H
HineyMac
Guest
What is the name of your state? California
My Husband and I bailed a family member out on a 25,000 bond last summer, by putting up our home as collateral.
The Bond was issued by an Insurance Company. Last month, we sold our home. The case was still pending, at that time, so the lien had to be paid w/ the proceeds of the sale of the home. The $25,000 was wired directly to the Bail Bondsman, and the lien was released, thus becoming a cash bond.
7 days after the funds were wired, the case was resolved, and the bond was exonerated. No additional monies are owed to the Bondsman. My Husband presented the court documents to the Bond Office the following day. We were told a request had to be sent to the Insurance Company in order to get our collateral returned, which would take approximately 1 week.
I week has passed, I contacted the Bond Office yesterday, explained that we had not received the funds, and that I had contacted the Dept of Insurance and was told the collateral must be returned 15 calandar days from the date the request was made.
I got a return phone call from the owner of the Bond Agency, stating that our money would be returned this Friday or Monday, in the form of a cashiers check, and delivered personally by him.
This makes no sense to me, if the Insurance Company is issuing the check, why would it be a cashiers check, and why not come directly to us. I suspect fowl play, and am concerned that our money is NOT with the insurance company, but rather with the Bond Office, in which case, I question why it is taking so long?
Do I have any legal recourse against the Bond Office? I am willing to wait until Friday, but what action should I take, if we do not receive the money then?
My Husband and I bailed a family member out on a 25,000 bond last summer, by putting up our home as collateral.
The Bond was issued by an Insurance Company. Last month, we sold our home. The case was still pending, at that time, so the lien had to be paid w/ the proceeds of the sale of the home. The $25,000 was wired directly to the Bail Bondsman, and the lien was released, thus becoming a cash bond.
7 days after the funds were wired, the case was resolved, and the bond was exonerated. No additional monies are owed to the Bondsman. My Husband presented the court documents to the Bond Office the following day. We were told a request had to be sent to the Insurance Company in order to get our collateral returned, which would take approximately 1 week.
I week has passed, I contacted the Bond Office yesterday, explained that we had not received the funds, and that I had contacted the Dept of Insurance and was told the collateral must be returned 15 calandar days from the date the request was made.
I got a return phone call from the owner of the Bond Agency, stating that our money would be returned this Friday or Monday, in the form of a cashiers check, and delivered personally by him.
This makes no sense to me, if the Insurance Company is issuing the check, why would it be a cashiers check, and why not come directly to us. I suspect fowl play, and am concerned that our money is NOT with the insurance company, but rather with the Bond Office, in which case, I question why it is taking so long?
Do I have any legal recourse against the Bond Office? I am willing to wait until Friday, but what action should I take, if we do not receive the money then?