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What Do Bondsman Accept as Collateral?

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September 16, 2019  |  Posted by Balboa Bail Bonds Team  |  Bail Bonds

Posting bail fast is important, but you need to know how to proceed, and what collateral might be needed. If you are worried about having collateral for a bail bond, our team at Balboa Bail Bonds can help you out. Firstly, in many cases, no collateral is required. The need for collateral is a reflection of the type of bail bond and its value. Need to post bail now? Call (619) 760-2222 for immediate assistance, 24/7, every day of the year – with a real person to help you at the other end of the line, no matter the time of day or night.

Types of Bail Bonds

There are several types of bail bonds, and at Balboa Bail Bonds, we are very familiar with them all and can help you. The types of bail bonds include:

  • Federal bail bonds: These bonds are typically higher in value, as federal crimes are more serious, such as kidnapping, bank robbery, homicide, and others.
  • Property bail bonds: These are bail bonds secured by property as collateral, which is an easy way to get a loved one released without outlaying any cash.
  • Surety bonds: These are the most common type of bail bonds, which require paying a percentage of the bond, usually 10 percent of the value, with the bail bondsman covering the remaining amount. At Balboa Bail Bonds, we have streamlined the process of securing your freedom with a surety bond – often with no collateral at all.
  • Immigration bonds: Undocumented people can secure release from immigration detention with an immigration bond. These bonds are challenging, as ICE and DHS are involved, and the legal status of the individual will affect whether a bond will be granted.

When a Bail Bond Requires Collateral: Your Options.

At Balboa Bail Bonds, our process was developed to make securing a bond for release as easy as possible on you and your family. If your bail bond requires collateral (and many don’t when you work with us), we accept property bonds – your loved one can be released quickly and efficiently without the need to pay out large amounts of cash. Some bonds require a co-signer, but not all. When a co-signer is required, the person co-signing becomes responsible for the individual released, and for paying the full amount should the defendant fail to appear as required, as well as making all payments promptly.

Types of Collateral

Several types of collateral can be used to secure a bail bond. The value of the items used as collateral must cover the value of the bail bond. The types of collateral that may be acceptable include:

  • Real estate
  • Vehicles
  • Jewelry, gold, precious metals
  • Savings accounts
  • Investment accounts
  • Other valuable personal items (artwork, etc.)

Financing Bail Bonds

At Balboa Bail Bonds, we offer many financing options. An arrest and the need to post bail is an unexpected expense and may be challenging to cover. With our range of easy financing options, you can arrange bail for your loved one at a rate that you can afford. If the bail amount is high, we will work closely with you to find a way to get your loved one released. We know it matters – and our goal is to serve you with compassion, dignity, and understanding.

Call Balboa Bail Bonds Today.

Need to post bail? Call our professional bail bond agents at Balboa Bail Bonds today. All of our team have at least five years of experience. They know exactly what to do to help you get released as fast as possible. Call now.

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