If you or someone you care about gets in trouble with the law, one of your first questions is likely to know if they are eligible for bail. The second question might be to ask how you will pay the bail. While the law requires that bail not be excessive, the total amount due is often more cash than most people have available at any given time. In some instances, the defendant may require the service of a bail bondsman to get them out of jail, while others might be able to use collateral for their bail bond. But what exactly can be used as collateral for Lancaster County bail bonds? Let’s take a closer look at the most common possessions used.
Real Estate – This can include using your home, land, or another commercial property building that you own in full or have significant equity in. Real estate that is still primarily owned by the bank is generally not accepted.
Vehicles – Titles for a car, motorcycle, ATV, snowmobile, or a camper can be used, assuming you own them in full, much like real estate, as bail collateral.
Valuables – The most common valuables used for bail collateral include jewelry made from precious metal of silver or gold, diamonds, or firearms.