Phoenix Bail Bonds for Real Estate

Posted by on Jul 24, 2013 in Bail Bond Collateral, Phoenix Bail Bonds

Phoenix Bail Bonds for Real Estate

Using Real Estate for Collateral

Real Estate is commonly used to secure bail bonds in Phoenix when the bonds are usually over $10,000.00, although when nothing else is available we have had clients use real estate to collateralize bonds as small as $2,000.00.  Technically, we could use real estate for any size bond, but because of the work involved in property research, determining value, and recording, real estate for small bonds is not practical.

The process of determining the suitability of property for collateral on a bond is straight forward.  The client provides us with:

  1. Owners name
  2. Property address
  3. Tax assessor’s number or parcel identification number

Other substantiating data like recent appraisal, copy of Deed, legal description, and latest mortgage balance statement may be required.

Once the client has provided the bail bond agent with the basic information, the bail bondsman will order a property report from our Surety or Title Company.  Maricopa County Bail Bonds then carefully reviews the report for several key items.

    1. Today’s discounted market value of the property (discounted for a potential rapid sale)

    a. Location of property

    b. desirability of property

    c. comparable sales

           2. Outstanding liens

  1. a. number of open mortgages

    b. unpaid taxes

    c. personal liens that may affect the property

Once the review process is complete, we simply subtract outstanding liens from the discounted market value to come up with available equity.  If there is enough equity, we write the bond and have the client record the Deed of Trust or Mortgage at the County Recorder’s Office where the property is located.

Sometimes it’s Not So Easy

Occasionally, we hit snags with the evaluation of the property.  Sometimes there are discrepancies of who the legal owner is.  For example, many people use Quit Claim Deeds to switch ownership.  Quit Claim Deeds must be recorded and they only convey the rights that the prior owner had to the property.

Sometimes the owner has died and left the property to his family.  In order for the family to use the property for a bail bond, they must have recorded the legal conveyance of the deceased to the survivors.

Sometimes there are property tax liens, State/Federal income tax liens or child support liens that the property owner is not fully aware of that prevents the property from being used.

and

Sometimes the property is upside down.  This term refers to the mortgage or lien being higher than the value of the property.  In other words there is too much debt against the property to secure any size bond.

Maricopa County Bail Bonds is happy to evaluate the suitability of your property for any size bond.  Be aware that any evaluation takes time, so if you don’t have the time to spare, consider buying your bond with cash or credit card.

Maricopa County Bail Bonds

(602) 258-4488

Get Out Now!

 

Copyright

© Copyright 2013, Maricopa County Bail Bonds. All rights reserved.

All materials, content and forms contained on this website are the intellectual property of Maricopa County Bail Bonds and may not be copied, reproduced, distributed or displayed without Maricopa County Bail Bonds’ express written permission.

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Phoenix Bail Bonds for Meth Addicts

Posted by on Jul 22, 2013 in Maricopa County Jail, Phoenix Bail Bonds

Phoenix Bail Bonds for Meth Addicts

Methamphetamine, “Meth”, use has reached epidemic proportions in our society.  Wherever it crops its head it leaves devastation in its wake.  The excessive use of the drug leaves the usual tell-tales signs of open sores on the face and arms, rotted and/or missing teeth and hard to understand speech patterns.  The latter sign is the one which the bondsman is most familiar, as he takes many calls each day from people looking for bail bonds in Phoenix.  Meth leaves the mouth dry, the tongue swells and people who use Meth sound like they have marbles in their mouth.  Add to the fact that Meth users speak very quickly, words soon blend into a mass of nonsense garbled speech.

      My hearing isn’t the best in the world and cell phone coverage can be very bad in spots, but add to this the self-induced speech impediment that regular Meth users possess and you can forget about having an intelligent conversation.    Sometimes in frustration, I just hang-up.  As a bondsman, we get considerably more calls from females than males.  More men are in the Maricopa County Jail than women, so it makes sense that their women would be trying secure bail.  A large percentage of the women I talk to sound like they are on Meth; this isn’t just a few people.  Our office handles thousands of calls per month and we talk to hundreds of people that sound like they have the habit.

     The Meth habit is extremely difficult to break.  Users soon exhaust their money supplies and revert to shoplifting, burglary and robbery to support themselves and their habit.  The ultimate end to this habit is one drug rehab program after another until the person is eventually sent to prison.  I have seen individuals that were sent to prison for years and within months of release they have been picked up again for dangerous drug charges.

