4 Common Types of Bond to Get You Out of Jail

If you or someone you know gets arrested, you will need to secure a financial guarantee to the court so you can be released. You will need to appear in all court hearings after your release to get that money back. This is what a criminal bond is all about. However, some people don’t have the means to post bail.

It is said that more than 30 percent of jail inmates nationwide cannot afford to post bail. If you don’t have the means to post bail, Broomfield County bail bonds can help you secure your release. While you are looking for the best bail bondsman in Broomfield Colorado, below are four common types of bonds you should be aware of.

Own recognizance

Own recognizance allows the defendant to be released with no cost involved. Instead of making a payment, the defendant will be asked to sign a form stating their promise to appear in court. This is usually a given option if the defendant has only committed a minor offense. Factors such as employment, past records, ties to the community, among others, are taken into account. You can also convince a judge to give you this option if you have an employer, religious leader, or anyone else who can attest to your character.

Cash bond

A cash bond is cash that you pay for bail. It’s cash that came from either your personal or business account – not from checks or credit cards. This cash will be returned if you don’t miss a court date.

Property bond

A property bond is a bond that requires the value of tangible property. This could include a warranty deed, current tax statement that shows the property’s market value, mortgage statements, and more. An agreement will be signed by the owner indicating that his or her property will be used to finance a bond. If the defendant will not show in court hearings, the property can be put into foreclosure.

Bonding Company or Professional Bondsman

A bail bondsman or a bonding company can post bail for the defendant to get them out of jail. Broomfield County bail bonds usually charge a non-refundable 12-15 percent of the entire bail amount. However, if you fail to appear in court hearings, you may be asked to pay the entire amount and even get re-arrested. This is usually how it works with bail bonds in Broomfield, Colorado.

If you need Broomfield County bail bonds, contact Lucky Lucero’s Bail Bonds. Call us at 303-659-2245 today!

By | 2019-12-25T16:02:57-07:00 January 3rd, 2020|Bail Bonds|