Types of Bail Bonds
Bail bonds are far reaching and can get creative. They are not strictly cash based, and in some instances, a cash bond is not even an option. Some bail bonds don’t even require anything besides a signature that is your promise that you will return for your court date. We will discuss your case with you, speak with the court, and determine which type of bond is going to be the best for you. From property bonds, to surety bonds, to signature bonds, we will discuss them all on this page and explain their differences.
A property bond requires putting a piece of property up as collateral for your bond. This may be necessary in instances where the bond is a substantial amount of money. Then, you would be required to put up a property bond of a vehicle, land, or home that would act as collateral for your bail. If you do not show up for your court date, then your property will be taken by the courts and you will still be a fugitive of the law. This means you will lose your property and your freedom.
Much like a property bond, a surety bond is used for bails that are very high. Property bonds will usually be used for bonds that are worth up to hundreds of thousands of dollars. A surety bond may be used for bonds that are closer to the $5,000 to $10,000 range. Surety bonds require finding a third party who is willing to post the money and take on the risk that you may not return to court. At this time, the guarantor would be responsible for the entire bail amount. A guarantor can be any person with the financial means to assist and the willingness to do so.
A signature bond is a bond that is free. It only requires your word that you will be honorable and return for your court date. Signature bonds will be used in many minor cases such as a DWI or minor possession charge. You will be released on your signature and will be required to return at the time of your trial to determine what charges you are facing. If you do not return, you are still considered a fugitive and will be hunted down as a fugitive by law enforcement or bounty hunters.
Cash bonds are the exchange of cash for your freedom. We can do cash bonds up to a certain amount. A cash bond is usually 10 to 15% of your bail amount and will be paid directly to the court. This is different from a surety bond because if you fail to show for your court trial, then we only lose the cash that we posted for your bond. We are not required to pay the whole bail, but we will still receive our money back once the law catches you and returns you to the city.