My grandson has a bail hearing coming up. I want to be prepared so he can come home the day of the hearing. If I can't come up with the cash, I'll need to use my house as collateral. How does it work? What is the process? I have a reverse mortgage on the house and have used about $60k of the $450k. Do I take the deed to my property with me to court? Thanks.
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Editor's Response
Because you have a reverse mortgage, I'm not sure how much help your home will be in coming up with bail. On the other hand, it seems you have a large amount of cash on hand that could be used to post bail. As you know, the amount of the bail (if it is allowed by the court) will depend on the severity of the crime charged, among other things. I'm sure I do not need to explain that, if the defendant does not show up for trial, the person who posts bail may forfeit the money.
If I were you, I would talk to the attorney assigned to the case (public defender), or the attorney that has been hired by your grandson or his family, and ask her to give you some thoughts (or a guesstimate) on the question of how much money you will need to get together for bail. The attorney will also be able to explain the specific process at the court where the hearing is being held and, if necessary, recommend a bail bondsman. One last thought: If your grandson is being represented by a public defender and is facing serious charges, your money may be better spent on a Massachusetts criminal defense attorney. Public defenders are dedicated, hardworking professionals, but they usually have a huge caseload. Good luck.