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Collateral
is any kind of property or cash used to secure the performance of the bond. Collateral serves as protection for
a bondsman against the Defendant's default - usually a failure to appear for not showing to their Court
hearing or not abiding by their Conditions of Release. If a the Defendant's bond gets forfeited
to the Court, the owner of the collateral or Indemnitor is required to pay the forfeited bond amount or the collateral will
be sold. Any deficencies arising from the sale of the collateral are the responsibility of the Indemnitor. On
the other hand, if the sale of collateral brings in more money than the forfeited bond, the owner will receive the difference.
If the Defendant attends all of their Court hearings and the bond is ordered exonerated, the collateral
will be returned to its owner. In most cases the Defendant appears for their hearings, the bond gets exonerated
and the the collateral is happily returned.
Acceptable Forms of Collateral- Titles to cars, trucks, flatbed trailers, motor homes, travel trailers,
mobil homes, boats, anything that is titled in Arizona as long as it is lien-free (no money owed on it). Worth is based
on low Trade-in values (Kelley, NADA, Edmonds, and others)
- Deeds
of Trust / Warranty Deeds on real estate. This is the most frequently used form of collateral on large bail bonds.
Recent appraisals performed by licensed appraisers hasten the process.
- We can accept Bills of Sale on other things which are not issued a title, including: forklifts, Bobcats, construction
equipment and items that we cannot hold in our possession.
- We
can accept gemstone jewelry (rings, bracelets, necklaces) with certified appraisal certificates. Collateral value will
be 1/10 to 1/3 of retail value or pawn value.
- We can accept Indian
Jewelry, Navajo rugs, pottery, Kachina Dolls, baskets and most other Native American hand-made items. Collateral
value will be 1/3 of retail value or pawn value.
- We accept
cash, publicly traded stock certificates, and most major credit cards.
- We can do assignments on stock accounts, bank accounts, or CD's
We will seriously consider
any asset you may have. What We Do:
We are Arizona's
only bail bond company that specializes exclusively in cash-only bail bonds...more about Cash Bail Bonds.
Service Area:
Serving Flagstaff, Camp Verde, Holbrook,
Winslow, St Johns, Page, Prescott and all other communities located in Coconino, Navajo, Apache, and Yavapai counties, Arizona...more
on Bail Bond Service Area.Bail Inquiry:
Would you like to know the bail amount or status of an inmate in the Apache County, Coconino County, Navajo County,
or Yavapai County jail? Try our Bail Bond Inquiry Form or call (928) 773-1997 for immediate attention.
Bail Bond Blogs:Read more about the
bonding process from our blogs. Blogs include advice on how to prevent rearrest and how to get prepared in case you
do get arrested...Bail Bond Information
Why Cash Bail Bonds?Cash bonds are
set by the court for a variety of reasons, including the most common causes; failure to pay a fine on a prior case and failure
to appear before the court on a scheduled appearance. Read more Bail Bond FAQs.Contact a Bondsman:For fast service
call (928) 773-1997, or use our Contact form to get answers from a bail bondsman. |
