Bail Bonds Collateral in California

Aug 28, 2012 | Bail Bonds | 0 comments

Bail amounts vary based on a number of different factors. Some of these factors include whether or not the defendant has ever had previous arrests, the severity of the crime, and if they pose as a flight risk. These factors could result in a higher amount dollar amount required for bailing someone out. In these cases, if the dollar amount that is required exceeds what you have readily available, collateral may be taken as a form of bail. Some forms of collateral that may be accepted include credit card payments, assets on paper, vehicle titles, mortgage deeds, etc.
If the defendant or the person bailing them out is a homeowner, the house or property can be used as collateral. The courts will require proof of ownership before agreeing to the use of the home for collateral. Even if the person you are bailing out is your closest friend or family member, think long and hard before offering up your home for bail. Keep in mind that should the defendant decide to leave the area or skip their court date you could ultimately lose the property. After the court date is missed, there will be a summary judgment. This means that there will be a 180-day time period to allow the defendant to set another court date. If the time period passes without the new court date being arranged, all collateral will be forfeited.
A better and safer solution is to go through a bail bondsman. At Remedy Bail Bonds, collateral isn’t necessary in getting a bail bond for the amount you need. They provide fast and easy bail bonds for a low premium of only 10% of the total bail. As long as the defendant attends court as ordered, the premium will be the only dollar amount owed. If by chance they leave the area and fail to appear in court, you will remain financially responsible for the entire bail amount as well as any additional charges, however your home or property won’t be at risk of being taken.

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