3 Items That Can Be Used As Collateral For A Bail Bond

4 February 2016
 Categories: Law, Blog


Finding out a loved one is behind bars can be overwhelming. You end up trying to make sense of it all to the best of your abilities. Being arrested starts a whole string of court proceedings and trying to prove innocence. Once the individual has gone before the judge initially, they are typically given a bond amount. If the bond is a surety bond, you can turn to a bail bondsman to come in and help you get them out of jail quickly and easily. Don't worry; you don't need a bunch of cash to get them out. You can use one of the items below.


If you have a home that has a large amount of equity in it, the bail bondsman will often take that as collateral. You will have to give them the deed to the home while the accused individual goes through trial. If they skip out and don't do what they should, the bondsman has the right to take possession of the home as penance for them putting their neck on the line for the individual to get out of jail. Homes only work if you have more equity in it than what the individual's full bond amount is.


Similar to your home, you could end up losing your vehicle if the party doesn't do what they are supposed to. The vehicle will often need to be paid off and worth at least as much as the bond is. You will have to sign over the title to the bondsman to get the individual out of jail. When all is said and done with the case and the party complied, you will be given the title to your vehicle back.


If you have a lot of gold, silver and diamonds, you can use them to secure the bond and get your loved one out of jail. In this case, you will actually have to give the bondsman the property to hold on to while you wait for the process to be finished. When done, they will return the items to you. However, they have the right to sell them and recover their costs if the other party doesn't comply with the terms and conditions of their bond.

These are only a few items that can be used to get someone out of jail. There are plenty of others as well. Discuss your options with a bail bonds business, such as A Bail Now Bail Bonds, Inc., today.