gr8Dad
Carpal \'Tunnel
Reged: 06/07/04
Posts: 30195
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"He has to be able to back up the funds to the bail bondsman."
I am sorry Loretta, but you are mistaken. Occasionally, if the bondsman feels there is a flight risk, they MAY require a piece of property as collateral, but not always.
The waya bail bondsman works is they require a flat fee, usually a percentage of the total bond, and usually 10%, which they keep. They then put the total bond up to the court. You are then required, usually, to report to the bondsman weekly to let them know you are still around.
"Seriously gd, iif he leaves the country, or jumps bail, the bail bondsman will have to pay the entire bail....he's going to want his money. You do know this, right???"
That is what BOUNTY HUNTERS, or more correctly "Bond Agents" are for.
Think about it, if a person had to cover, to the bail bondsman, the ENTIRE amount of the bail, and you skip, WHY would they pay someone to hunt you down? I mean if I am a bail guy, and I put up, say, $50,000 for a person, and they have backed up ALL the funds I put up, why would I CARE if you showed up for court? I have my money, right? Nope, if you run, the bondsman forfeits the bond until you are captured, so they PAY a bounty hunter to find and return you, so they can get their money back. They do take a small hit, as the bounty hunter usually gets a percentage of what you get back from the court. But some is better than nothing, right?
I know this because I have at least THREE family members that ARE bounty hunters.
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Why give a "senior" discount, they have had plenty of time to raise the money...
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toomom
member
Reged: 05/13/12
Posts: 141
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"Are you an idiot? Why would have have to give 3 million to the bail company? If the bail company puts up the bond, he has to pay them 10%. If he had 3 million dollars, he wouldn't NEED a bail bond company. Do you really understand how all this works? You don't, do you?"
I'm not an idiot, YOU ARE AN IDIOT! See, it works like this...Your bail is 300 million. In Florida, you give the Bail Bond person 15-20% of the total cash bail. The Bail Bond person puts up the the rest in CASH to the courts. In order to insure his CASH investment, he retains the balance from "you" in liquid property. If "you" finish all court crap, you get "Your" liquid property back and he KEEPS "your" 15-20% that he paid to get your ass out of jail. That is how they make money. Do you NOW understand how it works?
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gr8Dad
Carpal \'Tunnel
Reged: 06/07/04
Posts: 30195
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LMAO, you have NO idea how WRONG you are. But me re-explaining will do no good. Have a good night.
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Why give a "senior" discount, they have had plenty of time to raise the money...
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toomom
member
Reged: 05/13/12
Posts: 141
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"That is what BOUNTY HUNTERS, or more correctly "Bond Agents" are for."
Florida forbids BOUNTY HUNTERS or "Bond Agents" to post bail since the Casey Anthony case.
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gr8Dad
Carpal \'Tunnel
Reged: 06/07/04
Posts: 30195
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Do you even READ? A BOUNTY HUNTER does not post BAIL, they look for people who have SKIPPED on bail.
But, since you won't believe ME, will you take the word of an ACTUAL BAIL COMPANY? Here is the link, it explains it pretty clearly.
[censored]://[censored].apollobailbonds.net/howbailworks.htm
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Why give a "senior" discount, they have had plenty of time to raise the money...
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toomom
member
Reged: 05/13/12
Posts: 141
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Oh my. California has different laws. Florida has set laws for bail and BAIL BOND'S when a person has been charged with a FELONY. Continue....???? Don't think so.
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toomom
member
Reged: 05/13/12
Posts: 141
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Gr8dad, do you know anything about Florida? Why are you sending over a California Bail Bond website? Apples and oranges.
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Loretta
Carpal \'Tunnel
Reged: 06/02/05
Posts: 3940
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The posting of a bail bond is a contractual undertaking guaranteed by a bail agent and an individual posting bail. This bail agent provides a guarantee to the court that the defendant will appear in court each and every time he or she is summoned by the judge.
A relative or a family friend contacts the bail agent, before the defendant is released, to arrange for the posting of a bail. The bail agent gets a percentage of the amount decided by the judge for that particular defendant. By signing the agreement with the bail agent regarding posting the bail, the defendant or the co-signer, who might be a relative or a family friend, must provide a guarantee that the bail amount will definitely be paid in full if the defendant fails to appear at the summons. After an agreement is signed, the bail agent posts a bond for the amount of the bail, to guarantee the defendant’s return to court.
Some bail agents prefer to have the defendant or the co-signer arrange for a collateral. Even if the collateral is not requested by the agent, the minimum criteria is that the co-signer must have a steady income, and must either own or rent a home in the same area as the defendant for some period of time. If the bail agent or the co-signer is unable to locate the defendant, the cosigner is immediately responsible for the full amount of the bail. After the defendant is located and arrested by the bail agent the cosigner is responsible for all expenses the bail agent incurs while looking for the defendant.
If the defendant cannot raise the entire amount of the bail, then the court might allow a situation in which the defendant pays a percentage of the amount directly to the local jail or court. But this is not a common practice in most courts.
Defendants also have the option of arranging for their bail through a bail bondsman. However, this involves the defendant providing a collateral to the bail bondsman. The bail bondsman or bail bond company representative will then guarantee to pay the court if the defendant fails to appear for trial, by posting a surety bail bond power of attorney with the jail or court. After the defendant has completed all court appearances and the case is closed, the bail bond will be dissolved and any collateral given to the bail bondsman will be returned to the defendant shortly thereafter.
A co-signer always has the responsibility to ensure that the defendant appears in court as and when required. The co-signer must know the whereabouts of the defendant at all times and must immediately notify the bail bondsman if the defendant has moved. Since the co-signer’s collateral is at risk if the defendant fails to show up as summoned, it is advised to be cautious when it comes to keeping an eye on the defendant.
This is how I've always understood it.
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gr8Dad
Carpal \'Tunnel
Reged: 06/07/04
Posts: 30195
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Sigh, I picked the first one that had a description of what bail IS, since you appear to not know. So here is the site for MIAMI BAIL BONDS.
[censored]://[censored].miamibailbondsman.com/bail-bond-faq.htm
Please take note of the sentence at the lower portion of the "How bail WORKS" section. It states, QUITE CLEARLY, "Collateral is not always required for a person to be bailed from jail. Often a person can be bailed from jail on the signature of a friend or family member. Cosigners typically need to be working and either own or rent a home in the same area for some time."
See the word OFTEN?
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Why give a "senior" discount, they have had plenty of time to raise the money...
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gr8Dad
Carpal \'Tunnel
Reged: 06/07/04
Posts: 30195
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The key phrase is right here, "Some bail agents prefer to have the defendant or the co-signer arrange for a collateral." Notice SOME and PREFER. It is not the USUAL way it works. I mean dang, watch Dogg sometimes, do these people look like they can put up millions of dollars in collateral?
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Why give a "senior" discount, they have had plenty of time to raise the money...
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