Property Bail
Using Your Own Property to Secure Bail
A bail bond is provided by a bail bondsman to allow an accused defendant to be released prior to his or her trial. The purpose of a bail bond is to ensure that the defendant will appear in court at the scheduled time. Before the posting of a bail bond, either the defendant or a co-signer must guarantee that they will pay the full amount of bail if the defendant fails to appear in court. This can be paid by handing over the deed or title to certain property that is valuable enough to cover the bond.
Once the defendant's case is concluded, the bail bond is exonerated or otherwise released. However, if the defendant fails to appear in court and "skips bail," the bond money is forfeited unless the defendant is apprehended and returned to custody. The court may order the bond money forfeited upon the defendant's failure to appear and comply with the conditions of the bond. If the defendant is ultimately located and arrested by the bail agent, then the cosigner is held responsible for all expenses incurred by the bail agent while looking for the defendant.
Secured Vs. Unsecured Bonds
There are different types of bonds which fall into the categories of
secured and unsecured bonds. In some cases a defendant may be released "on his own recognizance," but in most bond cases it will involve either a cash, property, or a surety bond. While
cash bonds, generally referred to as "bail" involve the payment of cash to the court, property bonds offer title to the defendant's own property, which is forfeited in the event of noncompliance by the defendant. With a surety bond a third party agrees to be responsible for the debt or obligation of the defendant.
Contact A Trusted Bail Bonds Service in Osceola County
Essentially, bail and bond are similar terms that refer to the requirement imposed by the court that a defendant provides a financial backing to their promise to show up at all court-ordered appearances. Were you or someone you love arrested in Florida? At 365 Bail Bonds, we are available to assist clients all throughout Orange and Osceola County with all of their bail bond needs. We know that when clients come to us they are in an extremely vulnerable position where they need knowledgeable and professional guidance fast. We are licensed professionals who take our job very seriously. You probably have a lot of questions right about now and we're here to make the bail bond process as simple and painless as possible.
We are available 24/7 for a consultation over the phone or in person. Stop worrying and call us today!