Not all bail bonds are written the same. Often, the situation calls for specific types of bail bonds. Several factors go into determining which bonds are applicable to your case, such as the alleged crime or crimes, the accused individual's prior criminal offenses, and the jurisdiction where he or she was arrested.
Bail bonds vary in use; some types of bail bonds are only used in extremely rare criminal cases, while others are more frequently posted.
Unsecured Bond:As its name implies, unsecured bail bonds are not secured by a deposit or lien on property. No money is required upfront. Instead, the defendant signs an agreement stating that he or she will pay the court the bail bond amount if he or she does not appear on the designating court date.
Cash Bond:In this case, the bail is paid for in full with cash, certified check, credit card payment, debit card payment, money order or other form of payment depending on the jurisdiction. As long as the defendant appears for their court date, this bail money is returned within 2-6 weeks at the end of the court case.
Property Bond:Property bonds, or "Secured Bonds," require a pledge of property to the court on behalf of the defendant. This collateral lien is held until the end of the case and returned as long as the defendant shows up for their court date. Most judges will demand that the equity of the property be at least double the amount of the bond. This type of bond may take some time to get approval as the property in question being posted for the bond must be appraised by a professional company and this paperwork turned into the courts. This type of bond is generally for larges cases and large bond amounts.
Surety Bond:Surety bonds are the primary service offered at Golden State Bail Bonds. Our bail bondsmen post surety bonds on behalf of the defendant in exchange for a fee equal to 10% of the full bail amount. Since our bail bonds agents are held liable if the defendant does not appear for their designated court date, we may require a form of collateral from the defendant or co-signer to cover this cost.
Federal Bond:If the defendant is charged with a federal crime, the defendant may be eligible for a federal bond in order to be released. Federal bonds work much like surety bonds, but are generally more expensive and are backed by insurance companies. The rate for these bonds are typically 15% of the full bail amount.
Immigration Bond:Immigration bonds are federal bonds that are used to release those defendants (or simply illegals) detained by the Immigration and Naturalization Service. Immigration bonds can have the highest bail bond fee percentage ranging anywhere from 15% to 20%. This amount is based on the risk level, potential for the defendant to run back to their home country and other factors involved.
Knowing which bail bond you need is as important as the bail bonds company you use to secure the freedom of your friend or loved one. Call Golden State Bail Bonds today for your free, no obligation, bail bond consultation.