What does a $5000 bond mean?
Therefore, if your bail is set at $5000, you can expect to pay about $500 in order to purchase a bail bond. If you fail to appear in court at a required time, the bondsman can cash in on the collateral, meaning that he or she could sell your property and take the money from the sale.
Can you bond yourself out?
Yes and no. If you are financially able to pay for the entire bail at the time of arrest, then you can bail yourself and be the only cosigner. The caveat, however, is that a bail is a cash bail, meaning that you must have the full amount on-hand to be released.
Can you use a bail bondsman on a cash only bond?
Most courts allow the defendant, a family member, or a third-party (such as an acquaintance or a bail bondsman who can deal in cash bonds) to post the cash-only bond money.
What is the difference between a cash bond and a surety bond?
The biggest difference between a surety and cash bond is that a surety bond involves three parties, while a cash bond involves only two parties. Consider a bail bond of $10,000 as an example. With a cash bail bond, the defendant or one of his family members pays the entire $10,000 in cash to the court or jail.
How can I bail someone out with no money?
Yes, you can afford to bail someone out of jail even if you don’t have money immediately on hand. By contacting Aladdin Bail Bonds, you’ll get help from an agent who will guide you through the bail bond process and get your loved one released from custody quickly.