Contact 1st Class Bail Bonds immediately!
- Step 1: Call us
- Step 2: Fill out a form
- Step 3: Get bail!
Our professional staff is well trained and certified and ready to assist you in the rapid release of your loved one with a minimum amount of paperwork and
time. We provide fast service throughout New Jersey, including our Morris County office. We treat you with respect and confidentiality.
- Talk to us by Phone
- Contact us Now, We are Available!.
-
973-359-1000
- Request a Callback
- What time is convenient for you?
- Our National Partners
Morris County
Bail Bonds CollateralBAIL BOND COLLATERAL
Q: What is collateral?
A: Collateral is something of value that is used to secure a debt or ensure payment. Sometimes a bail bond company will receive collateral in order to ensure that the defendant appears in court. Most bail bond collateral is in the form of real estate or cash. A bail bond company must return your collateral at the resolution of the case.
Q: Do I always need collateral for a bail bond?
A: Not with us. We often negotiate no collateral bail bonds. These are called signature bonds. We find that most of our customers are eligible for a signature bond.
Q: If I use collateral for a bail bond, when do I get it back?
A: When the defendant’s case has been completed and all financial obligations are satisfied, collateral is returned to the individual who pledged it.
Q: Will the court take my property as bail collateral?
A: Yes, the court will take your property as bail collateral. However, because Property Bonds involve real estate and can be likened to the buying or selling of a home, the process usually takes several weeks. Equity in the property must be equal to 150% of the total bond amount.