Everyone makes mistakes, and it’s natural to want to help a loved one in legal trouble. One way of doing so is to co-sign a bail bond. To better understand what co-signing for a bail bond means, read on:
When you co-sign for someone else’s bail bond, you are making a binding agreement to pay the entire bail amount if the accused doesn’t make his or her court appearances. This means that if he or she leaves town, then you are legally obligated to repay his bail bond agent the total bond amount.
In some cases, a bail bond agent will ask for collateral before signing off on a bail bond. Putting up collateral means that you are leveraging the value of something very precious to you—often your house. It’s not common for bail bond agents to ask for collateral, but if they do and the accused misses his or her court appearance, then you forfeit your legal right to the collateral
All is not lost if the accused does not make his or her court appearances. Bail bond agents are allowed to hire bond enforcement agents (or bounty hunters) who can find your friend and force him to appear in court. You will still be responsible for any other fines or fees associated with skipped bail, but you will not owe the bail bondsman the full bail—and you will not lose your collateral.
If you or a loved one is being held in prison and you require the assistance of an experienced and trustworthy bail bond agent, call 24 Seven Bail Bonds at (732) 418-2245. At 24 Seven Bail Bonds, our clients come first. Every client is treated with courtesy and is guaranteed effective representation. Our expertise and integrity have earned us a reputation as one of New Jersey's 24 hour premier Bail Bond Companies. Contact us today!