Real Estate Law Misconceptions

Many people confuse surety bail bonds with traditional bail bonds, but the two are not the same. Learn to distinguish between the two in case you ever need help from a surety bail bondsman.

What Is a Surety Bail Bond?

Surety bail bonds are a type of bail bond that requires the use of a cosigner, also known as a surety. The cosigner agrees to pay the full bail amount if the defendant fails to appear in court.

A surety bail bond is a way for the court to ensure that the defendant will appear for their court date. The cosigner acts as a guarantor and is responsible for paying the bail if the defendant does not show up. If the cosigner doesn't pay the bail, then they may be subject to arrest.

What Is a Bail Bond?

A bail bond is a type of surety bond that is posted by the defendant in order to secure their release from jail. The full bail amount is paid to the court and the defendant is released from custody. If the defendant fails to appear in court, then the bail bond is forfeited. In this situation, you are responsible for paying the full bail amount, and you may also find yourself in legal trouble.

What Is the Difference Between a Surety Bail Bond and a Bail Bond?

The main difference between surety bail bonds and bail bonds is that a surety bond requires a cosigner while a bail bond does not. A surety bail bond is also a way for the court to ensure that the defendant will appear for their court date, while a bail bond is a type of insurance that covers the full bail amount if the defendant does not appear for their court date.

Which Type of Bond Is Best for Your Situation? 

The type of bond that is best for your situation depends on your individual circumstances, such as the amount of your bond and how much cash you have available. If you have the ability and funds to post bail without the use of a cosigner, then a bail bond may be the best option. However, if you can't post bail without help from a cosigner, then a surety bail bond may be ideal.

Everybody has different needs, especially when the legal system gets involved. Speak to a professional surety bail bondsman to discuss your options and find the best solution for your situation.

For more information, contact a company like A Professional Bail Bonds.