A Property Bond is posted with a court in order to secure an arrestee's release from jail. In the case of a Property Bond, the defendant, a family member or a loved one will use his or her property in order to secure release. The court records a lien against the property in order to secure the entire bail amount.
If the defendant fails to show up to court proceedings, the property is then subject to forfeiture to the court. At this point, the court may start foreclosure proceedings on the property in order to obtain the entire bail amount.
Property Bonds are not often used in the United States today, although it might be a possibility depending upon your particular situation. Many states do not actually offer Property Bonds.
A Property Bond is unique in that it requires:
- An appraisal of the property, to determine its worth
- Approval by the magistrate
Dan's Bail Bonds is a Los Angeles Bail Bond Agency serving Los Angeles, Riverside, San Bernardino and Orange County. We are open 24 hours a day, 7 days a week, 365 days a year.
Contact a Los Angeles Bail Bond Agent at Dan's Bail Bonds today!