Make A Great Impression In The Courtroom

4 Common Types Of Bail Bonds

21 April 2021 by Richard Ramirez

After an arrest, a person remains in jail pending arraignment. The purpose of the arraignment is to inform the defendant of the charges filed against them and determine whether the defendant gets bail or not. For the court to decide, it considers various factors such as the state laws where the arrest happened and the defendant's criminal record. If you get bail, a bail bondsman can help you understand the bail options you can explore to get out of jail fast. Here are the four common types of bail bonds that you should consider. 

1. Cash Bail

Cash bail requires that you pay cash and then attend all court dates. Once you show up on all of your appointed court dates and your case ends, you will get a refund of the bail money. The amount of cash you pay depends on the severity of your case. For instance, you will probably pay a high cash bail for a criminal case.

2. Surety Bond

A surety bond is the first option that a bail bonds agency can offer if you do not have enough money. You secure the bond by paying 10% of the entire bail amount to the bail bondsman. If you don't have the cash, your bail bonds agency can make arrangements to settle the amount. Then, you can pay them later after signing a payment agreement. Therefore, you need to work with established agencies to count on even when the bail amount is high.

3. Property Bond

Not all states accept property bonds, and you need to find out what your state laws dictate about these bonds. A property bond gives the full rights of a property as collateral. Different properties can be used, including business property, but real estate properties are the most common. While surety bonds and cash bonds can take a few hours to settle, property bonds can take time. Property valuers must first assess the property's value, and a court hearing should take place to ascertain that you agree with the estimated value. 

4. Federal Bond

When dealing with a federal crime, such as bankruptcy, the only bail bond you can use is a federal bail bond. The transaction of these bonds is done directly with the court. That means that your bail bonds agency cannot be involved. You can use both property and cash to get this bail bond. Bail bonds agencies understand federal laws and can advise you accordingly.

If you are in custody, consider getting a surety bond, cash bail, property bond, or a federal bond to get you out of custody fast. Your bail bondsman can help you choose a bail bond that will set you free quickly, depending on the nature of your case.

For more information, contact a local bail bonds agency.

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