I was watching TV, and I don't understand how a bond works. Lets say you get arrested...bond is set at 100,000$. You don't have that much cash, so you go to a bail bondsman. For 10% of that amount (what they seem to charge), they then cover your bond, right? So you pay a nonrefundable 10,000$. The risk they take, is that you won't show up, and they lose their 100,000$. Am I right so far? Well whats to keep joe smith from just leaving the country, and then the bondsman is out 100k??? Seems like all any immigrant in california has to do, is cross the border...viola! Does someone cosign a bond? Do they re-insure these? Anyone know? Just curious...and no, I'm not under arrest !
Ah, loved that show. Sure, if joe schmoe runs away and hide in his trailer behind his house... "Dog" the bouty hunter can find him... If Julio drives his pickup across the border, then what? Do the bouty hunters cross coutry borders? What if Francious goes to Paris...good luck finding him...
Bail bonds are usually supported by collateral and/or additional personal guarantees. It is indeed a tough business. That is why they charge relatively high fees and employ bounty hunters.
Generally something of value is put up as collateral. Property is a common. When you hear of some dirt bag jumping bail it often means his parents are out a house. I used to know a bondsman that did a lot of work for the Hells Angels. He just kept the deed to a piece of property they had and every time someone got in trouble they just gave him a call. He also represented lots of hookers. You should have seen his funeral, his procession was a sight to behold.
Correct..... Usually there is a co-signer on the bond that has a home or other collateral to put up. If you don't show then they go after the co-signer. This also has the advantage of the co-signer working with the bondsman if the guy runs.
Ugh! Basically... It depends on the bail bond company you choose. Some will require that you only pay the 10% however, if the 10% is lower than $100 you will be charged $100. Then.. some places will make you provide some sort of collateral just in case you don't show up for court. I'm not sure what happens if it's an amount such as $100,000 but say it's $1000... you pay $100 and the write a check for the full $1000 which they keep if you don't go to court. If you do go (or have an attorney go) then no biggie, you can go pick up the check. If you don't go then they cash your check and you're out that money plus the initial $100..
Interesting. I didn't know you needed a cosignor... But that still doesn't make sense. If the bailbondsman has collateral (House, whatever)...why bother hunting down the accused? Just cash in the collateral??? Also, earning 10% of the bond off the top, AND HAVING COLLATERAL, seems to good to be true. Basically, it sounds like you make 10% over a matter of weeks...and if things don't go well, just foreclose on someones house??? Are you guys sure about the collateral thing?
The collateral is only cashed if the person doesn't go to court. Too damn bad, the law shows no pity.. it's stupid anyways. Basically../I wouldn't know from personal experience or anything but../when you go to jail there's a paper that has a list of the local bail bond places, you can call and ask questions. You then call a friend, parent, lover, neighbor WHOMEVER and tell them to bail you out at a certain place. They will ask the person who is bailing you out to give them the 10% and some sort of collateral. They will have them fill out a ridiculously invasive paper.. THEN they will process the bail for the inmate. THIS TAKES HOURS! They take care of getting the inmate out. That person MUST report to the bail bond within 24 hours of release to retrieve paperwork, sign the rest of it, and also receive a court date. Go to the court date and you're only out the 10%.. if you don't, you're screwed.. or you owe the person that bailed you out a lot of money.
do you guys remember the max factor heir was drugging/raping/videotaping his victims then fled to mexico? DOG THE BOUNTY HUNTER was actually the guy that went to mexico and brought him back, i'm sure there may be soem red tape but it can obviously be done.
maybe but i can remember watching CNN and seeing MULLET the bounty hunter bringing him back through some airport. maybe to face charges/ spend soem time there then in the states?
The bail bond people would probably come after you if you didn't go to court.. some bail bond places don't make you leave collateral.. those are probably the ones.
No offense, but anyone who makes a deal like that with a bondsman is crazy. You don't have to go through a bondsman at all. You can post your own bond direct to the court. Say it's $1000, give the court $1000 and get out of jail. Turn up to your court date and get your bond back. The only reason to pay a bondsman is if you don't have $1000 of your own to post. Then the bondsman will do it for a fee of 10% or whatvere. You turn up to court, he gets his $1000 back and he keeps your $100. Miss court and he's out $900 and will be coming to get you. That's a good system because it gives someone other than the police an incentive to find bail jumpers. My question: anybody know how long that kind of warrant stays active? Just curious, no personal interest
Remember, if the guy skips the bondsman is out big money. Further, it takes a lot of time to collect and the co-signer might have split town. You're not dealing with AA paper here.
From what I have seen (i've bailed out a couple friends for dumb chit over the years) you guys are close. Most small bail amounts ($10k-30k) they will take your cash 10% fee, get a ton of info and leave it at that. Knowing you probably won't make a run for it on something so minor. I have no experience posting bail for much over that, so really no first hand knowledge. One thing, bounty hunters play by a totally separate set of rules. They don't need a search warrant to enter a home, etc. In many regards they have more leway than the police to apprehend people who jump bail. Also from what I have seen it's not an instant loss if the person doesn't show. The bail company has something like 90-180 days to get them back w/o having to put up the full amount. And I have no idea how long a failure to appear warrant stays valid. I'd imagine it's for quite a while depending on the charge. If you jump bail one would think the personal vendetta with the bail company would be open till they catch you.
http://en.wikipedia.org/wiki/Bail_bond http://en.wikipedia.org/wiki/Bail_bondsman http://en.wikipedia.org/wiki/Bounty_hunter
Dan "Colt" Seavers is a member here who made a good sum of money apprehending fugitives. He is well known in LA, and has made cameo appearances in a number of movies, most noteably, U.S. Marshalls. He was also chosen for the role of Boba Fett, but Temuera Morrison received the role when Dan Seavers turned it down due to time constraints. Appropriately, his username on this forum is Bobafett.