When you are arrested, the very first thing you would like to do is to know if you are eligible for bail. At times, the total amount of bail is very high and it is not affordable to pay in cash. In such cases, people have to find something which can be used as collateral. But, the main question is what all things can be used as collateral for bail bonds downtown San Diego? Some of the possessions which can be used as collateral are as follows:
Real Estate
Anything which is included in real estate like building or land or any other such property can be kept as collateral. Real estate that is owned by the bank that is if you owe a mortgage for the property then it is normally not accepted. The real estate that you own will be accepted as collateral.
Vehicles
Vehicles like cars, boat snowmobiles, campers, trailers, motorcycles, RVs, ATVs, etc can be used as bail collateral. Like real estate, you need to have the ownership of the vehicle, it is only then you can use it as collateral for bail bonds downtown San Diego.
Valuables
A few common valuables which can be used as collateral for bail are precious metal, jewelry, and firearms. The bail bonds agent must first certify that the present market value of these things is equivalent to the bail amount. In case the defendant does not appear in the court, the valuables will be sold to recover the money.
Stocks
Another alternative for collateral is stocks and bonds. In case the value of the investment exceeds the penal amount, the stocks and bonds can be used as collateral. To keep this as collateral you will just have to sign the legal ownership of the stock.
Electronics
Electronics like Television, laptops, desktops, video game systems, and other such electronics can be kept as collateral. This is because if you do not appear in court, these can be solved and cash can be recovered.
These are some of the common possessions which can be kept as collateral for bail bonds downtown San Diego.
Affordably Easy 