The federal bail bond system can be much more confusing than the state bail system, but we’re here to make sure you understand every step of the process. When you need to bail someone out of a federal jail, the process isn’t as simple as having a local bail agent go to the jail to have your loved one released like it would be in a state jail. Bail in a federal case could take days or even weeks to secure and the judge or magistrate handling the case always determines what the bail will be.
Appearance Bonds in Federal Cases
The simplest form of bail in the federal court system is an Appearance Bond. This type of bond requires a friend or family member to sign a CR-04 form, also known as an Affidavit of Surety, which obligates them to pay the court the bail money if the defendant doesn’t appear in court or fails to comply with conditions.
Once the judge or magistrate determines the amount of the bail bond they will determine who qualifies to be a surety of the bond. In most cases, only financially stable people qualify to be sureties and must be employed with a steady income. Corporate surety bonds or Federal bail bonds are similar to state bail bonds where insurance is purchased from a bail bond company and submitted to the court as a financial guarantee. Unlike state cases, a Federal court surety bond guarantees not only that the defendant will appear in court, but also other conditions of the bail that must be followed.
Conditions of Federal bonds may include things like drug testing, travel restrictions, pretrial monitoring and other restrictions. If the court discovers that the conditions of the bail have been violated, then the court can demand immediate payment in full of the bond from the bail bond company. Since there is added risk in Federal cases, Federal bail bonds are usually higher than state bail bonds.
Using Personal Property as Collateral for a Federal Bail Bond
The judge or magistrate may also allow personal property to be used as collateral in case the defendant tries to flee; the judge or magistrate handling the case determines what type of property can be used. The property used as collateral must have at least the bail amount in equity which is determined by subtracting any outstanding liens or money owed against the property from the current market value. A simple example would be a home appraised at $300,000, which has a mortgage balance of $150,000 would have equity of $150,000.
Our Professional Bail Bondsmen Will Make Sure All Paperwork is Filed Correctly
The court is very specific about how these types of bonds can be prepared, and it is recommended that you contact a professional to help with all of the paperwork that will be required. This paperwork can include a property appraisal, title reports, and other documents. Court approval isn’t guaranteed and your loved one could be held in court for longer if bonds are done incorrectly. If you need help securing Federal bail bonds don’t hesitate to call the team at Anytime Bail Bonding, Inc. We can have your loved one out as soon as possible.