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Old 03-28-2005, 12:29 PM
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Quote:
Originally Posted by Buckeye86
How does a college student post a 100,000 dollar bail? His family must be pretty loaded.
When you enlist the services of a bailbondsman your family pays him a straight fee for his services-how much, I don't know. Then, the bondsman puts up $10,000 of assets-and requires grandma or mom to sign the deed to the house over to him as a safety policy. So, if you run, A-the bondsman is responsible for $100,000, and B-he sells grandma's house to raise the cash. This is how bounty hunters make their $$$, they are hired by the bondsmen to get their money back-and save grandma's house. I think a lot of places will actually let the bondman write a check for 10%, and not cash it if he has a reliable record, they will go all out only if you skip out on bail.
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