BAIL BOND FAQ
What is a Bail Bond?
A monetary guarantee filed with the court whereby a defendant is temporarily placed in the custody of the posting bail agency. Further, the bail agency or bail bond company promises the court the defendant will appear each and every time they are ordered to do so while their case is pending.
Is a defendant released on a bail bond really in the custody of the posting bail agency?
Yes, when a bail agency posts a bail bond with the jail or court, the bail bond company is taking responsibility for the defendant to appear at all future court dates. For example, if a defendant does not follow the terms and conditions of the bail agency, then the defendant risks being returned to jail! We provide the comfort of not being in a jail cell. However, if a defendant fails to communicate or check in as required then they may be returned to jail.
How much does a bail bond really cost?
15% of the bond is the standard premium. However, union members, members of the military, veterans, and clients (defendants) represented by a private attorney may qualify to be released on a lower bail premium. Release Me Now Bail Bonds is a bail agency committed to beating anyone’s rates to every client who qualifies!
Can I finance part of the premium?
Yes if qualified, our bail agency will provide financing!
Do I need collateral?
Every case is different. Generally, collateral is necessary with very high bail amounts. Whether you need collateral will depend on the specific circumstances of your case.
What can I put up for collateral?
Anything of resale value. However, if you’re a homeowner then a signature may be all that’s needed or a lien will be placed on your home based on the bond amount and the required equity. Equity is defined as market value versus what’s owed on the home.
How do I determine equity for a home?
Recent sale amounts for homes similar to yours. For example, if you currently owe $375,000.00 on your home and the homes in your area are being sold for $475,000.00, then you have $100,000.00 equity. However, it really depends on the condition of your home and the current market. Please call if you have questions.
*What if the person I bail out does not appear?
The court will issue a warrant for the arrest of the defendant. In addition, a notice will be sent to us regarding the failure to appear. However, we will be happy to assist you in either reinstating the bail with the court or surrendering the defendant back to custody.
*What if the person I bail out gets re-arrested in a different county or state?
Call us immediately so we can make sure you are protected. Communication is very important.
Are there any additional legal fees?
In the event of a forfeiture (when the defendant failed or refused to appear in court as required) there will be court costs. The worst case scenario is a summary judgement where the defendant cannot be located and you have to pay the entire bond amount. If the defendant failed to appear due to a valid excuse, then the bond can be reinstated. Court fees vary from $75 and up. If a motion has to be filed to vacate the forfeiture then you will be liable to pay for all legal fees.
What if a person has a warrant?
In most case we can clear warrants with the court and set a new court date. However, each case is different. Call our bail agency and ask for assistance.
*How long will it take for a defendant to be released from jail?
Release times vary from City Police Departments, Jail facilities, and County Detention Centers. Most of the time a County Jail releases defendants within 1 to 3 hours.
Can a bail bond company refer an attorney?
It is against the law for a bail bond company to refer an attorney.
What happens if a person is released on bail, but the case is dismissed? Do I still owe the premium?
Yes, if you hired a bail bond company to post bail for a defendant. Commission is earned once the defendant is released on a bail bond. Further, bail bond companies cannot determine if the District Attorney is going to file a case or not.
For more information on Bail Bonds, read our Detailed Bail Bond Info: Bail Bonds in Statesville, North Carolina