3 Common Types Of Bail Bonds You Need To Know About

Bail bonds are one of the most common types of bail services that people need. When someone is arrested, they must pay their bail in order to get out of jail after posting bond. However, it can be difficult to know which type of bond to get if you or your loved one gets arrested. These bonds come in many forms, and this article discusses three of them.

1. Cash Bail

The cash bail bond allows you to pay a fee and leave jail immediately after your arrest. After posting this bond, you have to show up for court appointments or other scheduled appearances. The judge has the final say in determining whether or not you get cash bail, although a lawyer can argue out your case and enable you to get it quickly.  

2. Surety Bonds

A surety bond is a written agreement between three parties: the principal, the obligee, and the surety. The individual posting bail is called the principal on this type of bond contract. In return for payment of their money with the assurance that you will appear in court when required by law, a creditor can pay all or part of what you owe. Surety bonds can be used instead of cash bail.

When you hire bail bond services, the company will act as a third party to guarantee that you get out of jail. They usually require collateral like real estate or jewelry in order to make sure they don't lose money if you skip town at any point during the process. The good thing about using an established business as a surety is that there won't be much risk involved unless something goes very wrong with your specific situation.

3. Property Bonds

Property bonds are a good option if you have a property that can be used as collateral. If the defendant misses their court date or does not comply with all the conditions, they will lose your money. This bail bond allows defendants who cannot afford cash bail an opportunity for early release from prison while awaiting trial proceedings. It works best when applied to lower-risk defendants because it doesn't require an individual to pay the full bail amount upfront. You only need to put up the percentage of the bond that's covered by your property.

You should consider hiring a bail bondsman if you can't pay your full bond. All three types of bail bonds can help defendants get out of jail sooner, making it easier for them or their family members to post bond, or both. Contact a company like Bail Busters to learn more.