If you have been notified that a friend or family member has been arrested in this county you will want to contact an expert Riverside bondsman right away.
A common question when it comes to this process relates to Riverside bail bonds collateral. Many times clients will call a bondsman and ask if they need to turn over the pink slip of their car. Can they put up expensive jewelery? What about antiques? Will the company require someone put up their house in order to secure the bond? All of this depends on who you decide to go with.
Collateral is defined as being an item of value that is put up in order to secure the bond. As long as the defendant attends all their required court appearances that item will be returned to whomever posted it once the case is over. On the other hand, if the defendant decides to flee from justice, that’s where problems can arise. If this person cannot be located within 180 days the bondsman and the cosigner will be on the hook to pay the full bail amount. The collateral will be considered forfeited and will be used to pay off that debt. The cosigner will also be responsible for covering any recovery fees that are related to the company needing to hire a bounty hunter.
The general rule of thumb when a person is asked to post an item of value is that it needs to have 1.5 times the worth of the bond. If bail has been set at $20,000 you may be asked to post $30,000 worth of collateral. Some companies will accept pink slips, others only deal in real property. But again, this is all dependent on who you choose to hire.
If the defendant’s bail has been set at less than $100,000 you will want to ask the person who is helping you if they can offer no collateral bail bonds. These are also known as signature bonds. In this case the signature of the person who is cosigning the paperwork is assurance enough that the defendant will go to court. Not every bondsman provides this service. If the company you are speaking with does not, you might consider trying to find one that can.
For more information on no collateral bail bonds and to find out if you are eligible, be sure to contact a knowledgeable bondsman you can trust.