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To: UCANSEE2

So then if Zimmerman’s parents and grandmother posted their houses to cover the $150,000 Bond to the court, then who did Zimmerman pay his $15,000 Bail to???? His parents and grandmother???


80 posted on 06/02/2012 1:06:21 PM PDT by Uncle Chip
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To: Uncle Chip
So then if Zimmerman’s parents and grandmother posted their houses to cover the $150,000 Bond to the court, then who did Zimmerman pay his $15,000 Bail to????

The relatives posted their houses as a guarantee against the bond. (I.E. the bondsman has a 'lien' against the property). The BONDSMAN still gets the 10% for putting up the bond. Should the defendant skip bond, then the bondsman has COLLATERAL to recoop his bond money, by putting the houses up for sale and collecting any proceeds from those sales.

Am I explaining this clearly?

When you have to have someone 'bail' you out, the bondsman want family who OWN a home to COSIGN. Just giving them the 10% will usually not be enough. They aren't in the business of losing the FULL AMOUNT of the bond every time come criminal decides to flee. They ask for GUARANTEES.

Have you ever had to go to a bondsman to bail someone out?

82 posted on 06/02/2012 2:07:56 PM PDT by UCANSEE2 (Lame and ill-informed post)
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