214-747-4110

163 Pittsburg Street, Suite A2, Dallas, TX 75207

940-383-4600

909 E. McKinney St., Denton, TX 76209

972-562-6057

1502 W. University Suite #101, McKinney, TX 75069

Subscribe to this list via RSS Blog posts tagged in bail bond collateral

Frisco bail bond collateralBeing arrested and charged with a crime can be a scary experience, and a person will often be worried about whether they will be able to be released from jail quickly. One major concern that can affect a person or their friends or family members is how to afford the amount of bail set by the judge in their case. Fortunately, by using a bail bond, a person can get out of jail without being required to pay the full amount of bail. 

In most cases, a bail bond will only cost 10% of the total bail amount. However, it can sometimes be difficult to put together this amount of money. In these cases, a person or their family members may turn over collateral to be held by a bail bondsman until they can raise the necessary funds. Collateral may include any items of value, including:

  • Real estate - A home or piece of land is often among the most valuable property owned by a person. To use real estate as collateral, a deed of trust will need to be filed giving authority over the property to the bail bond company, and a lien will usually be placed on the property. Usually, the equity a person owns in their property will need to be equal to or greater than the amount of bail.

    ...
Back to Top