How To Get A Bail Bond?
So, if a $1,000 cash bail was paid and the defendant failed to seem in court docket, the complete $1,000 will not be returned to the payer. Or, let’s say a house is used as collateral in a secured bond and the defendant fails to look. The court docket can foreclose on the house and use the proceeds from the sale to recover the bail quantity. Bail bond agents usually acquire a payment of about 10% to fifteen% of the whole bail. So, assuming the court docket sets bail at $5,000, the defendant, or someone on their behalf, can pay the bond agent $500 (assuming the payment is 10%), with the agent now appearing as a surety on the defendant’s behalf. A secured or property bond is a type of bail in which the defendant gives the court docket a security interest in personal property equal to the worth of the bail amount. For instance, whenever you purchase a car by use of a automotive mortgage, you’re giving the lender a safety interest within the automobile.
How A Bail Bond Works
Just as with bail cash paid to the courtroom, after the conclusion of the case and all circumstances of bail being met, the bail bond agent will return the collateral and release any liens placed on a property. However, the agent’s payment (the 10% to fifteen% of the total bail quantity) will not be returned, regardless of the end result of the case. … Read More