In Texas, bail bonds can be obtained to help pay the full bail amount to secure the release of someone who has been arrested. This allows them to be released as quickly as possible so they can continue working, going to school, or taking care of their family until their hearings have completed. To obtain a bail bond, a relative may want to consider looking into using collateral when they obtain Bail Assistance in Burleson Texas.
What is Collateral?
Collateral is an item of high value that is used to secure a bail bond instead of paying a deposit. The person obtaining the bond will still need to pay a service fee, but this can help free up money that can be used instead to hire a lawyer or can help the relative obtain a bond even if they do not have sufficient cash at hand.
What Can be Used for Collateral?
Collateral needs to be valued at more than the full amount of the bail to be used. Most of the time, someone using collateral will use real estate as the collateral, though they can also use the title to their vehicle. If it’s properly appraised, they may be able to use high-value jewelry as well. They’ll want to find out from the bondsman what can be used as collateral and ensure it has sufficient value.
Is the Collateral Returned?
If the terms of the bond are followed, the collateral will be returned when the arrested person’s hearings are finished. If the terms are not followed, it could mean the collateral is forfeit. The person securing the bond will need to read the terms carefully to ensure they understand them and will want to make sure they find out the possible instances where their collateral may be forfeit to understand how to avoid this.
If you’re in need of a bail bond to help a relative, take the time to learn more about Bail Assistance in Burleson Texas and how you can use collateral to secure the bond today. Visit us online to get answers to any questions you might have or to speak with a bail bondsman and get the bond process started right away.