The process of release begins with the official set of bail by the court. A bondsman intervenes to pay the bond to release on bond. It is upon internal clearance that the person is free after paperwork is done in the jail.

First option is to pay the full amount of the bond in CASH plus a filing fee that goes straight to the jail. For example, if you had a friend or loved one in jail at the Arapahoe County Jail in Centennial, CO on a $3,000 cash or surety bond. You could secure their freedom/release by giving the Jail the $3,000 CASH plus a filing fee in Arapahoe County of $10 for a total of $3,010.00.

Second option is after the bond is set, the qualified Cosigner or person willing to be responsible for the bond(s) contacts one of our friendly & professional bail bondsman to assist you for pennies on the dollar. By hiring a bondsman continuing with the example above calling for a $3,000 cash or surety bond. You would pay cash which is called Premium for the bond in the amount of up to 15% (Colo. Statute limit) of the bond amount in cash, credit, by using property or if you do not have all of the premium we could even do a payment plan depending on the bond amount (pay plans not available on bonds lower than $3,100). There is still a filing fee applied for each bond. So a $3,000 cash or surety bond would cost you up to $450 plus the filing fee of $10 in Arapahoe County for a total of $460. Now the State limit is 15%, however, if the co-signer is using Collateral the pricing will typically get better. In other words, depending on the collateral pledged by the co-signer the price could come down as low as $290 plus the filing fee of $10 for a total of $300. Third option is after the bond is set, and the Court includes the option to use property to post the bond which is usually available when bond amount is $10,000 or greater the bond is set as a $10,000 CASH/PROPERTY/OR SURETY BOND. In this case the Cosigner could pledge a Home or some REAL property with the Court and the Court placing a lien on the Co-Signers home in the amount of the bond plus the jail filing fee to secure the persons freedom/release.

Fourth option is in setting the bond the Judge decides to give the person in jail a Personal Recognizance bond or a P.R. bond and allow them to essentially sign and be released.

Pay attention to the speed of response and the clarity of their explanation of the situation. When time of the essence, experience in the facilities of Aurora counts more than anything. A good bondsman ought to be more able to deal with pressure, and maintain the process simple in communications.

The money paid to a bondsman is not refundable since it includes the procedure of posting release. When there is collateral, then the collateral is reinstated back after all the court obligations are met and the case is finally closed.

The actual process of bonding is normally made fast as soon as information has been verified. But the reality of release is determined by the rate at which the jail clears the paperwork which may change with staffing number, inter-departmental workload, and time of the day.

The approval of the person will be based on whether he or she can assume financial responsibility in case of need. This is commonly weighed by the stability of incomes, identification and reliability in general. This is to make sure that the co-signer is able to warrant the contract in case it is needed.

Although the charges are dropped, bond fee is a considered earned service. The court releases the bond and any collateral involved is delivered back when all official clearance and confirmation procedures are fulfilled.

Collateral has been defined as property or assets that can be presented in order to facilitate a bail bond. These could be property, cars or other properties. It is utilized only as security when there is a failure to meet court requirements.

CASH. Cash can function as collateral as well. For example, if someone needed a $5,000 bond and they had no collateral they may be required to put up SOME cash collateral. The bail company may ask for $500 cash collateral in addition to the premium charged. However, unlike the premium the $500 cash collateral would be returned in full to the cosigner’s upon the cosigners provided proof that the case/bond has been released. Home or Real Property. The home or real property to be pledged via a deed of trust may be in Colorado or outside of Colorado just so the property to be used is not currently situated in a Homestead State. Colorado is NOT a homestead State. The bail company will place a lien on the home to the extent of the bond and the lien will remain in place until the bond is fully released which means the case made it to a final disposition. Jewelry. We have jewelry appraisers that will appraise the jewelry and we allocate the amount as collateral. Upon the closing of the case and release of the bond the jewelry is returned to cosigner(s). See below how jewelry can be used to pay the premium on the bond. Credit/Debit Card Collateral. We would not charge the card until and ONLY if the defendant fails to appear or fails to pay all premium as agreed. If you have a valid credit/debit bank card call us for details on how this CAN be used as a form of collateral.
Auto Title. If the cosigner has an original, GREEN TITLE to a vehicle meaning the property is fully paid off and the Title is in the name(s) of the cosigner(s) and the vehicle in question is in good working condition with a current registration and valid proof of insurance it could be pledged as collateral. Now the amount of Collateral allocated to the pledged property will also vary. Obviously the value that will be allocated will be directly tied to the year, make & model as well as the current condition of the vehicle being pledged. We give 0 (zero) value to non-registered and non-working or driving vehicles.
Un Secured-Lines-of-credit. A portion of a credit line may be used a collateral. Bank Account and/or Annuity Accounts. These may be used as collateral to the extent of the bond(s) being posted.

The situation with payment is a matter of case-specific appraisal. Structured plans can be suggested instead of obliging to pay in lump sum as it gives the operation a chance to proceed immediately without having a burdensome financial strain.

The Qualified Co-signer would have to enter into an agreement with bail company agreeing to see to it that all outstanding premiums to be paid over a future period of time are fully paid as agreed AND …… Put down as much as possible at the time the full amount of the bail is posted by the bondsman (the down payment must be at least 50% or half of the required bail premium). For example, if someone had a $20,000 bond a co-signer would have to put down at least $1,250 on the premium and agree to pay installments on specific dates until all outstanding premiums are paid in full. Because the qualified co-signer is borrowing premium funds by using a payment plan, the pay plan must be strictly followed. Any defaults or failure to comply with payment plan terms could result in the re-arrest of the defendant. All payments must be made as agreed.

Just Yes, self-employed people can also do as long as they can provide evidence of stable income. This can be bank statements, tax returns or company documents that can affirm steady financial capacity to sustain the contract.

A copy of your business license & a business card OR ….. … A copy of a recently filed income tax return (no more than 1 tax year old) OR ……. … A copy of your sales tax license & a business card OR ….. … A copy of a recent check made out to you or your business & business bank account statement that shows deposits from business activity.

If you are self-employed and would like to see if you qualify to co-sign, please do not hesitate to CONTACT US or call for details at 303-960-2556.

Unemployment does not disqualify a person in any case. The person needs to be approved based on the presence of assets, savings or other financial assistance full of responsibility and capability to uphold the obligations of co-signing in case of need.

Bail is a legal bond on undertaking of temporary release with the promise of attending to the court. The defendant is released on bond by posting the mandated sum, and until the case is closed, the defendant must abide by all the court requirements.

Yes, co-signers that are not in law, outside the state are common. The majority of the documentation and validation could be done online, so the process could proceed without having to be in Colorado in physical presence to approve it.

Securing collateral may also be in the form of vehicle titles or other valuables than cash. Validation, value, and condition varies with approval. These assets are placed under security until the due course of action is completed before them.