A property bond is a bond that posts the value of tangible property, such as real estate, in order to obtain your friend or loved one’s pre-trial release from jail.
A property bond can be obtained from a bail agent, who will verify the value of your property depending on state law and their own processes.
If the property has more than one owner, each owner must sign an agreement indicating that the property may be used to finance the bond.
When a property bond is issued, the court secures a lien against the property for the amount of the set bail. If the defendant fails to appear in court, the court may bring a foreclosure action against the property in order to collect the bail amount that is owed. This is only an issue if the defendant fails to appear in court as promised.
At Mud Bug Bail Bonds, we provide cash bonds, commercial bonds, property bonds, and personal surety bonds. Please call us at (337)466-3533 for more information about the types of bonds that we provide.
If your friend or loved one has been arrested in South Central Louisiana, contact Mud Bug Bail Bonds to get started on the bail bonds process. If you need bail bonds in lafayette la please contact us today.