What is a Property Bond, and is it a Good Bail Option in CO?

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What is a property bond, and is it a good bail option in CO?There is a lot to consider if you are trying to get someone bailed out of jail in Colorado. Getting the call in the middle of the night, trying to figure out which jail they’re at, discovering why they were arrested, and trying to create a plan are all difficult and frustrating. Much of this is due to the complexity of the criminal justice system, while much of it comes form the emotionally draining aspect of an arrest. Whatever the situation, it can be difficult to sort through all the options. One question we get quite often is: “What is a property bond?” People hear this term mentioned, and in some cases, it is available as a bail option – is it better than Arapahoe County bail bonds?. But, what exactly is it, and is it a good option? Let’s take a look:

Bail Bond Options: What is a Property Bond?

When you post bail without using a bail bondsman, there are a variety of options. One of them is to use property as collateral to bail someone out of jail. This may be a useful option if you don’t have a large amount of cash on-hand, but you do have property. In order to utilize a property bond, you mush have a certain amount of equity in the property. When you choose to use a property bond, the court will record a lien on the property. As long as the defendant appears in court, all will be well. Unfortunately, property bonds can be financially dangerous. If the defendant doesn’t show up for court, they have the legal right to foreclose on the property to make up the bail amount.

Are Property Bonds a Good Option?

In some cases, property bonds may be a good option. But, it is important to weigh the cost of putting a lien on your home. Do you trust the person you are baling out? Are they responsible enough to appear for all court dates? If not, you need to consider other options for bailing them out of jail, as you don’t want to have to forfeit your home or other property should they fail to appear in court.

Contact a Bail Bondsman to Discuss Bail Options

The bail bondsmen at All American Bail Bonds have years of experience in the bail industry, and can discuss with you the many options for bailing out of jail. If you have any questions, feel free to call and talk to us. We are here to help you make an informed decision regarding the release of a loved one from jail.

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