     There isn’t much more I can say on this topic other than clients that continue using Meth after I bail them out are generally unreliable, they are unable to maintain their weekly call in with me and they frequently get re-arrested while out on bail.  More often than not I spend my time trying to talk people out of posting bail on Meth addicts.  The likelihood of the Defendant getting into more trouble while on bail is far greater than any good that comes out of releasing them.

Maricopa County Bail Bonds

(602) 258-4488

Get Out Now!

 

Copyright

© Copyright 2012, Maricopa County Bail Bonds. All rights reserved.

All materials, content and forms contained on this website are the intellectual property of Maricopa County Bail Bonds and may not be copied, reproduced, distributed or displayed without Maricopa County Bail Bonds’ express written permission.

 

 

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Chronicles of a Bondsman – 3

Posted by on Jul 21, 2013 in Bail Bond Forfeiture, Phoenix Bail Bonds

Chronicles of a Bondsman – 3

True Stories by a Phoenix Bail Bondsman

     A defendant was being held on several dangerous drug charges and his bond was set at $9,000. The Defendant had been to prison before and was most assuredly headed for prison again. Family and friends of the defendant had been calling for days to obtain his Phoenix bail bonds information.  Finally the family came up with the needed cash and the collateral.  They were using an old lady’s home; a modest little place probably only worth $35,000 at the time, but the old woman owned it free and clear of any liens.  The old lady was a friend of the family and just wanted to help out.  Long story short, the Defendant skipped bail and although our bounty hunters put the defendant back in jail, I still had to defend myself against a bail bond forfeiture hearing and pay the bounty hunters for arresting the Defendant.  Final bill came to $1,850.

     The Defendant’s family disappeared into obscurity leaving the old lady holding the bag.  The old lady didn’t have a penny to her name, as she was on Social Security and disability; all she had was this free and clear house that she put up as collateral to help her “friends” bail their son out.  The Defendant’s family would not pay off the debt and were going to let the old lady’s house be foreclosed upon.  Their attitude was “she should have been more careful.”  Phone conversations I had with them proved fruitless, they had not an ounce of moral responsibility for the position they had put their friend in.

     I didn’t have the heart to foreclose on the old Woman’s house so I set her up on a payment plan.  All she could afford was $25.00 per month.  Month after month I received her $25.00 payment, never a miss and never a complaint did I get from her.  One day after about a year of this, I received a check covering the entire balance of the bond debt.  As it happened, the little old lady had a compassionate brother, someone raised just as she had been, who had sold something to take care of her debt.

     The Defendant’s family never offered a penny’s worth of help for the grief they put the old woman through.  It was a real eye opening event for me and a lesson I pass on to my potential clients.

     The Moral of the story; never put up more than you can afford to lose on a bail bond, and be careful who you help lest you be cast into the same fire with them.

Maricopa County Bail Bonds

(602) 258-4488

Get Out Now!

 

Copyright

© Copyright 2012, Maricopa County Bail Bonds. All rights reserved.

All materials, content and forms contained on this website are the intellectual property of Maricopa County Bail Bonds and may not be copied, reproduced, distributed or displayed without Maricopa County Bail Bonds’ express written permission.

 

 

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Chronicles of a Bondsman – 2

Posted by on Jul 20, 2013 in Maricopa County Jail Inmate, Phoenix Bail Bonds

Chronicles of a Bondsman – 2

True Stories of a Phoenix Bail Bondsman

     I received a call from a Maricopa County Jail inmate who was being held on a $150,000 bond for child exploitation and molestation charges.  The inmate informed me that the Phoenix Police accused him of texting a 13-year old girl to participate in a “sex club”.  The inmate said his phone had been lost or stolen for a month, it couldn’t possibly be him and would I please call his Grandmother so she could post a Phoenix bail bonds.

     When I talked to the grandmother, she said the day he was arrested he was at her house eating supper.  He was texting someone throughout dinner when he suddenly jumped up from the table and went to the bathroom. The doorbell then rang and the police were at the door.  As he was being cuffed he threw his cell phone across the street.  The grandmother went on to say that he had been in trouble from an early age for various charges of molestation.  In the beginning the family shielded him, but now she knows he was guilty all along.  She said her grandson was a classic sociopath, he could not tell the truth and she believed he should be in a “home” for the rest of his life.  The grandmother told me she would never bail him out of jail – she was afraid of him.

