The Process of a Bail Bond
About bail bonds
In order to allow a person who has been arrest to be released, the judge will decide the amount for bail.
It is in the law that a bail bond company can offer bail bonds, which means that the entire amount for bail will be paid for if the defendant fails to attend their hearings.
Typically when somebody gets arrested, they are held in jail and will wait until their next court hearing date arrives, otherwise they may opt to be released through bail.
For bail, a set amount of money shall be decided by a judge when a bail hearing is happening and the money is used as insurance or a promise between the defendant and the court.
Unfortunately, bail can be very costly and many of us do not have that money lying around, but thankfully a defendant can seek the help of a bail bondsman to get them out of jail.
A company that offers bail bonds will be the ones to get you an agent to bail out your loved one.
Bail bondsmen pay for the bail and normally ask for about 10-20% of the total bail amount in return as a payment.
Collateral can be anything from the form of houses to cars, as long as it offers valuable property. This collateral is required by most bail bond agents before they will post bail.
Legit Facts About Bail Bonds
How a Bail Bond Functions
Bail bonds are a form of surety bonds, they are given by surety bond companies and the services are done through their agents, which are also called bondsmen, to post bail for the defendant using the two kinds of bail bonds.
Surety bonds are a form of “promises” hence why a bail bond can be considered a surety bond to release the defendant.
Bail bonds basically mean that the money given was used to promise that the defendant will always arrive at the court when needed, otherwise they will go back to jail.
A form of legal bond that let’s a person be released from jail is called a bail bond.
If a defendant is awaiting trial and they don’t want to stay in jail for that time, they may opt to get a bail bond to be released.
Basically, bail is a part of the law that lets a person who has been accused be released from custody for the duration of their trials until their sentence has been decided.
If a person has been arrested for criminal charges, the judge will allow a certain amount of money, real estate, or bail bond to be given to release them from jail but they must still attend their court hearings.
A financial agreement that is made between the one who is accused of a crime and a court is called a bail bond.
A written promise, or a surety bond or bail bond, is made by a defendant along with a bail bond agent to promise that they will attend all of their trials whenever they are summoned.
The Variety of Bail Bonds
The Different Forms of Bonds
Facts on Surety Bonds
A very common type of bond is a surety bond.
It is normal for a bondsman to ask you for collateral for a majority of the bail amount, and that collateral is usually in the form of property, such as a house that is under your title or jewelry, it may even be cash.
A form of bail bond that only requires their signature or “promise” can be offered depending on the defendant’s case.
A surety company will give guaranteed bonds, which is why they are known as surety bonds.
The Basics of Cash Bonds
The bail amount is set by the court and the cash bond can be paid for by the accused or by someone else who’s willing to do it on their behalf.
Info You Need to Know About Appeal Bonds
If a defendant chooses to appeal to being guilty, it is going to be a long process. Their lawyer can request the court for bail to allow the defendant to stay at home while they attend their hearings.
Appeal bonds typically only accept payment in the form of cash, and that can be paid for with real cash, a check, or a deposit depending on what the court will allow.
Facts on Immigration Bonds
Immigration bonds hold a lot of the same aspects as a surety bond but they are usually a lot more complex compared to a typical surety bond.
If a person were to post an immigration bond, they will have to post it at Immigration and Naturalization Services because it won’t be accepted in the jail itself.
A bail bond agent may require you to give them a special license such as a valid property license before they can begin the case.
With an immigration bond, bail immediately gets forfeited to the court once the defendant doesn’t arrive to their court hearings, however a surety bond has some leeway time for the person to turn themselves in to avoid forfeiting the bail.
THE OPTIONS YOU HAVE TO PAY BAIL BONDS
How You Can Pay for Bail Bonds
The bail bonds that we have are willing to accept cash up front but we know that this may not be easy for many families to get right away.
PAYMENTS USING A CREDIT CARD
Bail bonds can be easily paid for by using a credit card, that way it can be charged and paid for in installments rather than one big payment.
A simple phone call and a payment for the bail using a credit card is one of the quickest ways to get the bail process started.
GIVING A MONEY ORDER
You might have the cash available, but going around town with that amount of money isn’t comfortable. You may opt to bring a money order with you instead.
