The federal bail bond system isn’t as simple as the state system and can be much more confusing. We’re here to ensure that you understand every step of the process, and we’ll help you through it. In state-related cases, bailing someone out is as simple as having a local bail agent head down to the jail and get your loved one out. Securing federal bail can take a few days to a few weeks. Additionally, the judge overseeing the case will determine the bail amount.
What Is An Appearance Bond In Federal Cases
The most common form of bail in the federal system is an Appearance Bond. With this type of bond, a family member or loved one signs a CR-04 form, which ensures the court that they will pay the bail money if the defendant tries to flee. Another name for the CR-04 form is an Affidavit of Surety.
Once the amount of the bail is determined, the judge or magistrate will determine who qualifies as surety. In most cases, the only people eligible to be sureties are those who have a stable income. Corporate Surety Bonds or Federal Bail Bonds are closer to what most people probably associate with state bail bonds. The guarantor purchases insurance from a bail bonds company with a Corporate Surety Bond. Then the glue is submitted to the court as a financial guarantee. Federal bail requires more of the defendant than state bonds do, however. With federal bail bonds, the defendant must appear in court and comply with other bail bond conditions.
Federal bail bond conditions often include drug testing, travel restrictions, pretrial monitoring, and more. If the court finds out that the defendant has violated the bail conditions, they will request immediate payment in full of the bond from the bail company. This creates additional risk for the bail bond company as more things could require repayment. Because of that, the fees for federal bail bonds are often higher.
Federal Bail Bonds Often Require Personal Property As Collateral
In some cases, the judge or magistrate may allow the defendant to use a piece of property as collateral. However, the court will seize the said collateral if the defendant attempts to flee. Moreover, the judge or magistrate handling the case will determine what kind of property they consider eligible. Additionally, the property used must have at least the bail amount in equity. To easily calculate equity, subtract any outstanding liens or money owed against the property from the current market value.
For example, a home appraised at $300,000 — with a mortgage balance of $150,000 — would have equity of $150,000.
Our Professional Bail Bondsmen Handle All The Paperwork
The court is particular about how defendants prepare these types of bonds. A lot of paperwork is required, including property appraisal, title reports, and other documents. Since the process is complicated, always hire a professional for help. Court approval isn’t guaranteed, and something as seemingly innocuous as misfiling your paperwork can put wrenches in the gears of the process. Therefore, if you need help securing federal bail bonds for a loved one, don’t hesitate to contact our team here at Bad Boys Bail Bonds. We’ll get to work on your case right away.