What are Bail Bonds?
Before a criminal case is resolved the defendant can be kept in jail until the court is ready to hear their case. Bail is a way for the criminal defendant to be at liberty and out of jail during that time. It allows the defendant to be released from jail at any point prior to going before the judge.
Bail normally requires the defendant paying money to the court. If this isn’t possible, the defendant can get someone on their behalf to post the bail. This payment is designed to make certain that the arrested party attends the court hearings when the date is set to hear their case.
How a Bail Bond Works
If you are a criminal defendant and you request for bail, the judge will set a bail amount. In case you are not able to pay the required bail amount on your own, it is advisable you seek assistance from a bail bond agency. Here at Bail Bond Specialists in Florida, we are the leading bail bond agency in Pensacola and one of the most trusted and reputable bail bonds agencies in the entire Florida Area. We have the expertise and other requirements to help you or your loved one get out of jail immediately.
To post a bond, as a defendant you need to pay the bail bondsman 10 percent of the actual bond amount. For instance, if the judge sets your bail at 20,000 dollars, you or the person acting on your behalf will have to pay the bail bond agent 2,000 dollars. The bail bond agent will then act as a surety on your behalf.
The Best Bail Bond Agency in Florida
Bail Bond Specialists is one of the top bail bonds agencies in the entire state of Florida. We have been in the bail bond business for many years and our expert bail bonds agents are committed to providing you efficient, courteous, and quick processing bail option in your moment of need.
We can offer help in getting the quick solutions you need. Call us today and we will assist alleviate the stress you are experiencing by helping you or your loved one to get out of jail immediately.
What is Bail Collateral?
Bail collateral is more or less the same as asset-based lending. The collateral can be a house, stock, car or other assets whose value exceed the bail amount. If a defendant uses properties such as a car or a house as bail collateral, they can continue staying in the house or driving the car, but they must deposit the deed or pink slip in the court’s trust.
However, if they use small possessions such as jewelry or artifacts, the court takes the physical possession of those items and only gives them back upon the completion of the trial.
What Is A Signature Bond?
A signature bond is an affordable alternative to bail bonds. Instead of depositing cash or property with the court, the defendant signs a promise not to skip trial if released, with the possibility of being slapped with a monetary judgment in case they fail to honor the promise.
Signature bonds are usually assigned to defendants charged with minor felony cases, those who cannot threaten public safety, or those with no prior criminal history.
How Much Is the Bond Agent Fee?
If a defendant was granted bail by a state court, the bond agent fee is 10% of the total bail amount. For example, a defendant who gets a $10,000 bail from a state court will need to pay $1,000 as bond agent fee.
On the other hand, bail granted by a federal court will attract a bond agent fee of 15% of the total bail amount. A $10,000 bail, in this case, would mean $1,500 agent fee.
In Florida, the least a defendant can pay as bond agent fee is $100. In the rare case that the court sets bail at less than $1,000, for example, $900, the defendant will still pay $100 to the bondsman even though 10% of $900 is $90.
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Case Close Investigations is a bail bond firm with offices in countless locations. We have over 40 years of practice in this specific field under our belt, and that has made us among the most trusted bail bonds agencies in in the country.