Finding out your loved one is in jail can be devastating. You sit there trying to figure out what happened, all the while trying to determine how you are going to get them out and back home. Thankfully, bail bonds can help you get them out of jail without breaking the bank account in the process. Bail bondsmen provide you with the surety bond needed, while taking a low down payment and an item as collateral until the hearing is over and the case has been closed. To help you understand what options are available to you, here are three items bondsmen often accept as collateral.
Land or Home
If you own a home or have land somewhere, the bondsmen will often accept this as a form of collateral. They will need your deed or title to the property when signing the bond paperwork. You have to have enough equity in the property to make it worth their while. If your home is worth far less than what you owe, this might not work. Bondsmen need to be able to recover their money if your loved one were to default on the bond and fail to show up to court.
Vehicles that are paid off will often work just as well. Again, you will need to give them the title to the vehicle when you sign the paperwork. You do need to sign the title for them as well. This allows them to come and take the vehicle from you in the event the individual doesn't show up to court like they are supposed to.
Jewelry or Firearms
With jewelry and firearms, you will need to bring the property to the bondsmen. They will hold onto it until after the hearing is over with and the case is closed. At that time, they return the property to you no questions asked.
If you have any of the above items, a bail bondsmen will often be willing to work with you. Instead of having to pay the 10%, you can simply put your collateral on the line and pay a small amount for their time to get your loved one out of jail and back home. This is a much better option than trying to come up with thousands of dollars to cover the 10%. Ask a bail bondsmen about what you need to bring to help simplify the process.
To learn more, contact a bail bonds company like All-Mobile Bail Bonds.