LARGE BAIL BONDS
Trying to bail a friend or family member out of the Maricopa County Jail can be an intimidating proposition, but when the court makes it a large bond, it becomes overwhelming. Before going down the road of calling bondsman after bondsman, take inventory of what you have available for cash and property. You will need two things:
- You have to pay a 10% fee, plus expenses; the fee is non-refundable and represents the minimum amount of dollars you will have to come up with to buy the bond.
- The property requirement, also referred to as collateral, is any asset with a value equal to, or greater than the bond amount. Main stream bondsman require collateral and the larger the bond the more important it becomes. The most common asset used for collateral with large bonds is real estate. however: cash can be collateral.