Co-signing a bail bond for a friend or family member is a significant responsibility. It means that you agree to be responsible for that person until such time as their case is complete, provided that they remain out on bail. However, that doesn't mean that you have to knowingly throw away your bail bond collateral if your friend or loved one violates, or is planning to violate, the terms of their bond agreement.
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Buying a condo is a similar experience to buying a house, yet there are some key differences between these two events. When you purchase a condo, you are buying a unit within a community and will have to pay maintenance fees on a monthly basis, and this is just one of the differences. If you would like to buy a condo, you should also realize that you may face some challenges when you try to get a mortgage loan to make the purchase.
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People often get confused about certain fundamental aspects of what takes place in regards to bail after an arrest. And for most people, this is understandable. Most of us go through life without being arrested, but if that time comes, there are certain things you will need to know.
The words bail and bond are not synonymous
Bail is the amount of money that is required for the person charged with a crime to be released.
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If your friend has been arrested, and they've asked you to post bail for them, you'll need a bail bondsman. This is particularly true if you can't afford to pay the bail in cash. Before you obtain a bail bond for a friend, there are some things that you'll need to know.
Understand the Process
If you've decided to obtain a bail bond for a friend, it's important that you understand the process, especially if the bail is set at a substantial amount.
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When you want to buy a home or a commercial property (or a two-in-one property), you try every route possible to get the money you need. Sometimes, all the routes you know of are blocked. There is just no way to get the money, or is there? A private money real estate broker/lender is what you need right now. Undoubtedly, you have some questions about borrowing money from a private party and a total stranger.
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