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What is a Bond
Simply put, a bond is an obligation that insures payment of sum of money. Bonds ensure payment of a specific amount (on a specific date) is made from one party to another.
This is simply a promise to the court that the defendant will show up to court at the correct date and time as required.
With this bond, the defendant must pay the full amount in cash.
Rather than money, the equity in property is put up for a bond. These have to be handled at the Arapahoe County Combined Court Clerk’s office, as the Detention Center doesn’t handle them. Houses, jewelry, and vehicles are the most common types of property used for property bonds.
PR bonds with con-signer
These bonds are paid for by the defendant and a co-signer. There are specific requirements for the co-signer that they must meet. Both parties will be responsible for paying the bond.
This is when a bail bond agency like Fort Lupton Bail Bonds pays the bail in the defendant’s place. In exchange, the bail bonds company usually receives 10% of the bond amount.