PAYING THROUGH A WIRE TRANSFER
You may opt to do a wire transfer as well if you are not able to come to us in our office.
USING A CHECK
On certain occasions, a check may be used as payment for bail bonds.
REAL ESTATE LIENS
People who have been accused of serious crimes can have a very large amount of bail to pay for. This is why collateral may be needed in the form of property to secure the rest of the amount.
Bails that hit six digits can normally be covered with real estate liens.
WAYS YOU CAN PAY
There are some families who will struggle to pay for 10% of the bail because of the amount.
Bail bond fees can be high and some clients don’t own credit cards or have a big credit line available.
HOW A PERSON POSTS BAIL
How You Can Post Bail
To post for bail, you must either pay for the entire amount of bail set by the court or at least a certain amount of it.
If you don’t want to pay in cash directly, you can choose to pay through a money order or a check.
A document or an order will be given after the bail has been posted so the defendant can be released.
To help you pay for the bail bond, you can seek the help of a bail bond agent.
10-20% of the bail amount should be given to the bail bond agent for the service fee.
If the defendant isn’t present at their hearings, a bail bondsman will be the one to pay for the rest of the bail amount.
WHAT HAPPENS FOR UNPAID BAIL BONDS
Failing to Post Bail Bonds
On the off chance you don’t pay your bondsman, they can completely revoke the bail bond.
If you break the agreements in the contract by not paying the bail bond agent, you can be charged with a civil violation or worse, you could get your bail bond taken away.
You can lose your bail and be placed back in jail if you fail to pay for the 10-20% fee required by the bail bond agent.
WHAT MAKES BAIL DIFFERENT FROM BONDS
What Makes Bail different from a Bond
Bail is basically a certain amount of money set by the court that must be paid through a bond.
Once the trials are over and the requirements have been fulfilled, the bail money will be given back.
A bond basically means the bail agent promises that they will pay for the rest of the amount needed if the defendant doesn’t show up.
In a bond, a third party has to be present to be liable if the defendant doesn’t meet their obligations.
The non-refundable fee for the services of a bail agent must be paid.
The main difference between bail and a bond is where the money came from.
A sum of money that a defendant has to pay to get freed from jail is referred to as bail.
The bail money can be revoked if the defendant doesn’t appear in court.
If you post bail, you will be released from jail.
Not many defendants have the required amount of funds to pay for bail.
However, a bail bond can come in handy.
Bail bond companies offer bonds, which is bail money.
Collateral will be needed to secure the loan in the form of property, like a home or car.
Bail bondsmen require at least a 10% fee for their services.
If the defendant doesn’t appear in court, the bail agent will be the one to pay for the rest of the bail.
The court is fine with this because the defendant will be at a loss if he doesn’t arrive.
HOW MUCH BAIL BONDS WOULD COST
Bail Bond Prices
The bail bond agent will need you to pay a fee of about 10-20% of whatever the entire bail amount is.
Depending on the person and the case they have, the fee is normally set at about 10%.
With a personal guarantee or a signature, you can already secure a bail bond.
Collateral is normally asked for and will be kept until the trials are over and if the defendant follows what is needed.
You can get your collateral back as long the defendant does what they promised.
LEAVING A BAIL BOND – COSIGNERS
Getting Out of a Bail Bond
A cosigner will have to guarantee that they can pay for the full bail amount and will also be responsible for the defendant once they’ve been released from jail.
HAVING YOUR BAIL BOND CASH RETURNED
Returning Bail Bond Cash
Once the person is out of jail and the bondsman has been able to post bail, you will earn bail premium.
The bail agency earns by getting a premium paid once the services for your loved one have been achieved.
That explains the 10% nonrefundable fee that you were charged with.
Collateral or money can be returned once the trials have been completed.
Normally, it would take a few weeks or longer for the money to go through however this depends on where you live.
Once the trial is over in a federal court, the money is not returned immediately.
To get the valuables back, the payer will have to file a petition to the court to ask for their property and/or money back.
An administrative fee will be taken as well for the court.
If you got a bail bondsman, then you will need to give them the premium required along with collateral.
The agent will keep 10%, however if the defendant does what they need to do, they will get the collateral back.