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.
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