Call for Phoenix Bail Bonds

Posted by on Apr 16, 2019 in Arizona Bail Bonds, Phoenix Bail Bonds

Call for Phoenix Bail Bonds

Maricopa County Bail Bonds has been posting bail bonds in Phoenix AZ for well over a decade. Our agents are long-term residents of Maricopa County; they went to school here, they work here, and have raised families here.

Bail Bondsmen that are committed to their community are dedicated to making you, the client, happy!

Take advantage of our long distance posting options. Maricopa County is a large county with over 4 million residents; the travel is slow, – very often bumper to bumper with 110 + degree days. Post the entire bond and fee with a credit card, or make a bank deposit. In many cases you can do an online transfer from your account to ours, but there is no need to add more stress to your life by traveling in traffic. Let our agents do the work for you. We will post your bond and inform you of the location and approximate time they will be getting out of jail.

For Phoenix bail bonds call 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.

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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 Debt

    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.

Read More »

Phoenix Arizona Bail Bonds

Posted by on Jul 11, 2013 in Phoenix Bail Bonds

Phoenix Arizona Bail Bonds

 Phoenix Bail Bond Companies

     Phoenix bail bond companies are a dime a dozen; some are reputable, some are not. The interesting thing about obtaining bail bonds in Phoenix is the intense competition amongst bondsmen vying for your business. As competition increases in a business sector, so will illegal activity.   Be aware that there are minimum requirements set by law for Arizona Bail Bonds.   A bail bond is composed of two parts; the premium (fee) and the collateral needed to secure the bond.  The minimum premium cost of a bail bond in Phoenix is 10% of the bond, in other words, if the bond amount is $2,000 you will need to pay a $200 non-refundable fee.  In addition, bail bonds need to be secured with collateral.  Collateral is something of value that you put up as security that is worth the amount of the bond.

     Sounds simple and straight forward, right?  

     Not exactly, Phoenix bail bond agents will sometimes wave their collateral requirements, or take payments on the premium to “help” you get the bond.  Agents advertising 5% down are prime examples of this.  Bondmen that compromise their security are generally nervous about the Defendant they bailed out of jail; they are more apt to re-arrest the defendant and revoke their bond then a bondsman that gets the premium fee and collateral up front.  Once your bond is revoked, you lose whatever premium you paid and your back in jail.  If you deposited collateral with the agent, he will hold on to it until you pay the whole thing off.  If the bondsman rearrested the Defendant  he will probably tack on his bounty hunting fees.  Be wary of short cuts and bondsmen wanting to give you something for next to nothing.  Call Maricopa County Bail Bonds for the straight facts on Phoenix bail bonds – (602) 258-4488.

 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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Bail Bond Collateral

Posted by on Dec 6, 2012 in Bail Bond Collateral

Bail Bond Collateral

What is Bail Bond Collateral?

     Bail Bond collateral is some sort of tangible property (cars, house, jewelry, artwork, cash) that you use to secure a bail bond.  Collateral takes the place of money.  When you need to bail someone out of jail, you may not have the cash available to post the bond yourself.  A bail bondsman, however, is willing to accept property in lieu of cash and charges you a 10% fee for doing the bond.  The fee is non-refundable, however, the collateral is fully returned to you as long as the defendant goes to every one of his hearings until the case has been adjudicated (completed).

For example: Your brother George has been given a $2,500 bond.  You don’t have $2,500 in cash to give the court, but you do have a 2005 Dodge 4×4 that is worth at least that, however, you don’t want to sell your truck.  A Phoenix bail bonds company would place a lien on your title and charge you a $250 fee.  When the case is over you get your title back.  You haven’t had to sell your truck, and you are only out of pocket $250.  You have maximized your leverage.

What can be used as collateral?

     Any asset that the bondsman is willing to accept may be used as collateral.  Typically, cars truck, buses, motor homes, mobile homes, horse trailers, jewelry, artwork by well known artists, electronics, tools, real estate, land, houses, gold, silver, antiques, etc.  Be aware, most bondsmen are going to value your assets conservatively; this means wholesale valuation methods will be applied to your assets. Remember, the idea of collateral is to cover the loss of the bond.  Collateral would be sold quickly to cover loss.  Used car lots, pawn shops, and junk dealers are favorite receivers of much of the property.  Do not get your feeling hurt if  the the bondsman does not value your property as high as you do.  This is business, not charity.

Can I lose my collateral?

     When a default in the bond has occurred and the Court has ordered the bond Forfeited, a judgement is isuued and the bail bond company is required to remit to the Court the entire forfeited amount.  The bail bond company will require you to do one of the following: pay the forfeited amount in cash; if the debt is paid in full, the bail bond company should return your collateral immediately.  If you can’t pay the full forfeited amount, the bail bond company will be forced to sell your property.  If the bondsman sells your collateral and has not received the required amount to cover his loss, you will be personally liable for the deficit.  Any cash received in excess of the amount necessary to cover his loss will be returned to you.

 For more information on collateral or the bail bond process, please call us at (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 »