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If you are arrested and awaiting trial, the judge may choose to allow you to post bail. A bail or bond is the amount of money conditional upon your release from jail from the period between your arraignment and trial. The amount set typically depends on the severity of the crime and your personal financial means. When it is very high, some people turn to property bonding.

To better understand how property bonding works, continue reading as the staff from Godfrey Bonding, a bail bond company in Canton, GA, explains this unique way of posting bail.

A Bail Bond Company Explains Property Bonding & How it Works

What Is Property Bonding?

Property bonding is a form of bail posting in which a home or business is put up as collateral. If the defendant fails to show up on their court date, a lien may be issued on the property, and, in serious circumstances, the court may seize the home or business. 

Not Ideal for Every Case

Property bonding is not legal in certain states, and a bail bond company will not recommend the practice unless the bail is set very high. Bear in mind some courts may require the property be worth at least double the cost of bail, although this is not always the case. Because of the risk involved, it is not advised you choose this option unless you have no other financial means.

Bring Everything You Need

bail bondTo get a property bond, you will need to bring a copy of your taxes, mortgage, deed to the property, and valid identification to the bail bond agent. If the property is under the name of more than one person, all owners must verify in person that they approve. An appraiser may be sent to validate the worth of the home, although a copy of the taxes is usually enough.

If you or someone you love is in legal trouble, and you are interested in getting a property bond, contact Godfrey Bonding at (770) 479-5230. To learn more about bail bonds and the services offered by this company, visit them online today.

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