If you've found yourself in a bind due to your finances while trying to bail a loved one out of jail, this article may be perfect for you. The Santa Ana Bail Bonds agents at Bail Express Bail Bonds have helped dozens of co-signers just like yourself.
Not enough time to read this article? Contact Us today and we'll help you out within minutes. Can I Use My House As Collateral For A Bail Bond That Is Too Expensive For Me?
If the defendant that is currently in jail is facing serious felony charges or a series of multiple cases, he or she may be facing a bail bond amount that far exceeds other inmate's bail bonds.
For example, if an individual is arrested and held in custody with a bail bond amount of $250,000, the premium that is owed will be anywhere from $18,000-$25,000. But if you don't have that type of money available at the moment, a home-owner that is willing to cosign for the defendant's bail can place their house up as collateral in exchange for the $18,000-$25,000 that is owed. BUT This doesn't mean that you won't need money down in order to get the individual out of jail. A house can be used as collateral when you are unable to pay the entire amount of the bond and in the instance where you only have a partial payment towards the premium. The Santa Ana bail bonds agents at Bail Express Bail Bonds have posted thousands of bond transactions with the local county jail and are highly experienced in processing collateral bonds regardless of the amount. What Happens To My House If The Bail Bond Client Doesn't Go To Court?
If it comes to this, our company will pull all legal documents that were used to place a lien on your property and follow the legal process to take over ownership of your property.
All equity and profits made from selling the home will be used towards the forfeited bail bond financial balance with the local courthouse. Contact an Orange County Real Estate Agent for additional information on your home. How Can I Prevent My House From Being Taken From Me?
After a defendant has skipped bail, the courthouse will give our bail bond company 6 months to apprehend and place the defendant back into custody. If we are unable to do so, we will be forced to sell your home for the money owed to the courthouse.
In order for you to keep your home there are a few things that you can do to help our Santa Ana bail bond company out. Those options would be:
Contact Us For Your Orange County Bail Bond Needs
Bail Express Bail Bonds
1111 Town and Country Rd #42, Orange, CA 92868 (714)564-0140
8 Comments
9/24/2018 03:01:33 pm
I think everyone at some point in their life experiences emergency situations. Legal trouble can be some of the most stressful challenges. It is during these times that it is good to know your options on bail. For instance, I had no idea that you could use your mortgage as collateral. 8/16/2019 03:25:06 pm
My brother is facing a felony charge because he was accused of homicide. As far as I know, we don't have that money at the moment, so I might give the bail bondsman that I'll hire my property as collateral. Thanks for saying that I can use it for his partial payment so that he can see his son again. 12/16/2019 08:56:59 am
It made sense when you said that the bail bond premium for felony charges can be as much as $25,000. My brother in law was arrested over the weekend for burglary charges. Thanks for giving me a better idea of what to expect from working with a bond agency to bail him out! 2/5/2020 11:21:45 am
I'm glad you explained that we can use a house as collateral as long as we're able to make a partial payment towards the bond amount. My husband and I are looking for a good bail bond service because my sister-in-law was arrested for drug crimes yesterday. Thanks for helping me feel prepared to discuss our collateral options with a bail bond service. 5/15/2020 01:57:13 am
Wow, I didn't know that we can actually put our house as collateral if we can pay the amount partially. My son was charged for sexual assault yesterday and we were so worried about bailing him out. I will definitely talk to my husband and find a good bail bond service to help us out. 6/25/2020 12:52:02 pm
Thanks for explaining that houses can be used as collateral if we don't have another way to pay the amount of the bond in full. My husband and I need to do some quick research about bail because his younger brother was arrested for selling illegal drugs on the street last night. I appreciate you sharing this info about the options we'll have as we start working with a bail bond service! 1/29/2021 01:28:04 pm
Thanks for explaining how a house can be used as collateral for a bail bond if you can't pay the entire amount of the bond and only have a partial payment for the premium. My neighbor was recently arrested, and he needs bail because he has some family responsibilities he needs to take care of in a few weeks. I'll tell my neighbor that he can use his house as collateral because he doesn't have a lot of money. 2/9/2021 06:13:58 am
Thank you for reminding us that it is possible for us to put our house up in a bails bond situation. The other day my wife shared that her uncle is facing multiple felony charges. I will share with her about this possibility as maybe it can help him. Leave a Reply. |
RSS Feed
