The Federal Bail Bond System
The Federal court criminal justice system can be confusing to navigate on your own. Not many people know the details of it or how to explain what it is. In addition, the federal bail bond system is not as straightforward as the state court system. A loved one cannot be released immediately with the help of any local bail bonds agent. There are a few ways to receive bail in federal court, but it takes up to a few days or weeks to submit. Ultimately the decision on who receives bail will always be made up by the Judge or Magistrate in charge of the case. Contact us right away if you need help navigating this complex process.
How To Receive Bail From the Federal Court System?
An Appearance Bond would be the easiest way to receive bail in the federal court system. In short, it has a friend or family member sign a form that will personally guarantee the court bail money in case the defendant skips court or fails to comply with the conditions of their release.
The Judge or Magistrate for the case will determine the bail amount for each defendant and who may qualify to become a surety on a bond. The surety on a bond will have to be financially stable. They will have to be currently employed and have proof of a steady income. Corporate Surety Bonds and Federal bail bonds are similar to state bail bonds in that regard because their insurance is purchased and submitted to the court as a financial guarantee that the defendant will be present at all times requested by the court. The difference is that in federal court, the surety bond guarantees the appearances in court and any conditions placed on the bail.
What Would the Restrictions Be?
Some terms that could come with it include drug testing, travel restrictions, pretrial monitoring, and other conditions. In addition, your bond may be forfeited immediately if the court is informed of a violation and demands that the bail bond company pay the amount in full. This heightened risk comes at a higher cost than the standard state bail and collateral added to guarantee the bond. Appearance Bonds use real estate to ensure the bond. The judge or magistrate will determine which property can be used and the amount of bail needed.
What Qualifies as Collateral?
The property put up as collateral must match the bail amount in equity. Equity is determined by subtracting any outstanding liens or money owed against the property from the current market value. A quick example would be; a home valued at $350,000, with a mortgage balance of $200,000, with equity of $150,000. Courts are very particular about how these bonds may be prepared. You will need to have your appraisal, title reports, and other documentation asked for. We highly recommend turning to us for help with these types of bonds, as they could become a significant headache when you have little experience with them.
Contact Us Today
Our bail bond agents are trained and ready to help streamline this process for you. Contact the Bail Bonds Doctor today and get out as soon as possible. If you want to learn more about how this process works or wish to schedule an appointment to begin your process today, give our highly-rated company a call at (612) 332-3030.