BAIL BONDS IN ARIZONA
What is a Bail Bond?
A bail bond is a financial guarantee allowing the defendant to be released from jail until their case is adjudicated. The bond guarantees the appearance of the defendant to each of their hearings. If the defendant fails to appear, the court will forfeit the bond.
How do I Buy a Bail Bond?
A bond is composed of two parts; collateral and a premium fee. Collateral must be at least equal in value to the bail amount. The premium fee is approximately 10% of the bail amount. Additionally, there may be other fees, such as: recording, travel, and notary. Collateral is returned, or refunded, to you once the bond has been exonerated. Premium and fees are non-refundable.
What Can You Take for Collateral?
Generally speaking collateral can be cash for the entire bail amount, it can be charged on one or more credit cards, or it can be qualifying real estate. We do not take cars or personal property. Arizona Bail Bonds has separate requirements for bail less than $10,000 and bail equal to, or greater than $10,000.
Bail less then $10,000
Bail that is less then $10,000 will require the full bail amount to be paid with cash, credit cards, or Zelle. Arizona Bail Bonds does not take physical property for collateral when bail less than $10,000.
Bail $10,000 or more
When bail is $10,000 or more, we can take for collateral qualifying real estate, cash, or charging it on one or more credit cards. Real estate must be a site-built home. Arizona Bail Bonds does not accept raw land, mobiles, or modular homes
When Do I Get my Collateral Back?
If you put up real estate for collateral, it will be returned upon the exoneration of bond. We must receive the Order of Exoneration before we can release the collateral. If the bond was posted in cash, we must receive the check back from the court.
When do I get my money back?
Cash used for collateral is returned once the court has exonerated the bond and returned the bond back to us. Real estate used for collateral is released from our lien upon receipt of the “Order of Exoneration”. Upon receipt of the Order of Exoneration, a Lien Release will be recorded at the county Recorder’s office.
What happens if the Defendant Fails to Appear?
When a defendant fails to appear for a hearing, the court will issue a Bench Warrant for the arrest of the defendant and set a bond forfeiture hearing. The court may forfeit the bond if there is no justifiable cause presented to the court for the Failure to Appear. If the court finds that there is justifiable cause, the court may exonerate some, or all of the bond.
When do you Hire a Bounty Hunter?
When a defendant fails to appear and the court issues a warrant for their arrest, a Bounty Hunter, “Fugitive Recovery Agent”, may be retained in order to get the defendant back in jail. Recovery agents charge fees that range from 10-15% of the bond amount, plus expenses. Recovery agent fees are borne by the client (indemnitor). If the client used real estate for collateral, then the choice of hiring a recovery agent would belong to the bondsman. If the client paid cash used cash for collateral, then the choice of hiring a recovery agent belongs to the client.
Recovery fees become due and payable when the Recovery Agent is hired.
Read about Arizona Bail Bond services –
https://arizonabailbonds.net/
Learn more about the Arizona Bail Bonds Company –
https://arizonabailbonds.net/about-arizona-bail-bonds/
Arizona Jails –
https://arizonabailbonds.net/faqs-arizona-bail-bonds/
Visit our jail information page –
https://arizonabailbonds.net/contact/
