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Have a bail bond-related question? We have the answer. Check out these FAQs and give us a call today for more information!
Bail is a financial arrangement that a bail bonding agency makes to the court on behalf of the accused criminal defendant. Acting for the defendant, a bail bonding agency will arrange with the court to have a suspect released from jail pending the trial in exchange for money and/or collateral, which may be cash, assets, or insurance surety bond. The court accepts the monetary value of the bail.
The bail agency is then responsible for ensuring that the individual arrives in court on the day of his or her trial. If the individual does not appear in court, the court may issue a bench warrant for failure to appear. At that time, the bail agency will be required to search for and re-incarcerate the defendant.
In its simplest form, a surety bail bond is a surety to the court system that the full bail amount will be paid should the defendant fail to appear as required. In some instances, the court will allow "real" property (i.e., home or land) of equal value to the used for bail amount, or the court may allow the full cash amount of the bail to be paid to the court to secure the defendant's release.
If the case is closed without Failure to Appear (FTA), cash and/or property will be returned in full when paid to the court. Based on our experience, only the excess of the 10-15% bail fee may be retained by a bail entity.
The excess cash over the fee or deed held as "collateral" will be returned from a bail bonding entity at the successful close of a case without loss. However, when there is a financial loss to the bail entity, they will file a claim in the appropriate court to recover their loss from the held collateral if no other payment terms are made.
Contact Giggie's Bonding LLC for a surety bail bond in Greenville, SC.
Yes, when a bail agency posts a surety bail bond in Greenville, SC with the jail or court, the bail agency is taking responsibility for the defendant to appear at all future court dates. They are also responsible for doing their best to hold them accountable for complying with release conditions as outlined in the bond by the judge.
For example, if a defendant does not follow the terms and conditions of the bail agency or conditions written on the release order by the judge, then he/she, 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 he/she may be returned to jail.
The law varies from state to state. In South Carolina, the law provides that only a legally licensed SC Department of Insurance bail/surety agent may charge up to 15% of the bail set for by the court. However, charging an acceptable 10% of the bail for bonding services has become common practice in our experience.
According to the Prison Policy Initiative, about 83% of citizens in jail are legally innocent and awaiting their trial, but cannot make bail. Working with a bail bond service fixes this issue for our clients.
Learn more from Giggie's Bonding, LLC. We are the company for a surety bail bond Greenville, SC depends on!
This may be misleading since a company would go out of business writing free bail. However, some companies will take a lien on your house and require monthly payments to cover the bail premium with a minimum down payment.
For a surety bail bond in Greenville, SC, the law requires a cash downpayment of fees of at least $25, as we know from our experience. In South Carolina, releasing a defendant with zero paid down is illegal. However, there is a proposal to increase that minimum amount.
Every case is different. At Giggie's Bonding, LLC, we strive to find a solution that helps families secure their loved one's release. Our joy is bringing families together. With high bail amounts or when a defendant is considered high-risk for failure to appear history, collateral is necessary. If you have questions, don't be afraid to call and ask about your surety bail bond in Greenville, SC!
Technically, you can put up cash or anything of resale value! However, due to the nature of our industry, we mostly require what is often referred to as "real property," that is, land or a home permanently placed on land.
When that is not available, we will negotiate an amount of cash that we feel is best able to offset our potential loss should the defendant fail to comply with court appearances.
For a surety bail bond in Greenville, SC, get in touch with us!
Equity for a home can be determined by the 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 depends on the condition of your home and the current market. If you have questions about the connection between home equity and your surety bail bond in Greenville, SC, don't be afraid to call us!
If the person you bail out doesn't appear, the court will issue a warrant for the arrest of the defendant. In addition to the arrest, a notice will be sent to us regarding the failure to appear.
At that time, the person(s) requesting the defendant's release (the indemnitor) will be required to assist the bonding company with recovering the defendant.
Contact us for a surety bail bond in Greenville, SC!
Located in Greenville, SC. Giggie's Bonding specializes in surety bail bond services. Available 24/7. Over 25 years of experience. Free consultations. Call today.
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