When applying for a bail bond you need to know that there are three types of bail bonds in the State of Texas. Bail amounts are is decided during a bail bond hearing. If the judge determines you are flight risk or a danger to the community, he will decide on the amount of bail money needed to secure your freedom. After the bond amount has been decided, you need to find a bail bond agency if you don’t have the amount required.
There are three types of bonds that Texas courts will accept: cash bail bonds, property bail bonds, and surety bail bonds.
What You Need To Know About the Types of Bail Bonds in Texas
Cash Bail Bonds
Cash bail is the simplest way of paying for bail, however, it is not the most affordable. This is just where you pay the entire bail amount with cash that you have in savings. With this type of payment, you do not need to involve a bail bondsman. As mentioned before, this is not the most affordable way of paying bail. If you do not have the full amount of the bail in savings, it will not be possible for you to use this type of payment. You will need to look at other options in order to pay for the bail.
Property Bail Bonds
This is a type of bail bond that can be done through a bail bondsman. You use this type of bond if you do not have cash on hand, but you do have equity held in a home, car, or other property. You can use this property as collateral. A lien will be placed on your home or other property that is being used as collateral. If the defendant does not arrive on his or her court date, the property will then need to be collected by the bail bondsman.
Surety Bonds Bonds
This is one of the most common types of bail bonds that bail bondsmen handle. For a surety bond, you only need to pay a percentage of the bond and some fees that need to be taken care of. Then, you will sign a pledge stating that the rest of the bond will be paid if the defendant does not appear in court. Depending on the defendant’s criminal record, this can easily be done through a bail bond agency.
No matter which option of payment you choose, just remember that when you pay for someone else’s bail, it is part of your responsibility to make sure that they arrive in court at the time of their trial. If they do not arrive, then you will be required to pay the entire bail, and you will not be able to receive back any of the payments made to the court. If you did pay for the bail with cash, you will lose the entire payment.
Getting arrested or helping a loved one when they are arrested can be a confusing and upsetting experience. Having a knowledgeable bail bondsman at your side will help to ensure that you feel confident and more relaxed throughout the process. Talk to your bondsman about affordable bail bonds and all the option you have.