Know Your Rights
The process of using personal property is not as simple as it may seem. There are several factors that will need to be considered before the court will accept real property to secure bail. The court will have to verify the ownership and available equity in the property. The property value must be determined sufficient to fully cover the bond amount being secured. In many cases, it is often more affordable (and much faster) to use a professional bail bonding company than putting up collateral.Source: The NC Court Sytem
Article: Posting Real Property Bonds
Bail Option 2
PUT UP COLLATERAL
If you or a loved one owns real estate or other property that you would like to use to post bail, there are several other factors that you will need to consider. For instance, the court will need to determine the estimated value of your real property (collateral) and make sure that it covers the full amount of bail set.
Additionally, the court will also verify the ownership and any claims and/or lien holders against the personal property that is being used. If your home has a second mortgage or you owe any outstanding liens on your property, it may not be eligible to use as collateral.
You may not want to use a bail bonding company or do not think you can qualify for a bail bond, but our trained "Bail-Out" agents can work out a flexible payment arrangement to work with even the smallest budget! Call us now at 252-551-BAIL for more information about your bail options.