Types of Bail Bond Collateral
Atlantic Bail Bonding Blog
by Atlantic Bail Bonding
2y ago
When thinking about a bail bond, most people immediately think of money. Currency is certainly a good option for posting bail, but if someone is short on cash, there are other options. Sometimes, you can offer collateral directly to the courts, while other times you may need to work with a bond company. Bond companies charge a fee. But if you can’t afford this fee, you can possibly set up a payment plan, and the collateral can be used as backup. Here are some of the most common forms of collateral used for bail bonds. Vehicles Courts will not take a vehicle title to use as collateral for bail ..read more
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What Is a Property Bond?
Atlantic Bail Bonding Blog
by Atlantic Bail Bonding
2y ago
Generally, cash is used to pay bail, but in some cases, property can be used to bail a person out of jail. A bail bond agency charges 10% of the premium payment, so those who do not have sufficient funds available may not be able to pay that amount. When that is the case, individuals can consider a property bond if they own property. What Is a Property Bond? When using a property bond, the bond amount is guaranteed by the equity of owned real estate in the same state. Usually, a minimum equity of 1.5–2 times the amount of bail is required. This equity can come from a personal residence, a comm ..read more
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Difference Between a Cash and Surety Bond
Atlantic Bail Bonding Blog
by Atlantic Bail Bonding
2y ago
Cash bonds and surety bonds are not one and the same. Though many people assume all bonds are fairly similar, the truth is that there are substantive differences between each type. Let’s take a look at how cash bonds differ from surety bonds. Cash Bonds Cash bonds are paid in cash to the judicial system. The payment of a cash bond bails the individual in question out of jail. However, this payment will likely be retained by the court unless the defendant returns to court on the scheduled date and time. Cash bonds are typically paid in person or on the web through actual tangible cash, a credit ..read more
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What Does Bail Mean?
Atlantic Bail Bonding Blog
by Atlantic Bail Bonding
2y ago
Chances are you have heard or read about bail, yet you might not understand what this word truly means in the context of the law. Bail is an essential component of restoring an individual’s freedom and quality of life after being charged with a crime and jailed. Every United States citizen, regardless of his or her age or other demographics, should have a thorough understanding of bail. Breaking Down Bail in Layman’s Terms If you were to ask an attorney or judge to explain bail, you would likely be inundated with legalese you do not fully understand. Atlantic Bail Bonds is here to explain bail ..read more
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How to Bail Someone Out of Jail
Atlantic Bail Bonding Blog
by Atlantic Bail Bonding
2y ago
It’s never good news to hear that someone you care about is in jail. Still, when that happens, you need to know what to do. Most of the time, the first step is bailing them out of jail. If you don’t know how to do that, these steps will show you the way. Get the Key Details Before you can post bail, you need to know some key details about the person and their situation. First and foremost, you need to know where they are being held. You also need to know how much the bail is and the specific charges being filed. You will also need information about the person, including their exact legal name ..read more
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How Is Bail Amount Determined?
Atlantic Bail Bonding Blog
by Atlantic Bail Bonding
2y ago
When someone is arrested and incarcerated for a crime in the state of Florida, that person may be able to obtain a conditional release from jail by posting bail. But it’s important to note that not every defendant qualifies for bail. Typically, those who do qualify have their bail amount set within 24–72 hours of the arrest, or in some circumstances, they must request a bond hearing to obtain a bail amount. Regardless of the method by which the court sets bail, the dollar amount of the defendant’s bail is related to the type and severity of the alleged crime. Read on to learn how the court dec ..read more
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What Is an Indemnitor?
Atlantic Bail Bonding Blog
by Atlantic Bail Bonding
2y ago
An indemnitor is the individual who cosigns a bail bond. This cosigning is done in support of the defendant who is charged with a crime. Cosigning for a bail bond has significance in the context of the law as it makes the person legally and also financially responsible for ensuring the defendant shows up to court appearances and adheres to the directions of the court. Let’s take a closer look at what being an indemnitor really means. The Role of the Indemnitor in the Context of Bail As an indemnitor, you agree to take full responsibility for the bond’s face amount should the defendant not appe ..read more
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How to Post Bail
Atlantic Bail Bonding Blog
by Atlantic Bail Bonding
2y ago
Being arrested and put in jail can be a traumatic experience, especially if you are innocent. Thankfully, you won’t have to spend much time in jail if you post bail. Atlantic Bail Bonds is here to help you post bail and get out of jail as quickly as possible. However, if you are like most people, you don’t understand what the bail-posting process entails. Here is a quick look at how to post bail and why it is in your interest to do so. The Basics of Posting Bail Posting bail means paying the bail amount in full. Ideally, this money will be paid as soon as possible so you can leave the cramped ..read more
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What Happens If the Defendant Gets Rearrested While Out on Bond?
Atlantic Bail Bonding Blog
by Atlantic Bail Bonding
2y ago
When you bond someone out, you’re essentially promising that they are going to make their court date. Otherwise, you (and they) will become responsible for the full amount of the bail. But there are situations that can prevent someone from attending court. One is getting rearrested. What Happens When Someone Gets Rearrested? First, it’s important to understand that not all jail systems “talk” to each other. You can’t assume that the jail that arrested your friend or family member “knows” that they have a court date. You also can’t assume that the court will be aware they are in jail. When some ..read more
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Considering Cosigning a Bail Bond? What You Need to Know
Atlantic Bail Bonding Blog
by Atlantic Bail Bonding
2y ago
If you get a call from jail and a friend or family member has been arrested, you may be asked to cosign for a bail bond. If you want to help your loved one get out of jail, you can do so. But cosigning a bail bond has long-term responsibilities and financial obligations. Make sure you know what you’re getting into before you sign on the dotted line. What Cosigning a Bail Bond Means When you cosign a bail bond, your name is added to the jailed friend’s name on a legal document. This document says the accused will be released from jail until the charges can be decided on by a judge. By cosigning ..read more
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