After our company headquarters was robbed for the fifth time, I decided we needed to do a little better at bolstering security. Instead of relying on a few measly cameras and a security guard that was distracted most of the time, we installed a state-of-the-art security system and focused on eliminating inherent security threats. It took a lot of work, but after a few weeks we could tell that our efforts were really helping. We were able to thwart a potential robbery, which made me feel better about the investment. Check out this blog for more ideas on improving your business security.
You may need bail to stay out of jail if you've been arrested. The judge will determine how much you need to pay during your bail hearing. If you don't have all the cash upfront, a 24-hour bail bond agency could post bail on your behalf at any time. But the bail bond company would require you to turn over collateral as a surety that you'll appear in court for future hearings.
Take a look at the different forms of collateral you can offer.
A certified bail bond agency can accept the title to a property, a deed or mortgage, or a signed and notarized contract as collateral. The collateralized property can be a primary residence, a rental property, or commercial real estate.
To use your house or other property as collateral on a bail bond contract, you must own it free and clear. That means you cannot have any liens against the property. If there is an existing mortgage, you will not be able to use this form of collateral.
If you use your home as collateral, the bail bond company will likely need a copy of the deed or title to the property. They may also schedule an appointment to inspect the property before agreeing to post bail on your behalf.
While your case is pending, you can continue to live in your home, even if you've used the property as collateral. On the flip side, you may lose the property if you don't make your bail payments. If you cannot pay off your bail, the bond company has the right to sell your house and recover their losses.
If you pledge your vehicle as collateral for a bail bond, you should provide the bonding agent with proof of ownership and registration. You can only use your car as collateral if the vehicle comes under your name or that of your co-signer. The vehicle should be legally owned and registered with the state where it is being used as collateral.
You also need to provide proof of insurance and an affidavit of value. If you do not have proof of insurance, the bail bonds agent may require you to purchase temporary coverage until your case is resolved.
Remember that the court can seize the bail amount paid by the agent if you fail to appear in court on the hearing date. Also, the bonding agent may seize your car if you don't pay what you owe them. So if you offer up your vehicle as security for a bail bond, ensure you keep up with all required payments and court dates to avoid losing your car.
Contact a local bail bond agent to learn more.Share
23 February 2022