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Flipping Houses: Turning a Wreck into a Gem


About Me

Flipping Houses: Turning a Wreck into a Gem

Five years ago, I decided to start my own side business. Along with keeping my job as a construction worker, I decided to use my savings to purchase an older residence. The plan was to fix up the place and then sell it at a profit. It didn't take me long to figure out that while my side business would take up most of my free time, it would make me a lot of money. Today, I still flip three or four houses a year. My strategy developed through trial and error, and I've learned how to evaluate the potential of a property first, then buy second. I know what must be done in the way of exterior painting, making the place secure, and ultimately finding the right buyer. If you are thinking about trying this kind of sideline, read on. What I've learned will help you a lot.

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Bail Bond 101: Why It May Be Revoked

Whether you've been asked to bail a loved one out of jail or you're the one who needs to be bailed out, it's important for you to go into this process understanding what kinds of things can put your bail release at risk. Especially for those who have never had to deal with bail bonds before, there are a few key things that you need to think about. Here's a look at some of the things that you should know about what can put your bail release at risk.

Failure To Appear

Perhaps the most common reason for a bail revocation is a failure to appear for a scheduled court hearing. One of the things that you assert when you sign a bail release contract is that you will attend every scheduled hearing and court appointment. This is a crucial condition of your release, so missing even one of these appointments may leave you facing a court revocation of your bail. Make sure that you keep close track of your court dates and appointments so that you don't risk losing your bail over something so simple.

Not Checking In

Every bail bonds agent has their own requirements for check-ins from their bonded individuals. When you sign the bail bonds contract, you will be provided with the details of the bond release check-in and contact requirements.

For example, in some cases, you may be asked to call your bondsman daily or weekly so that they know that you are still around and attentive. In other situations, you might be expected to appear in person at the bail bonds office every day or every couple of days. Your check-in requirements may not only vary among different bail bond agents but also depending on the severity of the crime.

Co-Signer Withdrawal

One of the responsibilities of a co-signer on a bail bond is to take responsibility for the accused while they are out on bail. Co-signers hold financial liability for that individual if they fail to appear in court or otherwise violate the terms of their release.

As a part of that responsibility, a bail bond co-signer also has the right to revoke their sponsorship of the accused. If you no longer want to be held responsible for someone whom you've co-signed a bail bond for, you can contact the bail bonds agent and revoke that bond. 

These are the three primary ways that a bail bond can be revoked. Make sure that you understand these factors so that you can protect your bail bond release or your financial responsibility for your loved one's release.

Reach out to a local bail bonds service to learn more about the requirements.