After 10 years of marriage, I’m still enjoying living in the first home I moved into with my husband. Buying a first home can be one of the most exciting events in a person’s life. Before making this important expenditure, people need to first sit down and determine how they will successfully finance it. After all, a home will likely be the most expensive purchase you make in your life. Talk to a loan officer and determine how much money you can reasonably borrow. Then, decide how much money you want to use as a down payment. You also must decide how many years you will finance your home for. On this blog, you will learn about the process of buying a first home with a loan.
No one ever wants to get arrested for a crime, yet many people end up arrested each day. If this happens to you, you will remain in jail until you find a way to pay your bail. One method you can use to get released is to hire a bail bond agent. If you use this method, you must understand the agreement you have with the agent and the risks you take if you skip out on bail. Here are some of the risks you take if you skip your bail after using a bail bond agent's services.
You Lose the Deposit You Made
Bail bond agents charge a non-refundable fee when assisting people with their releases from jail. The deposit you make is equal to around 10% to 20% of the bail amount the court set for your release. You will not receive this money back in either case, though. If you follow the court's rules after your release or if you skip bail, you do not get this money back. It is a cost that you must pay, though, if you use a bail bond agent, and it can be expensive.
You Owe the Bail Bond Agent the Full Bail Cost
Secondly, if you skip bail, your bail bond agent will come knocking on your door for the money you owe. For a bail bond agent to get you out of jail, they must pay your bail. If the court sets the bail at $20,000, they must pay this amount for you to get out of jail. Bail bond agents have a lot at stake when assisting people with their releases, but they also have the right to require repayment of the money they spend. You will owe the agent the amount they paid for your bail if you skip town. Keep in mind; you will also lose the money you paid for the agent's fee. If you add these up, you stand to lose a lot of money.
You Will Go Back to Jail
Owing a lot of money is never a good thing, but the worst consequence of skipping bail is that you will go back to jail. Do you want to end up back in jail after working out a deal with a bail bond agent? Most people do not want to, but this will happen if you do not follow the court's orders.
If you have questions or need assistance with your bail, talk to a bail bond agent.