Getting arrested for the first time can be a very confusing ordeal. You or your loved ones can quickly be out of jail, thanks to the bail system. Simply put, a bail bond is financial binding to show up for all required court appearances.
If a person posts bail and subsequently skips any court hearings, they forfeit the bail, and a warrant is put out for their arrest. Unfortunately, most people are unaware of the different options when it comes to posting bail.
In the interest of easing your stress at the time of an arrest, here are the most common types of bail bonds that can be used to get released from jail.
Common Types Of Bail Bonds
The following are the three most prevalent categories of bail bonds:
1. Cash Bail
The most common sort of bail bond is cash bail. The bond is fully paid with available money, as the title suggests. If the judge permits you to submit cash bail, you should do so as quickly as possible. This sort of bail can be paid with currency, a cheque, or a debit card.
Cash bail can get you out of jail swiftly if you have cash on hand. You must stick to the court proceedings outlined in the agreement when making a payment. When the lawsuit is finished, the court will refund your money.
2. Surety Bond
When a bond service provider pays on account of an accused person, they function as an assurance for the court, ensuring that the suspect will show up for their trial. If the suspect disappears before the hearing, the court will hold the bondsman liable. They will be obliged to pay the entire bail money.
The bond agency charges a service fee that is normally ten to fifteen of the actual bail amount due to the liability associated. This is covered by the defendant, who also gives the agent collateral. The bondsman may then use this to recover the bail amount if the defendant fails to show up in court.
3. Property Bond
Comparable to check and debit card transactions, using real estate as collateral is only permitted in specific jurisdictions.
The defendant provides the court with complete ownership of their estate. If they don’t show up in court, the asset will be repossessed, and the court will recover the bail sum. Using a property bond to make bail is a lengthy procedure that necessitates the submission of numerous paperwork and property appraisals to ensure that the property worth will pay the bail sum.
Hire The Professional Lee Calhoun Bail Bonds To Get Affordable Bail Bond Services In Florida
While contacting a bail bond agency may be the first thought you may have in case of an arrest of an acquaintance, you’ll need to first check whether your state supports the bail system. For instance, Wisconsin, Illinois, Kentucky, Oregon, and Nebraska restrict these privatized lending services.
Are you looking for a bail bondsman in Florida? Get in touch with Lee Calhoun Bail Bonds to help your loved one get out of a sticky situation. With over 15 years of experience and services extended to Gainesville, Ocala, Marion County, and Alachua County, they’ll make the bail process a smooth and successful one.
Call at 352-379-9100 or visit their webpage to learn more about their services