When you are given the opportunity to post bail and be free until your trial, you need to obtain a bail bond or pay the full amount of your bail upfront. If you don’t have the ability to pay the full amount of your bond you’ll have to get a bond co-signer or be able to provide some sort of collateral to secure your stats with a bail bond agent. Some of the most common items used for bail bond collateral include all of the following:
A car, SUV, van, or truck can be offered as collateral to secure bail bonds in Allentown, PA. Other kinds of vehicles can include RVs, trailers, motorcycles, boats, all-terrain vehicles, campers, and snowmobiles. If you forfeit your collateral, you will lose that vehicle.
Real estate can be any kind of building, property, or natural resource like minerals, water, livestock, or crops on a piece of land. If you own property like this, you can offer it as collateral for your bond. You can also use the equity in a piece of property through a mortgage payment of other financial arrangement.
Jewelry or Precious Metals
You may use precious metal with significant cash value as collateral or some kind of jewelry that contains a valuable stone such as a diamond, emerald, sapphire or ruby.
Savings or Investments
Your savings account can be offered as bail bond collateral and so can any valuable investment such as. Certificates of deposit (CDs), stocks, or bonds.