More often than not, finding out that a friend or loved one has been arrested and taken into custody will come as a surprise. Sometimes, in these cases, you may want to bail them out of jail, but the bail amount is large, or the defendant is considered high-risk. Times like these are when using collateral for Santa Clarita Bail Bonds can come in handy.
Using collateral for Santa Clarita bail bonds can take several forms, including real estate and cash. When collateral is required, the bail bondsman will take into account the defendant’s past criminal history (if any), their credit, employment and residence history, and how long the Indemnitor (the person who signs the bail bond) has known the defendant. When property is used as collateral, a lien will be placed on the property once it has been approved for use as collateral. When cash is used, the money is placed in an escrow account and will be reimbursed to the Indemnitor(s) once the bail bond has been exonerated and the bail bond premium and all associated fees have been paid.
If the defendant fails to show up for all of their court appointments at the proper date and time, the bail bond will be forfeited and a warrant will be issued for the defendant’s arrest. If the bond is forfeited, any and all collateral may be lost. It may have to be sold to pay for the cost of the defendant’s bail and/or any unpaid fees or premiums. As such, it is extremely important to only bail out those whom you know and trust.
As long as the defendant shows up for court, and regardless of what the outcome of a trial is, the bail bond is exonerated once the defendant meets all of these obligations. Once the bail bond is exonerated, cash, property, or other forms of collateral will be immediately returned to their lawful owner once all fees and the premium are paid in full.