One byproduct of recent events is the many people that are losing their jobs. The subset that I discuss here involves foreign nationals working within the U.S. This fallout is being caused by a perfect storm launched by COVID-19, generated by U.S. Government regulations, and contributing to the real estate market downturn.
Over 140,000 highly-skilled, intelligent, graduate-level foreign nationals have lost their jobs in the U.S. as a result of the pandemic quarantine. About 10% of this segment was working in crucial jobs that have made America strong, especially in California’s Silicon Valley, the center of worldwide Information Technology.
Government immigration rules require that, upon loss of their jobs, they must find another employer to sponsor and hire them within a 60-day grace period – or they must leave the country. If they own a home or other real estate, they must leave it behind and attempt to manage it from afar, which is no easy task.
In normal circumstances, this all works out reasonably well. But right now, because of all the extraneous circumstances, large numbers of people have lost their jobs. Instantly, so many people have been affected with no other choice but to leave the country. They are unemployed with little opportunity for another job in the U.S. They must leave and leave everything behind. They must also keep up the payments on their real estate, automobiles, taxes, and such…from distant countries, then set up home and live their lives, all without a job.
You probably know someone in this position. Here are the details, and at the end, I offer a place to seek solutions. You can help others and be the hero by sharing this article on your Facebook, LinkedIn, Instagram and other social media…or email it to everyone you know. There is hope!
- Definition of H-1B
This visa is a non-immigrant visa that allows US companies to employ graduate-level workers in specialty occupations that require theoretical or technical expertise in specialized fields such as in IT, finance, accounting, architecture, engineering, mathematics, science, medicine, etc. The US employer petitions for the H-1B Visa in the US which has a duration of up to 6 years. More Info here.
- H-1B recipients must leave the USA within 60 days of losing their H-1B job. USCIS allows a grace period of up to 60 days for non-immigrant workers in E-1, E-2, E-3, H-1B, H-1B1, L-1, O-1, and TN status.
- H-1B 60 days Grace Period Meaning: The H-1B 60 days grace period means that you will not be considered “out of status” for almost 2 months after your unemployment. This will give you the opportunity to look for another employment or apply for a visa change of status.
- More “Strange Times” Difficulties
LAYOFFS: In response to compliance with various government directives connected to restricting the spread of the pandemic, most businesses have laid off the majority or all of its employees. Because of these actions, almost everyone in the USA with an H-1B visa is affected one way or another. Most have been unemployed for close to 60 days and will have to leave the country very soon.
EXTENSION: The hope of many affected people is the possibility of an Extension of Stay/Change of Status Filing Delays Caused by Extraordinary Circumstances Related to COVID-19. This process is cumbersome at best, and in the light of government office shut downs, simply not happening.
Although it is possible that government officials may extend this timeframe to over 60 days, it’s doubtful. Job losses and economic impact on most businesses have already compromised any possibility of success during these times. Because there are very few applicable jobs that will remain, most of these visa holders will not be able to remain in the U.S.
Difficulties that occur in life often involve real estate. They may be any personal or business reason or a calamity such as the governmental regulations and the H-1B situation discussed above.
Property Assistance Realty Trust offers solutions by refering to and coordinating with Private Trusts that are set up to help any U.S. property owner who is facing difficulties by either buying the property from the owners or managing the property for the owners. These trust arrangements can be completed on any real estate or personal property. They can be set up in any market: rising, stable, or falling. Usually within several days, sometimes within a day or two. There is no formula to determine how long the process will take as each situation has its own set of unique circumstances.
You can be a hero to someone by sharing this article with them. You can help by sharing with your Facebook, twitter, Instagram, LinkedIn, or other social media account. Don’t forget to share with your realtor, accountant, attorney, social worker or other professional so that they can also help others.
For further information and options on what to do, go to: https://propertyassistancerealtytrust.org/personaleconomiccrisis
I’m here to help you to fulfil your dreams & goals,
So, I’ll See You Over the Top!
– Alan David Kosinski, Life Extraordinaire
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In each future article I’ll take you closer to more abundance through empowering and educational articles. Until then, see if you can discover ways to immediately implement what you learned from today’s message.
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