it probably would have been a couple of years ago?
Last edited by christmasoompa; Jan 25th 2019 at 9:52 pm.
Jan 25th 2019, 8:54 pm
#34
Often not so civil...
Joined: Apr 2010
Location: The Boonies, GA
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Re: URGENT: Turned down because not enough funds
If they can gift you money, can they also afford to be a joint sponsor? Just getting them to sign up for that is so much simpler than the mental gymnastics about a loan versus gift that is being done here.
Jan 25th 2019, 11:23 pm
#35
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Re: URGENT: Turned down because not enough funds
Rene
Jan 25th 2019, 11:30 pm
#36
Often not so civil...
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Re: URGENT: Turned down because not enough funds
I missed that part.
Jan 26th 2019, 8:18 am
#37
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Joined: Apr 2001
Posts: 46,484
Re: URGENT: Turned down because not enough funds
The OP never said if they brought an appraisal of the property to the interview. Nor have they said they are willing to sell. Nor did they say that she has the type of mortgage that will allow her to rent out the property. Too many variables and too much left open for the CO to accept the equity as an asset for the I-864.
Jan 26th 2019, 8:41 am
#38
Joined: Apr 2005
Location: Milwaukie, Oregon
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Re: URGENT: Turned down because not enough funds
Jan 26th 2019, 8:47 am
#39
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Re: URGENT: Turned down because not enough funds
Hard to tell unless you were to go back to his first post and I'm fairly certain the "flat" is in London and not in the US.
Jan 26th 2019, 8:49 am
#40
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Re: URGENT: Turned down because not enough funds
Property in the USA could be used if it's a second home; not the home they're going to live in once inside the USA.
Rene
Jan 26th 2019, 8:49 am
#41
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Re: URGENT: Turned down because not enough funds
Why would US property not be able to be used? If the immigration rules allow the equity of a property to be used, and then, once in the US, one had to liquidate property to support oneself, it would be easier if the property was in the US. ??
Jan 26th 2019, 8:53 am
#42
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Re: URGENT: Turned down because not enough funds
The property is in the UK........ the only other asset the OP offered was 20K USD in savings - which does not meet the 125% of poverty level - 20,575 USD for two people.....
Why would US property not be able to be used? If the immigration rules allow the equity of a property to be used, and then, once in the US, one had to liquidate property to support oneself, it would be easier if the property was in the US. ??
Why would US property not be able to be used? If the immigration rules allow the equity of a property to be used, and then, once in the US, one had to liquidate property to support oneself, it would be easier if the property was in the US. ??
Jan 26th 2019, 8:56 am
#43
Joined: Apr 2005
Location: Milwaukie, Oregon
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Re: URGENT: Turned down because not enough funds
Jan 26th 2019, 9:00 am
#45
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Re: URGENT: Turned down because not enough funds
Yes, of course I understand that a main residence cannot be used ..(selling it would make homeless - an even worse scenario) .. but equity in another property can be used by the sounds of it.
