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  • What You Need to Know About Using a Home as Collateral for a Bail Bond

    17 May 2017

    A bail bondsman will bail you or a loved one out of jail at a fraction of the actual cost (usually around 10 percent of the bail bond amount). However, if the bail amount required by the court is high or there's some question of whether the defendant will actually show up to court as required, the bail company may ask you to put up collateral to back the bond. Typically, you can use your home as collateral, but there are a few things you should know about the process before you execute this option.