Maricopa County Bail Bonds

(602) 258-4488

Get Out Now!

 

Copyright

© Copyright 2012, Maricopa County Bail Bonds. All rights reserved.

All materials, content and forms contained on this website are the intellectual property of Maricopa County Bail Bonds and may not be copied, reproduced, distributed or displayed without Maricopa County Bail Bonds’ express written permission.

 

 

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Chronicles of a Bondsman – 1

Posted by on Jul 19, 2013 in Phoenix Bail Bonds

Chronicles of a Bondsman – 1

True Stories from a Phoenix Bail Bondsman

Although Phoenix bail bondsmen are in the business of selling bonds and getting people out of jail, there are times we just don’t like to do it.  I got a call the other day from a woman who had found me on the internet by searching for Phoenix bail bonds.  She needed to bail her “fiancé” out of the Maricopa County Jail.  He had a cash only bond for assault, disorderly conduct, preventing the use of a telephone and criminal damage.  This is nothing out of the ordinary; domestic violence cases are extremely common.  What was unusual was this woman had just gotten out of the hospital and was black and blue over most of her visible body.  Her face had claw marks on it, particularly around the eyes.  I couldn’t resist asking how the scratches got there.  The lady remarked casually, “Oh, he was trying to gouge my eyes out.”  The lady also had numerous old wounds and scars on her arms that had not occurred during this incident, which she admitted had been inflicted by him.  As it turned out, the “fiancé” was no stranger to jail; he had a severe drinking problem and had been arrested several times for working this lady over.

What was awful about this particular story was the woman was blaming herself for the incident and felt guilty for calling the police on him.  I assured her that she did the right thing and that both he and she needed some counseling not bail bonds.  She said that she was getting professional support after this latest occurrence and that the prosecutor was demanding prison for the “fiancé”.  I told her that hopefully things will work out, but I couldn’t resist asking, “Why do you want to bail him out of jail?”  She merely said, “I love him.”

Maricopa County Bail Bonds

(602) 258-4488

Get Out Now!

 

Copyright

© Copyright 2012, Maricopa County Bail Bonds. All rights reserved.

All materials, content and forms contained on this website are the intellectual property of Maricopa County Bail Bonds and may not be copied, reproduced, distributed or displayed without Maricopa County Bail Bonds’ express written permission.

 

 

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5% Down Bail Bonds

Posted by on Jul 18, 2013 in Phoenix Bail Bonds

5% Down Bail Bonds

Phoenix Bail Bonds for 5%?

Maricopa County Bail Bonds does not provide 5 percent down bail bonds.  The Arizona Department of Insurance has set the Surety Bond premium rate at 10%.  10% is the minimum rate you can expect to pay for any bond; anything less and the bail bond company is breaking the law.  One or two Phoenix bail bond companies advertise 5% down and offer to set you up on a payment plan for the balance.  They aren’t doing this because times are good and they just want to help you out.  These 5% down companies need to stay a float, they rob Peter to pay Paul.  Their bond forfeiture rate is huge because they not only are desperate to increase cash flow, but they are the same guys that accept insufficient collateral and offer Signature Bonds.

Don’t be baited into low rates, don’t fall into the trap of making payments, and be leary of Signature Bonds or low collateral bonds.  If you can’t make your payment as dictated by the Agreement, the Defendant may be arrested.  If the bondsman has a high risk exposure on your bond and has taken insufficient collateral, or worse yet – your signature.  You can expect him to come knocking if you miss a call-in or are late on a payment.

All Phoenix bail bond companies offering 5% down and no collateral have the following in common:

  1. A very high bond forfeiture rate
  2. A very high bond revocation (arrest) rate
  3. Cash flow problems – difficulty in paying off forfeitures and paying the bills
  4. Slow turn-around times on your cash collateral deposits

 

Don’t be one of the sheep taken to slaughter.  Get the straight facts:

Maricopa County Bail Bonds

(602) 258-4488

 

Copyright

© Copyright 2012, Maricopa County Bail Bonds. All rights reserved.

All materials, content and forms contained on this website are the intellectual property of Maricopa County Bail Bonds and may not be copied, reproduced, distributed or displayed without Maricopa County Bail Bonds’ express written permission

Read More »