Search Real Property Equity:
Many times, a bond can be secured by signing a Promissory Note and Mortgage and recording the Mortgage against the equity in the real property owned by the indemnitor. We can provide an Ownership & Encumbrance Report showing any encumbrances against the real property so you can determine if a mortgage is feasible.
We can also prepare the Promissory Note and Mortgage and record it quickly so the bond is secured. We usually can collect our fee and recording fees from the indemnitor.
The benefit of securing the bond with a Promissory Note and Mortgage is upon estreature, the Mortgage can be foreclosed upon resulting in either payment in full or ownership of the real property which can then be sold to cover the bond amount.
We can handle the entire process from searching the property to foreclosing on the Mortgage.
Notes & Mortgages:
Many times, a bond or unpaid premium balance can be secured by signing a Promissory Note and Mortgage and recording the Mortgage against the equity in the real property owned by the indemnitor. We can provide an Ownership & Encumbrance Report showing any encumbrances against the real property so you can determine if a mortgage is feasible.
We can prepare a contingent Promissory Note and Mortgage for the Bond or a Promissory Note and Mortgage to secure the unpaid premium and record them quickly so you are secured. We usually can collect our fee and recording fees from the indemnitor.
The benefit of securing the bond with a Promissory Note and Mortgage is upon estreature, the Mortgage can be foreclosed upon resulting in either payment in full or ownership of the real property which can then be sold to cover the bond amount.
We can handle the entire process from searching the property to foreclosing on the Mortgage.
Unpaid Premiums:
The contracts used by Bail Bondsmen generally allow you to collect from Indemnitors the unpaid premium, plus attorneys’ fees and costs. We can send demands and file suit against these delinquent Indemnitors to collect the unpaid premiums. We are familiar with all levels of court proceedings from small claims (less than $8,000) to circuit (over $50,000). No amount is too small.
Estreated Bonds:
The Promissory Notes used by Bail Bondsmen generally allow you to collect from Indemnitors the estreated bonds, plus attorneys’ fees and costs. We can send demands and file suit against this delinquent Indemnitors to collect the estreated bonds. We are familiar with all levels of court proceedings from small claims (less than $8,000) to circuit (over $50,000). No amount is too small.
Collect Investigative Costs:
The contracts used by Bail Bondsmen generally allow you to collect from Indemnitors the investigative costs expended while apprehending the criminal defendant – including travel hours, PI services, rewards, and extradition costs, plus attorneys’ fees and costs. We can send demands and file suit against these delinquent Indemnitors to collect these costs. We are familiar with all levels of court proceedings from small claims (less than $8,000) to circuit (over $50,000). No amount is too small.