3 common types of bail bonds

It can be a difficult process for one to get themselves out of custody. The bail system acts as a savior and helps one to get their loved ones out of custody fast. There are a variety of bonds that can secure one’s release from jail. Below are the different types of bail bonds that everyone must know about to help get custody fast.

Cash bond
As the name suggests, cash bonds are cash payments that allow one to get out of jail. In most instances, only cash is accepted by the corrections department. However, in some cases, cashier’s checks or credit cards can also be used to cover cash bails. Most people don’t tend to have large sums of money readily available to give to the correction department as in some cases thousands of dollars in cash are needed to cover bail fast. In such cases, one may have to seek the advice of a bail bondsman for the help they need.

Property bond
Property bonds may not be accepted in all states. However, in states like California, they are used occasionally. Different types of properties can be used, but real estate happens to be the one that is most commonly used. These bonds tend to be quite useful, especially, when one does not have cash available in hand to secure bail. The only drawback of property bond is that it takes time to obtain the same. One can be released from jail within a couple hours with the help of cash bonds. Whereas a property bond is handled directly by the court, there is an assessment of property value that is needed along with court hearing in order to receive the confirmation of the bond agreement. Hence, the whole process takes a span of a few weeks.

Federal bail bond
If one has been jailed under a federal crime, to secure the release, a federal bail bond is needed. Both cash, as well as property, can be used to obtaining federal bonds and they don’t require a bail bondsman. Similar to the property bonds, federal bail bonds are handled by the court directly.