Keywords: Guam, Notice of Satisfaction, Bail Bond Lien, Real Estate Description: A Guam Notice of Satisfaction of Bail Bond Lien on Real Estate is an important document that signifies the release of a lien on a property that was put up as collateral for a bail bond. This legal document acts as proof that the lien, which was placed to secure the release of a defendant who has been arrested and charged with a crime, has been satisfied. When a person is arrested and needs to secure their release from custody, they have the option to obtain a bail bond, which is a financial guarantee provided by a bail bondsman or a bonding company. These bonds are usually backed by collateral, such as real estate properties. In the event that the defendant fails to appear in court or violates the terms of their release, the court may place a lien on the property to ensure the bail bond is paid. A Guam Notice of Satisfaction of Bail Bond Lien on Real Estate is filed when the bail bond has been fully satisfied, meaning that the defendant has complied with all court requirements, and the bail bond has either been discharged or fully paid. This document is crucial for the property owner since it officially releases the lien placed on their real estate. Different types of Guam Notice of Satisfaction of Bail Bond Lien on Real Estate may include: 1. Full Payment Satisfaction: This type of notice is used when the defendant has successfully complied with all court orders, fines, or penalties, and the bail bond has been paid in full. The lien on the property is released, and the property owner is no longer obligated to the bail bondsman or the court. 2. Discharge Satisfaction: This notice is applicable when a defendant has appeared in court as required, completed all necessary processes, and has followed all conditions of their release, resulting in the court discharging the bail bond. The lien is subsequently released, freeing the property owner from any obligations related to the bail bond. 3. Default Satisfaction: In certain cases, a defendant may fail to comply with the terms of their release or appear in court, leading to a forfeiture of the bail bond. If the bail bond is declared in default, a notice is filed to indicate the satisfaction of the lien on the real estate, as the bail bond is considered fulfilled. Regardless of the type of Guam Notice of Satisfaction of Bail Bond Lien on Real Estate, it is crucial to file this document with the appropriate court or government agency to ensure the property owner's rights and protect them from any further legal entanglements related to the bail bond.
Guam Notice of Satisfaction of Bail Bond Lien on Real Estate
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How to fill out Notice Of Satisfaction Of Bail Bond Lien On Real Estate?
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FAQ
If you appear for trial or the charges are disposed of before trial, the amount posted will be refunded. If you do not appear, all cash posted will be forfeited and the full amount of bail becomes due.
[Provided that where such penalty is not paid and cannot be recovered in the manner aforesaid, the person so bound as surety shall be liable, by order of the Court ordering the recovery of the penalty, to imprisonment in civil jail for a term which may extend to six months.]
Bond forfeiture is the enforcement of a guarantee. This can apply to any bond but the best example is the bail bond. Most commonly, bail bonds are forfeited when a defendant misses a court date. The bail bondsman or bondswoman must then pay the outstanding bail.
If the defendant appears for all the court proceedings, the person who posted the bail money will get it back, usually by a check issued about two to six weeks after the case has concluded. If the bail amount is $2,500 or less, you may be able to post 10% of the bail amount.
If a defendant fails to appear as required, the court shall order forfeiture of the bail bond and issuance of a warrant for the defendant's arrest and may set a new bond in the action.
The defendant or a co-signor enters into an agreement with these agents to put up money as a surety that the defendant will appear in court. The bail bonds agent charges a non-refundable fee of 10 percent of the bail amount. The accused usually has to pay this up front in cash or property.
You pay a set amount and as long as you show up to your court date you'll get some of that money back (excluding court fees). Property bonds are usually reserved for very high bail amounts and other special cases. The property must be located in North Carolina and the equity must be equal or greater to the bail amount.
The three ways you can post bond in North Carolina are: Paying the entire bond amount to the court. Offering the court collateral equal to or in excess of the bond amount (i.e. your home) Hiring a bail bondsman to post bond.
