King Washington 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
A real property bond must have sufficient surety value, on its own, to cover the entire amount of the bond for which it acts as surety bond. You CANNOT combine a partial cash and partial real property surety bond, or partial professional bail bondsman to cover the entire amount of the charge(s).
If you paid cash bail to the court, meaning you paid the full bail amount, you will have that money returned to you after the defendant makes all required court appearances. If the person does not show up in court, that money will be forfeited and you will not see it again.
The process varies by state, but in general you must file your bond either with your state's commissioning official, or the county clerk in the county in which your principal place of business is located or in which you reside.
To post a property bond you would need to contact a real estate attorney to execute a Deed of Trust on that property. You may hire a bonding company to post a secured bond. They will charge you a fee--no more than 15% of the total bond--and then be responsible for the full bond.
A property bond is a type of bond where a valuable piece of property is paid as collateral to ensure the bond. The property gets put up as collateral to either the court or the bail bonds service. They will put a lien on the property, often a home or land.
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.
Refunded bonds maintain a cash amount held aside by the original issuer of the debt to repay its principal. A refunded bond will use a sinking fund to hold in escrow the principal amount, making these bonds less risky to investors.
If it is cash bail and you pay the full bail amount, the money will be returned to you if the defendant shows up on all the hearing dates. If he won't, you will never get your money again. Bond can only be discharged if: A defendant found not guilty on the charge.
The discharge on bail is accomplished by the taking of bail (i.e., the acceptance by the court or magistrate of security either an undertaking (bail bond) or deposit (cash) for the appearance of the defendant before a court for some part of the criminal proceeding).
Posting A Bond You pay the bondsman up to 10% of the bail amount so that if a defendant has bail set at $50,000, you can buy or secure a bond for $5000. After paying the bond amount, the bondsman will deliver it to the court to secure the defendant's release. The premium paid to the bondsman is non-refundable.
