If you post bail with your home as an asset, you run the risk of losing your home. If a defendant works with the courts and does not run, the work in your home will be returned to you. However, if the defendant runs and can not be found within a certain period of time, the bail will lose the opportunity and remain in the courts, where the court may expel you and sell your home to pay the bail.
Can You Lose Your House If You Put It As a Bail Bond?
The defendant may call a bond agent (someone who posted bail for a fee) or a friend or relative to assist with bail. The defendant may post bail with his or her own resources or a friend, relative or another person may post it to the defendant’s name. Courts receive cash, checks, credit cards, home appliances, cars or other property and sometimes other properties. When bail is posted, the defendant signs a promise to return for his court date and cooperate with the court or lose bail. The promise is a bail bond. If you want to learn more about, then visit https://lionsbailbonds.com/.
When a person is arrested, he is taken to prison and then at a hearing with a judge. After assessing the seriousness of the crime and the possibility of the defendant’s flight, the judge determines whether the person should be released on bail, and therefore, how much bail is. Bail is the amount of money or property a person should leave in court as a guarantee that he will return for his court date.
If you use your home to get yourself or someone else out of jail, the cargo will be canceled upon completion of the case. The defendant must present for his court date and attend the entire trial (if one, many cases are thrown or the defendant is released on probation before the trial, where the duty of your home is returned to you).
Loss of Your House
There is a possibility that you will lose your house if you place it for bail. If the defendant does not display the date of the court, a warrant of arrest is issued and the defendant has a small window of time (usually one to three months) to appear in court. If the defendant is not found, the bond is lost and the court maintains your home.