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Bail Bonds 201

Bail Bonds 201

This book describes in detail the mistakes and pitfalls that Bail Agents make when running their businesses. Learn "What to do and What NOT to do" when running your bail bond business.


Price $24.95



Chapter 2: COMPLETE YOUR DUE DILIGENCE

The most successful bail agents have built their companies based on careful due diligence. Initial assessments, background checks, verified collateral, completed paperwork – these are your best keys to slow and steady growth. Due diligence will help you avoid forfeitures and protect you in the event that a forfeiture does occur.

It’s surprising how often bail agents are tempted to skip steps in their due diligence. Neglecting even one small step can result in forfeitures and insufficient collateral. If a defendant gives you a non-working phone number, for example, and you don’t find out until after you receive his forfeiture notice it will be much harder to locate him. If a cosigner doesn’t really possess the title to a property the time to find out is before you write the bond not after the defendant skips. You need to perform thorough due diligence on every bond you write. Fortunately due diligence is not a difficult or expensive process for the bail agent. It just requires discipline. Let’s look at why some bail agents fall short on due diligence and how you can avoid that problem.

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