Co-Signing Bail Bonds Informative Guide
An arrest is often a particularly traumatic moment in an individual’s life. They may be lost and uncertain about how to proceed forward. All relevant research suggests that they will have the best chances to improve their lives and beat their charges if they are out of jail. However, getting out of jail sometimes requires a massive effort. Bail amounts may be many times higher than the salary an individual makes every year. In those instances, a bail bond either on one’s own or through the help of someone who would co-sign a bail agreement would be critical to securing the earliest possible release from jail.
Bail bonds and cosigners
In the process of bail, individuals who are arrested are often held until they are charged. When they are charged, in the process of bail a judge determines if they should have to pay bail in order to secure the defendant s release pending trial. Sometimes, the cost for bail can run into the thousands or tens of thousands of dollars. This amount is much too high for many individuals to be able to meet. Individuals who remain in jail are susceptible to assault and do not have the time and energy to mount a proper defense.
Therefore, they have to work with a bail bondsman who will cover bail in return for payment of a bond. That payment, sometimes up to 20% of an individual’s bail, is still sometimes too high for an individual to meet. In those cases, individuals can work for and negotiate to co-sign a bail agreement. The cosigner will often sign over some of their assets to be used as part of the fee and the bond. There is a small list of qualification for co-signing bail.
The most important qualification for co-signing bail is certainly meeting the requirements of a local jurisdiction and also having a minimum amount of property. The main responsibilities of cosigning a bail bond include showing proof of ownership of property and signing a bond for bail making an individual liable if the person being arrested fails to appear for court. One of the responsibilities of cosigning a bail bond includes filling out the same bail bond co-signer application that the individual applying for the bond has to fill out.
Can a cosigner revoke a bail bond?
This question is similar to the question of can a cosigner be removed from a bail bond. The agreement reached when an individual signs a bail bond co-signer application is one between an individual and a bail bondsman. A bail bondsman has already entered into an arrangement with the civil authority to pay the bond outside of co-sign bail bonds. The bail bonds agent would not jeopardize their relationship with the civil authority just because a cosigner wants to revoke or remove themselves from a bail bond.
When individuals co-sign bail bonds, cosigners sign a contract that they cannot easily get out of. There are many instances where the bail contract will directly state can a cosigner revoke a bail bond up until the defendant s release. In most cases, they will simply have to cave and stick with the contract until an individual goes to trial. This strict stipulation will also apply when considering can a cosigner be removed from a bail bond. Difference between bail bond and surety bond
Individuals who are currently in jail need to make bail and secure release from jail any way they can. They should attempt to raise bail on their own. But if they cannot, working through a cosigner who helps with signing a bond for bail is the best alternative option. A cosigner and bail agent can work together to help an individual get out of jail and work on their case from the comforts of their own home.