What is a Bail Bond?
The posting of a bail bond is a contractual agreement between the bail bondsman (us) and an individual or cosigner posting bail for a defendant (you). As a bail bond company, our role is to work with you to guarantee that the defendant will appear at all scheduled court dates.
How do I get a Bail Bond?
In order for an individual or cosigner to make bail, collateral must be provided to pay the court in case the defendant does not appear at their scheduled court dates. Examples of collateral include personal property, a preauthorized credit account and real estate.
At Gerald Madrid Bail Bonds, we can usually set up a pre-authorization over the phone and are always happy to present a number of options to our clients during this process.
What is the Fee for Bail Bonds?
We provide affordable bail bonds at Gerald Madrid Bail Bonds. The person posting bail or cosigning is required to pay a fee that is 10% of the bail amount, as legally required in New Mexico. Once a cosigner or defendant is pre-approved for the bond amount, Gerald Madrid Bail Bonds generates all the necessary paperwork to initiate the bail bonds process.
After payment is made and paperwork signed, we immediately post bail for the defendant. The entire process can take anywhere from a few hours to two days. The timeframe depends on the location of the defendant, as well as how many cases are being handled by the court at the time.
Affordable Bail Bonds
No matter the circumstances, Gerald Madrid Bail Bonds will always work hard to get our clients released as fast as possible. Whether you need local, state or federal bail bonds, we are happy to provide bail no matter how high. Contact us for free and accurate information about affordable bail bonds in Albuquerque, NM.