Notice of Lien on Real Estate for Criminal Bond
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How to fill out Notice Of Lien On Real Estate For Criminal Bond?
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FAQ
Putting up your house means that you are acting as a bond agent basically. You are putting up your house and promising that he will appear. If he skips and bond is revoked you could lose your house.
If you are offering your house, car or other large property item as collateral, the court or bail agent will typically have you place the deed or pink slip in their trust. If it is a smaller item such as jewelry, they will take physical possession and keep it in a secure location until the case is resolved.
When defendants use a bail bond agent, they pay the agent a fee and the agent acts as a surety, telling the court that they (the bond agents) will pay the full bond amount should the defendant fail to appear at court. Bail bond agents make money by collecting a fee from those who want to be bailed out.
Property bond In some cases, a defendant or a co-signer will put up a piece of property to cover the cost of bail. The land must be located in the state and the court will record a mortgage against the property after receiving the title and ensuring there is sufficient equity to pay the bond, if necessary.
A property bond is an undertaking constituted as a lien on the real property given as security for the amount of the bail.
A property bond is when a person pledges their property - meaning that in exchange for their release they encumber their property. In order to do this the person has to have warranty deed or current tax statement showing the properties current fair market value.
If you can't pay the bail the court has set, you won't be able to get released from jail. Therefore, you will have to remain in jail until the date the court has set for your trial.Therefore, this is the reason people turn to bail bonds as a means to be released from jail.
If you paid cash bail to the court, meaning you paid the full bail amount, you will have that money returned to you after the defendant makes all required court appearances. If the person does not show up in court, that money will be forfeited and you will not see it again.
Posting a property bond means you pledge the value of real property to the court to guarantee the defendant will appear in court.At the hearing, the court will determine who is the legal owner of the property and how much it is worth.