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  #1 (permalink)  
Old 04-08-2008, 05:21 PM
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Join Date: Oct 2007
Posts: 179
Default How quick can I get a bond?
I have a client who had a bankruptcy about 3 years ago. He needs to settle his mother's estate and needs a probate bond for $18K, there is less than $5K in value and the house is getting ready to be foreclosed on. Is it possible to get a bond TODAY and if so, how much would it cost?
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Old 04-11-2008, 11:47 AM
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Join Date: Oct 2007
Posts: 558
Default Court Bonds
Quote:
Originally Posted by Bond Guy
I have a client who had a bankruptcy about 3 years ago. He needs to settle his mother's estate and needs a probate bond for $18K, there is less than $5K in value and the house is getting ready to be foreclosed on. Is it possible to get a bond TODAY and if so, how much would it cost?
We may be able to help you with this bond, but not TODAY. We would need to receive an application from you, submit it to Surety for approval, get you the necessary agreements, receive those original agreements back along with premium prior to a bond being issued. It can be done fairly quickly, but not in a same day turnaround.

If you are interested in applying, please visit the following link for the application: Court Bond Applications | JW Surety Bonds
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Old 10-02-2008, 10:22 AM
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Is the premium based on a percentage of the required amount of the bond or is it a flat fee paid for the bond?
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Old 10-03-2008, 09:16 AM
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Join Date: Sep 2008
Posts: 109
Default Premium Calculation
The premium IS a percentage of the bond amount - but the premium is calculated based upon the applicants credit.
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Old 10-03-2008, 11:21 AM
h2o h2o is offline
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Join Date: Sep 2008
Posts: 117
Default How quick can I get a bond?
Quote:
Originally Posted by lifeisgood
The premium IS a percentage of the bond amount - but the premium is calculated based upon the applicants credit.
Is it solely based on credit or are other factors taken into consideration?
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Old 10-03-2008, 11:30 AM
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Posts: 109
Default Credit
The applicant's credit is a major factor - they will also review business financials (if applicable) and the personal financial statement(s)
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