If you want a bail bond, you need to know how they work. There are three types of bail bonds – surety, cash, and property. Depending on the kind of bond you need, you can find the best glue to suit your needs.
Cash Bail Bonds
Cash bail bonds incentivize a defendant to show up in court. This type of bail is generally only granted to wealthy individuals. It can also be imposed on defendants who pose a flight risk.
Cash bail is money paid upfront to the court to guarantee that the defendant will show up for all their court dates. The amount can range from several hundred dollars for misdemeanors to hundreds of thousands of severe felonies.
A person can post a cash bond on their behalf or hire a bail bond agent. Generally, a bail bond agent will charge 10 to 15 percent of the total bail amount.
To post a bond, the person must fill out a form and make the appropriate payments. The money will then be returned after the court date. However, this process can take up to two weeks.
Before you post a bond, you should read the forms carefully to find all the options of bail bonds West Chester PA, available. Your bond may be forfeited if you do not read the conditions correctly.
You should also be aware that some courts consider property bonds as appearance bonds. In this case, the property is used as collateral. However, only some states allow this type of bond.
Property Bail Bonds
Property bonds are a way of getting someone out of jail without using cash. The process is complex. It involves a lot of paperwork and takes a lot of time.
Using a property bond can save you a lot of money, but many risks are involved. For instance, the house you put up as collateral could be seized by the court if the defendant fails to show up for court. If this happens, your loved one may lose the house.
To post a property bond, you must ensure the property’s value is at least twice the bail amount. You will also need to get a co-signer willing to promise to return the full bail amount if the defendant fails to appear in court.
To secure the property bond, you will need a bondsman. A bondsman is a company that can help you to post a bail bond for a fee.
A bondsman will help you find and collect the bail money from the defendant. He will also cover the remaining balance on the bond for you. Some agents will even provide GPS tracking systems to keep track of the person’s movements while in custody.
Besides securing the bail, you will need to complete complex forms and ensure the paperwork is correct. This can take a few weeks to complete.
Surety Bail Bonds
A surety bail bond is a legal intervention that involves more than one party. It is a financial agreement between the defendant, a surety, and a bonding company. While it may be considered a one-sided deal, it is an arrangement that ensures that the principal will follow through on the requirements of the law.
Surety bonds can be an excellent way to get out of jail. However, only some people can afford to pay the total amount. The amount of bail will vary depending on several factors, including state laws. Sometimes, a judge may exercise discretion to determine the bail amount.
For a small fee, you can obtain a surety bond. This form of loan allows you to get out of jail while a trial takes place. You are not required to pay the total amount of the bond, but you must return to court at the appointed time.
You can request a cash bond if you cannot afford to pay the bail amount. This is a lesser-known method of getting out of jail. Although it is similar to a surety bond, more risk is involved.
Unlike a surety bond, a cash bond does not require a friend or family member to help you escape jail. Instead, the bondholder takes a certain amount of risk by posting the bail himself.
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