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A property bond is a bond that uses real property as collateral in order to secure a release from jail while waiting for trial. A property bond is a bond that posts the value of tangible property, such as real estate, in order to obtain a pretrial release from jail.Items 1 through 5 must be completed before a defendant is released on bail. 1. Cash Bond: This bond type requires the full amount of bond in cash, which the court may return once court appearances are completed. How does a probate bond work? Collateral or security: Property of any kind given as security to obtain a bail bond. Procedure on sequestration of real or personal property. (1) the personal bond office established under Article 17. A property bond is when a piece of real property, such as a house or land, is used as collateral to secure the release of a defendant. A property bond is when an individual pledges real property for the bail amount instead of using a bondsman or paying a cash bond.